Fri, Jun 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Irish Central Bank to scrutinize lending funds, acknowledges vital role in overcoming funding gap

Tuesday, July 30, 2013

Bailey McCann, Opalesque New York:

The Irish Central Bank has released a new discussion paper on loan origination by investment funds. In the paper, central bank officials have opened a discussion on the possibility of removing the prohibition on the origination of loans by alternative investment funds. The paper is meant to serve as a framework guiding a public comment period open until September 13, 2013.

UCITS funds have been prohibited from engaging in non-bank lending since 1985, an approach which has also held for some alternative investment funds in Ireland, however that may shift. "There is nothing in the AIFMD itself prohibiting an AIF marketed by an AIFMD-compliant AIFM from engaging in loan origination. The AIFMD regulates investment fund management rather than investment fund constitution, so it is not surprising that the AIFMD does not seek to regulate the investment strategies and activities of the AIFs themselves and does not therefore consider the merits or otherwise of loan origination. Irish authorised AIFs continue to be prohibited from engaging in loan origination because the Central Bank has used its discretionary powers under domestic law to prohibit them from doing so. However, the Central Bank has also indicated its willingness to consider higher risk profile options for Irish authoris......................

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. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp