Thu, Jul 27, 2017
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. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  2. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  3. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  4. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  5. $25 million cryptocurrency fund launches to capitalize on the "internet of the future"[more]

    From Coindesk.com: General Crypto, a $25 million cryptocurrency hedge fund, has launched to provide high net worth investors with liquid exposure to the cryptocurrency market and digital assets that they believe could run the technological infrastructure of the future. Since the start of 2017, the t