Thu, Nov 26, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega