Tue, May 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Amid regulatory brouhaha, U.S. hedge funds care more about domestic than European and Asian investors

Thursday, March 20, 2014

Komfie Manalo, Opalesque Asia:

Most U.S. hedge fund managers wait for the confusion of rules around the full implementation of the Alternative Investment Fund Managers Directive (AIFMD) so they could market their products in Europe, said Darren Stainrod, a Principal at HighWater Limited at the latest Opalesque 2014 Cayman Roundtable.

"U.S. managers are initially marketing their funds within the U.S. [as they await clarification]," Stainrod said. He added, "In any case the capital flows are largely coming from the U.S., and so there is no need for them to navigate the European minefield or take long flights to Asia,"

He went on to say that in Europe, managers are too distracted by rules and regulations to concentrate on innovation and product development. Stainrod pointed out the AIFMD, EMIR reporting, SEC and CFTC registration, FATCA and a change in UK partnership tax law will keep European managers busy until at least the second half of 2014.

James George, a partner with BDO International in the Cayman Islands, noted that many North American managers do not really have a lot of direct involvement in Europe, so they are either out of scope or they are looking to restructure in order to be out of scope of AIFMD.

BDO is the world’s fifth largest accounting network with offices in 138 countries and employing almost 55,000 peop......................

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven