Mon, Dec 18, 2017
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  3. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  4. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans