Thu, Mar 30, 2017
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less