Sun, Nov 29, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Managed Funds Association responds to draft report issued by European Parliament rapporteur on amendments to AIMFD

Wednesday, November 25, 2009
Opalesque Industry Updates - Managed Funds Association (MFA) President and Chief Executive Officer Richard H. Baker, issued the following statement in response to the draft report issued today by Jean-Paul Gauzès, Rapporteur, Committee on Economic and Monetary Affairs, European Parliament, regarding amendments to the proposed directive on alternative investment fund managers.

“MFA is encouraged by the report issued today by the Rapporteur of the European Parliament’s Committee on Economic and Monetary Affairs. Progress seems to have been made in three key areas. On the topic of valuation, MFA supports the approach of requiring an independent valuation process rather than a requirement for an independent valuator. MFA supports the provisions of the report that retain European investors’ rights to access global investment talent by preserving national private placement regimes. Finally, the report puts forth a sensible definition of marketing that focuses on the initiatives of the managers, not those of the investors.”

“MFA continues to believe that more work and education are necessary in order that the Committee understands in greater detail both the intended and unintended consequences that the proposed Directive may have on the European investor community, as well as other market participants. We look forward to continuing a constructive dialogue with the Committee on Economic and Monetary Affairs toward the goal of fashioning a comprehensive, smart and effective regulatory system that serves the public interest as well as the interests of investors.” Corporate website:

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November