Sat, Aug 1, 2015
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 Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner