Mon, Feb 8, 2016
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

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider