Thu, Jul 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA publishes new guides for hedge fund managers who want to comply with AIFMD

Thursday, April 17, 2014
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published a new set of practical guides for hedge fund managers wishing to comply with the Alternative Investment Fund Managers Directive (AIFMD).

The new guides cover three of the most important EU jurisdictions for the industry - the UK, Ireland and Luxembourg - and build on the generic AIFMD implementation guide that AIMA published in January 2013.

The new guides are intended to help managers understand how the AIFMD as implemented in the UK, Ireland and/or Luxembourg will impact their business and set out some of the strategic and operational choices that they face in order to respond to and comply with the AIFMD as transposed into national law in those countries.

The UK guide, AIMA said, is targeted at managers either already present in the country or considering establishing a business there, while the Irish and Luxembourg guides are perhaps most relevant to managers considering setting up funds in those jurisdictions.

The Irish guide was produced jointly by AIMA and the Dublin office of Maples and Calder, the international law firm, while the Luxembourg guide was a production of AIMA and Elvinger, Hoss & Prussen, the Luxembourg law firm.

Jack Inglis, AIMA CEO, said: “We hope that these practical guides for the UK, Ireland and Luxembourg improve managers’ understanding of what they need to do in order to establish a business or fund in those locations.

“Ever since the level II text of the AIFMD was agreed in 2011, AIMA has played a leading role in helping the industry meet the challenge of complying with the AIFMD. AIMA’s generic implementation guide helped the industry better understand the basic requirements of the AIFMD across the EU as a whole, but it is only now, with the July 2014 implementation deadline approaching, that we have a clearer picture of how the AIFMD will be applied in some of the most important EU jurisdictions for our industry.”

Peter Stapleton, Partner, Maples and Calder, said: “We have been tracking the development of the AIFMD and advising our clients and their international counsel on the impact of the AIFMD across their Irish, Cayman Islands and BVI structures since the first draft texts were published almost five years ago. During that time we have seen particular interest in the co-domiciliation of international fund structures and the increasing use of Irish vehicles for management and marketing in the EEA. We are therefore delighted to partner with AIMA in producing the Irish guide. As we enter the key implementation phase for the AIFMD, with the first transitional periods expiring, the Irish guide will be an extremely valuable tool for all market participants, providing a clear and accessible overview of strategic options in Ireland and a wide range of opportunities for dealing with the AIFMD.”

Jérôme Wigny, Partner at Elvinger, Hoss & Prussen, said:“Luxembourg’s implementation of the AIFMD will be of particular interest to AIF managers worldwide who keep the evolution of the Luxembourg landscape under close scrutiny. This guide should prove to be a very useful tool for both managers and the wider hedge fund community alike. Although the AIFMD will open up new marketing horizons to AIF managers, it inscribes itself within a wider global trend of increased legal and regulatory complexity in the financial sphere. We are honoured to collaborate with AIMA on this guide.”

The implementation guides can be downloaded on this page of the AIMA website: www.aima.org/en/aifmd/implementing-aifmd

The guides themselves are available only to AIMA members.

Press release

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe