Wed, Jan 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Law firm advises on likely impact for fund managers of a country leaving the Eurozone

Friday, June 15, 2012

Beverly Chandler, Opalesque London: Partners at law firm Dechert have addressed the issue of how a Eurozone event such as the exit of a country from the Eurozone would affect investment managers. As the news grows increasingly gloomy on the likely continuation of the Eurozone in its current state, Dechert urges fund managers to anticipate the impact of such an exit and to plan the steps they would need to take in response to such a development. "Managing this risk includes short and medium term steps to reduce risk or exposure, as well as the action that would need to be taken on the occurrence of an actual Eurozone event" the firm says.

Potential issues and oversight actions that should be considered by the management and boards of US and non-US funds include:

  • What are likely to be the key issues from the Euro Crisis that could impact U.S. Registered Funds, UCITs and QIFs/SIFs; in particular, what boards should consider, analysis of fund documentation, risk management, portfolio and share class exposure, investment management agreements, service provider and counterparty agreements, custody arrangements and liquidity and valuation;
  • What are the ways that fund managers can be proactive to prepare to deal with the Euro Crisis;
  • Applying the lessons learned from the 2007-2008 financial crisis to the issues arising from the Euro Crisis;
Risks relating specifically to currency redenomination include market closures; mandatory bank holidays; restricti......................

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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  4. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r

  5. Indices - Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year, Wilshire Liquid Alternative Index family outperforms investable hedge fund index counterparts in 2014[more]

    Barclay CTA Index gains 7.71% in 2014; largest traders return 12.31% for the year The Barclay CTA Index compiled by BarclayHedge gained 7.71% in 2014. The Barclay BTOP50 Index, which measures performance of the largest CTAs, was up 12.31% in 2014. “The BTOP50 had a strong finish, e