Thu, Jul 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss family office’s asset management arm puts money on UCITS

Friday, February 08, 2013

amb
Alessandro Mauceri
Benedicte Gravrand, Opalesque Geneva:

The executives of Palaedino Asset Management, a firm that is part of the Palaedino multi-family office Group, are strong advocates of the UCITS structure. If a strategy can be managed onshore and within that structure, then it should be done so. Whatever cannot be managed within that structure will be in offshore funds and will complement UCITS investments.

"Our families are fully transparent fiscally. As such, the UCITS structure brings a lot of tax advantages in comparison with offshore investments in certain countries in Europe," Alessandro Mauceri, CEO of Palaedino A.M. tells Opalesque. "Unfortunately, Europe is not organized in terms of taxation... But usually, when you invest in UCITS in Europe, as long as you stay invested, you do not pay tax on your investments."

UCITS (Undertakings For The Collective Investment Of Transferable Securities) funds can be marketed within all countries that are a part of the European Union, provided that the fund and fund managers are registered within the domestic country, and indeed, each country within the EU may differ on their specific disclosure requirements.

The UCITS framework presents many advantages, Mauceri explains. One is that funds that are sold in Europe should be supervised by a recognised authority.

"The AIFMD demands that the management company......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro