Fri, Aug 22, 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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added