Sun, Jun 25, 2017
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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to