Thu, Dec 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global regulations cause 'train wreck in slow motion’

Wednesday, January 29, 2014

Komfie Manalo, Opalesque Asia:

Global regulations of the financial markets, including alternative investments and hedge funds cause "train wreck in slow motion," said Phoebus Theologites, CIO at SteppenWolf Capital, which provides cross-market and cross-asset investment management to institutional and professional investors worldwide, at the latest Opalesque Roundtable Zurich 2014.

Theologites said, "[Swiss regulator] FINMA never made a secret of the future changes in Swiss investment law. On the contrary, they have been very open about it, and there have been numerous seminars, organized by banks and service providers, informing and warning managers about the changes – yet few managers have started preparing their FINMA regulatory applications so far."

Ian Hamilton, Chairman of fund administrator IDS Group, added that Switzerland would be sitting in the middle of Fortress Europe, and "with all the regulations coming out of the E.U., AIFMD, etc.", the country would be sitting in a "squeeze". He added that "the Swiss authorities have hired additional 15 lawyers who are sitting and doing nothing, because nobody is putting in their applications. So I have seen this all before in other jurisdictions where fund managers actually bury their heads in the sand and hope that it is not going to happen or th......................

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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest