Sat, Dec 20, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und