Komfie Manalo, Opalesque Asia:
Scotstone Investments Ltd., IDS
Groupís 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
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......................
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