Tue, Jul 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2014

SCOTSTONE COLUMN: AIFMD and poultry

AIFMD and Poultry Ian Hamilton

This column is authored by Ian Hamilton, who is the founder of IDS Group. IDS provides fund administration services in Africa and Europe through Malta. He is also the founder of Scotstone Investments, a company that has fund structures and services for global emerging new managers.

Talking to a number of smaller fund managers across Europe and the UK, I may be unkind with my poultry comparisons, but many of them are running around like headless chickens, or worse, burying their heads in the sand like ostriches.

Burying one's head in the sand in the months ahead is going to result in one's rump being exposed and AIFMD coming in with a kick where you do not want to be kicked. Regulators are rubbing their hands in glee and cannot wait to bring the axe down on fund managers who have not complied with the requirements. Also, Institutional investors and asset allocators are going to exit from funds not compliant. They are already asking questions about how AIFMD compliant is the fund.

So what are the options?

Getting an asset manager's house in order to meet the AIFMD requirements is difficult and costly. Smaller investment houses simply cannot afford the costs of extra staff to meet reporting requirements. Quite a bit can be outsourced to the host of new service providers that are springing up offering a variety of outsource services. However, many new service providers are untried, untested and may also not know what is required so this can be a costly exercise if the right service providers are not engaged in the first place.

Another alternative is for smaller companies to merge with other companies who ar......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. The Big Picture: Party like it's 2007? Maybe not[more]

    Benedicte Gravrand, Opalesque Geneva: Are we on the verge of another crunch and partying unaware (bringing to mind Prince’s "1999" song). Some think that today’s financial environment – especially stock markets

  3. Long-only hedge funds hold key to emerging markets[more]

    From Risk.net: Addressing common institutional approaches to long-only emerging markets allocations, hedge funds are less volatile and produce higher returns than mutual funds or ETFs. Since the 2008 financial crisis, investors have flocked to emerging markets (EMs) for return generation as develope

  4. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  5. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend