Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices: Time may be running short for policy makers globally to redefine the industry

Wednesday, February 17, 2010

This article was written by Craig Asche, Executive Director of the Chartered Alternative Investment Analyst Association (CAIA).

We are well over a month into the New Year and still significant uncertainties overhang the financial industry in general and the alternative investment community specifically.

In Europe, institutions still lack clarity on a number of critical issues surrounding the Alternative Investment Fund Managers (AIFM) directive. With Spain having assumed the Presidency of the European Union at the beginning of 2010, and despite an optimistic assessment of progress from the outgoing Swedes, significant divisions remain on a number of key issues. These include such fundamental questions as what rules will govern registration and authorization; what institutions will be allowed to take customer deposits and what reporting requirements will they be subject to in order to properly monitor systemic risk; what models, frequency, and independence of valuation are appropriate; whether remuneration should follow that of the banking sector or be adjusted to reflect the unique structural differences in the AI industry; and how will funds domiciled within and without be allowed to market themselves in the EU?

In the US, in addition to much of the above, financial institutions are uncertain in what businesses they will be allowed to compete. Senior advisors within the Obama administration, including ex- Fed chairman Paul Volcker in his current ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New