Tue, Sep 27, 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco