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Yves Coignard From Komfie Manalo, Opalesque Asia:
Hedge fund professionals agree that French regulations are very much appreciated in the country for their transparency and diligence. That was the statement given by Yves Coignard, chief CIO and co-founder of Volvar Asset Management in the latest Opalesque French Roundtable. Participants also believe that the French fund industry should aim for a wider audience by communicating in English, reduce the use of too many different fund vehicles, and decrease its use of UCITS format.
The France Roundtable took place in Paris last month and was sponsored by Lyxor Asset Management and Eurex.
However, Coignard contended that most foreign clients are not familiar with the different fund structures in France and are also concerned with tax issues. So Volvar is launching a new fund in Luxembourg because he said, they have to take into consideration their foreign clients’ point of view.
"There is also a language issue," Coignard said. He added, "Francois told me that he launched one of the first funds in France that has its memorandum in English [Francois Bonnin, head of quant asset management shop John Locke Investments, participated in the Roundtable]. Up until now, you were supposed to write your prospectus in French only. The wh...................... To view our full article Click here
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