Sun, Jan 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Despite shutdown, regulations and tax changes roll on in the US and EU

Friday, October 04, 2013

Bailey McCann, Opalesque New York:

Hedge fund managers, advisors, and attorneys will have a busy fourth quarter but not as much of that work will go into trading as you might think. New regulations and proposed tax changes going into effect on January 1, 2014 had the experts talking at this year's Alternative Assets Summit in Las Vegas, Nevada. Changes in both the US and EU are hitting different parts of the hedge fund business - a boon for lawyers, and almost no one else.

In July, when the Alternative Investment Fund Managers Directive (AIFMD) came into force in the EU, it effectively spelled the end of private placements on the continent. Instead, EU regulators intend to move investment firms into the UCITS structure. These shifts are posing a bit of a learning curve for non-european firms that wish to market funds to europeans. LoPresti Law Group, Lemanik Asset Management, Ober & Beerens and Rothstein Kass announced at the summit that they have formed a working group that with reach between both the US and EU to help investment firms understand new compliance requirements under AIFMD and UCITS.

Rothstein Kass recently opened an office in Ireland to work with firms on new EU requirements. The two law firms included in the group - LoPresti which is based in New York and Ober & Beerens which is based in Luxembourg will work together on legal work for clients between both continents.

Even though the law has been in force since July, new guidance is s......................

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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r