Sun, Aug 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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner