Tue, May 24, 2016
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. Other voices: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera