Fri, Dec 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque UCITS intelligence

Editorial

Monday, August 18, 2014

22 July 2014 : matching the final deadline for AIFMD!

About one thousand files have been reviewed by the FSA for agreement. Fund managers have considered the implementation of AIFMD as a painful long process questioning internal organizational structures.

Some managers consider AIFMD as a threat and others as an opportunity. In this edition, we publish a summary of the Alceda/Kepler’s survey. Conducted in May and June, the survey reflects the main issues faced by 56 fund managers representing $300 billion of assets and located in Asia Pacific, Europe and the US. 47% of them stated in May that they did not filed yet under AIFMD. 32% considered they were already compliant.

Without filing, raising assets across Europe requires to have strong legal advises on where to go, which country to apply still for Private Placement (due to expire in 2018) and what each national regulatordefines by « passive marketing. AIFMD is the only long term passport to Europe, either with a direct licence or assigning an external managers.

In this edition, we continue to explore the specificities of certain European markets. After Switzerland, we explore France to assess market opportunities versus local constraints.

Finally, allocations to Hedge Funds continue to increase. According to HFR Research:

"The inflow of $56.9 billion in the first half of 2014 increased total hedge fund industry capital globally to over $2.8 trillion, surpassing the previous record of $2.7 trillion from the prior quarter. The HFRI Fund Weighted Composite Index gained +3.2% for 1H, led by gains in Relative Value Arbitrage and Event Driven strategies."

Wishing you a productive and pleasant summer break!

Sophie van Straelen
Editor
Sophie@opalesque.com

Sophie

About your editor: Sophie van Straelen and Asterias Ltd: Sophie van Straelen started her professional career in investment banking spanning derivative markets and hedge funds. Her 12 year experience in investment banking provided a strong base to found Asterias Ltd, the consultancy located in London, specialised in delivering strategic insight in distribution for service providers and hedge fund managers. Listed in 2009 by EFinancial News as one of the top 100 most influential women in finance in Europe, she is a recognized, valuable and independent source of analysis for the media, lobbying groups and investors.



 
This article was published in Opalesque UCITS intelligence.
Opalesque UCITS intelligence
Opalesque UCITS intelligence
Opalesque UCITS intelligence
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. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released