Mon, Apr 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

The Netherlands is the first European country to implement AIFMD

Friday, October 05, 2012
Opalesque Industry Update - This week Dutch Parliament approved the law, which implements the EC Directive dealing with the Alternative Investment Fund Managers Directive (AIFMD).

The Netherlands is the first European country which implemented this important new piece of regulation created to limit risks for investors in those alternative investment funds. According to a KPMG survey the Netherlands is now between the top rated countries as potential business location for asset managers and their funds.

The AIFMD deals with stricter EU regulation on alternative investment fund managers offering alternative investment funds, ranging from hedge and private equity fund products to real estate investment funds. The fast implementation is the result of a coordinated effort of the Ministry of Finance, the Dutch regulator AFM and market participants. A tailor made AIFMD sounding board supported the Ministry in the implementation process. Together with the existing tax rules for alternative investment funds , the Netherlands is now between the top rated countries as potential business location for asset managers and their funds according to the KPMG survey. KPMG’s partner Marco Frikkee states: “Dutch based asset managers– with use of the new set of legislation - could optimally use easing tax rules to reduce unnecessary costs inherent to existing tax and legal structures. With the current financial infrastructure it is expected that the Netherlands is able to attract some of the asset managers to bring business over from their current offshore locations.”

Market participants in the Netherlands work together on more occasions. An example is the annual GAIM hedge fund conference in Monaco. Holland Financial Centre (HFC) has, for the past three years, organised the presence of the Dutch participants during this event. HFC is organising the GAIM participation to promote the Netherlands as a centre for alternative investments. Being the first country to implement AIFMD will be a highlight to promote on next year’s trip to GAIM. “The Netherlands already is in the top 5 globally when it comes to hedge fund manager locations, according to the Pertrac 2011 annual survey,” Mark Baak of Privium Fund Management states.
More information: Marc van Voorst tot Voorst, +31 (20) 7085805

(press release)

About HFC
The Holland Financial Centre foundation is a joint public/private venture launched by a number of parties in the financial industry and the government, who have joined together to form a broad-based interest group. The objective of HFC is to develop initiatives aimed at preserving a strong, open, internationally competitive financial industry in the Netherlands, and to retain existing jobs in the industry and create new ones. Participants in the foundation, which was set up in 2007, include banks, brokers, pension funds and asset managers, as well as consultants, accountancy and legal firms, the Dutch government, the Authority for the Financial Markets (AFM), the Dutch central bank (DNB), and the cities of Amsterdam and The Hague. www.hollandfinancialcentre.com

Bg

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int