Mon, May 2, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n