Wed, Feb 10, 2016
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time