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Alternative Market Briefing

What should U.S. managers know regarding Brexit?

Monday, November 27, 2017

Komfie Manalo, Opalesque Asia:

US managers wanting to market funds in Europe are facing a big question mark when it comes to Brexit, said Adam de Domenico, Founder and CEO of regulatory compliance support firm Cordium Malta.

"They will have to set up in Europe if they want to market to European investors, which remains a very important market from a global fund management perspective. Will US managers continue setting up in London, as they have done in the past, or would they consider various other jurisdictions, for example Malta, be it through a platform manager or their own manager or other, so that they will be able to seamlessly approach European investors while not having to set up today and be concerned with having to change should Brexit indeed cause a concern?, de Domenico said at the latest Opalesque 2017 Malta Roundtable.

On the other hand, it is also clear that under the current environment, fund managers have a lot on their plate because there is much regulation coming around so that it's understandable that managers will be waiting to the last minute and not making a decision until final clarity on Brexit, de Dominico explained.

Managers should consider having a Brexit hedge in place

However, service providers like Cordium and Mirabella can help fund managers set up in the UK while a......................

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