Thu, Jul 31, 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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass