Sat, May 23, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Germany to broaden eligible assets for hedge funds, allows sale only to professional investors

Friday, August 17, 2012

Bailey McCann, Opalesque New York: The German Ministry of Finance has issued a draft bill of its proposal for implementing the Alternative Investment Fund Managers Directive (AIFMD) in the country. The AIFMD is a broad based set of financial regulations implemented by the European Commission in an effort to provide more proactive supervision over financial activities within the European Union in the wake of the 2008 crisis and subsequent Eurozone debt crisis. The draft bill was issued at the end of July.

According to a critical review of the bill by global law firm, Dechert, the draft bill will repeal the German Investment Act which implemented the 2009 UCITS directive. In addition 26 other acts have either been amended or adjusted in order to bring the country in line with AIFMD requirements. As part of the new bill, the draft provides for the creation of the "German Investment Code" (Kapitalanlagegesetzbuch – GIC), which will comprise the future legal framework for all investment funds in Germany.

New fund designations are also on the table - various provisions of the draft GIC distinguish between funds that only allow for non-individual investors, so-called "Special Investor Funds" (Spezialfonds), and funds that also allow for individual investors (Mutual Funds). There are several of these new fund designations, effecti......................

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner