Mon, Jun 27, 2016
A A A
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: www.managedfunds.org

- 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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider