Thu, Aug 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Multifonds finds new AIF structure offers business opportunities to alternative funds

Wednesday, February 13, 2013

amb
Keith Hale
By Beverly Chandler, Opalesque London:

A survey of industry professionals responsible for more than $16tln of assets under administration, conducted by Multifonds, the multi-jurisdictional investment fund software platform provider for administrators, last year found that more than two thirds(69%) believed AIFMD would accelerate the convergence of long only and hedge funds.

In an interview with Opalesque, Keith Hale, executive vice president of client and business development at Multifonds has found that AIFMD is apparently making the EU a more attractive venue for non-EU hedge funds to set up shop.

"We can understand their perspective," Hale says. "There is a lot of convergence between traditional UCITS structures and alternatives and AIFMD is a catalyst for this convergence." Hale believes that hedge funds are becoming more traditional in structure, offering daily liquidity and a more traditional approach to risk management, and there are many hedge funds that have both UCITS vehicles as well as an offshore structures such as limited partnerships.

Hale thinks that the AIFMD is an opportunity for alternative fund managers to gather more assets from people who are currently investing in alternatives through the UCITS structure. "They could create an AIF," Hale says, "And an AIF structure will give a wider capability than the UCITS structure which is more geared for retail investors across Europe."

The AIF ......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius