Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEI/AIMA panel comments on remuneration rules for European alternative fund managers

Friday, February 08, 2013

Beverly Chandler, Opalesque London: A panel put together by SEI and AIMA recently discussed the new rules and application guidelines of the AIFMD remuneration requirements, declaring that they could have substantial impacts on the operating models of hedge funds and UCITS operating in Europe. The panel consisted of Jiri Krol, Director of Policy and Government Affairs, Alternative Investment Management Association (AIMA); Rob Mellor, Partner, PricewaterhouseCoopers and James Tinworth, Partner, Stephenson Harwood.

SEI’s paper highlights the fact that as these guidelines may potentially apply through mid-2013, managers will need to already be planning for their remuneration plans. While there remains uncertainty as to how the guidelines will eventually end up, managers should nevertheless try to construct a remuneration policy for 2013.

SEI’s paper explains the thinking behind the directive. "The Directive requires alternative fund managers to have remuneration policies and practices that "are consistent with and promote sound and effective risk management" and "do not encourage risk-taking which is inconsistent with the risk profiles, rules or instruments of incorporation of the AIFs they manage." These policies and practices must apply to "those categorie......................

To view our full article Click here

Banner

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: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of