Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers April 2014

SERVICERS' SPOT:Views from service providers on approaching AIFMD implementation

Smaller hedge funds must ready for AIFMD shock Ian Hamilton

Hedge fund startups could come to Malta where it is cheaper to set up, the heads of IDS Group and Scotstone Investments suggested during a recent Opalesque TV interview with Matthias Knab, and all small funds have to get ready for the upcoming implementation of the EU's AIFM Directive – either through merging or partnering with the right company. A lot more buck for your money in Malta

Malta has the same infrastructure as its European domicile counterparts Dublin or Luxembourg, but "one of the biggest advantages (of Malta) is the absolute approachability of the Malta Financial Services Authority," says Ian Hamilton during the interview. "They are very keen to work with foreign companies coming into the country."

Since its accession to the European Union in 2004, Malta has issued 400 investment services licenses. The Mediterranean island was also awarded 'Most favoured domicile in Europe' in Hedge Fund Service Provider rankings 2013 by Hedge Funds Review.

Funds looking to domicile in a European jurisdiction will find that in Malta, they can get a lot more value for their money for the services, Hamilton continues. "The legal services are excellent, the law that is used in the financial services here is English law so it's pretty understandable. It's well practiced here, your regulations are the same as what you will have in the other jurisdictions. But it's a lot easier with the infrastructure to actually get set up."

It is easier but it is also cheaper than in Luxembourg or Dublin to set up, so administrators are able to accept more small funds, he adds. "The other two jurisdictions are reaching up points where they become very fussy as to what f......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner