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

Bermuda to ink deal with Germany on alternative funds marketing

Thursday, November 28, 2013

Komfie Manalo, Opalesque Asia:

Bermuda’s market regulator, the Bermuda Financial Authority (BMA) is finalizing details of an agreement with Germany that will allow alternative fund managers from the island to market their products into Germany, according to a report by the Royal Gazette, which also disputed an earlier story filed by the Financial Times that claimed Germany did not want to sign alternative investment cooperation deals with Bermuda, Cayman Islands and the British Virgin Islands.

The BMA was quoted as saying that it is "currently in discussions with Germany regarding the signing of a bilateral agreement, with a view to confirming arrangements with the German regulator Bafin. Bafin has indicated that such bilaterals with non-EU countries will reflect the content of the AIFMD MMOU that Bermuda has already signed with 26 EU member states."

According to the FT report, Germany’s alleged "political distaste for the offshore hedge fund industry" has forced Bafin to block the entry of Caribbean-based alternative funds from selling their products into Berlin.

On Tuesday, it was reported that Germany had signed a similar agreement with the Cayman Islands Monetary Authority in pursuant to the Alternative Investment Fund Managers Directive (AIFMD). ......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner