Sat, Jun 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Malta's Scotstone Investments offers AIFM umbrella for smaller managers

Tuesday, January 28, 2014

Komfie Manalo, Opalesque Asia:

Scotstone Investments Ltd., IDS Group’s Malta-based company that assists emerging or non-EU domiciled fund managers gain access to the European market, has set up an alternative investment fund managers (AIFM) umbrella for smaller fund managers.

This was revealed by Ian Hamilton from IDS at the latest Opalesque Roundtable Zurich 2014.

Queried about the prohibitive costs for managers to get an AIFMD (alternative investment fund management directive) license, Hamilton replied, "For Scotstone Investments we have set up our own asset manager which acts as the host for some of the smaller firms. Standalone is expensive and I would hate to see increasing costs and regulation result in the ladder being pulled up for the future and the smaller fund managers."

IDS Group is a hedge fund administration firm with operations in Malta, Mauritius and South Africa. In December, Scotstone was granted an AIFMD-approved fund manager license in Malta.

Hamilton explained that he is in favour of licensing fund managers under the AIFMD regime because it gives protection to investors even though that means some managers who in the past were operating "below the radar" may try to fight the fact they have to be registered or licensed going forward.

"We talk about swallowing pride, I thin......................

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 Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,