Wed, Sep 2, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner