Mon, May 29, 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 - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  2. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  3. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  4. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio

  5. Outlook - Iconic hedge fund manager Seth Klarman says investors are missing huge risks, Paul Singer warns of a world at risk[more]

    Iconic hedge fund manager Seth Klarman says investors are missing huge risks From Businessinsider.com: An iconic hedge fund manager says investors are misperceiving risks in the markets - at a time when markets are hitting historic highs. Baupost Group's Seth Klarman laid out his concern