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Editor's Note
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France is the second largest savings market in the world, right after the U.S. A real strength of the French market is the diversity of the industry and the number of entrepreneurial asset managers. Of the approximately 600 asset managers in France, two-thirds are small and medium sized, and some 30 asset managers are created and authorized each year. By the July 22nd 2014 deadline for implementing the AIFMD, the French regulator AMF expects to have 350 registered Alternative Investment Fund Managers (AIFMs.) in the country.
As a result of the Alternative Investment Fund Management Directive (AIFMD), most of the service providers have increased prices. Some smaller firms have decided to change service providers in order to react and cut costs. While European fund managers certainly appreciate the benefits of their European passport for cross-border marketing, tax issues remains as their most prominent concern, and probably the last hurdle to distribution in countries like the U.K. and Germany. Nevertheless, over time AIFs could potentially become as popular as UCITS both inside and outside of Europe.
Investors should be aware that European hedge fund managers don’t just only launch UCITS or Alternative Investment Funds (AIFs): according to ERAAM, European single hedge fund managers also launched 83 Cayman funds in 2013. However 89% of the AUM was within nine funds - certainly a very high concentration. New investor groups like U.S. based pension funds and others have started to discover European opportunities, offered by European managers, in sectors as diverse as:
- European equities
- European corporate credit and loans
- New fields like financial credit or in the management of liquidity buffers (HQLA)
- Smart Beta 2.0
- Securitization
- European distressed
- Investments with longer durations like real estate, infrastructure and infrastructure debt.
The Opalesque 2014 France Roundtable discusses those opportunities in-depth. The Roundtable was sponsored by Lyxor and Eurex and took place June 3rd 2014 at the Paris office of Lyxor with:
- Natasha Cazenave, Head of the Asset Management Regulation Division, AMF
- Denis Beaudoin, CEO, Finaltis
- Olivier Kintgen, CIO, Eraam
- Antoine Rolland, CEO, New Alpha Asset Management
- Fabrice Dumonteil, CEO, Eiffel Investment Group
- Paul Beck, Executive Director, Eurex / Deutsche Boerse Group
- Christophe Baurand, Head of Alternative Investments, Lyxor Asset Management
The participants also discussed:
- What are the two opportunities European incubators see coming out of regulations?
- Why do European incubators love Asian managers?
- Who is driving the strong momentum of UCITS funds?
- What is the opportunity in long-term and SME financing?
- How European Market Infrastructure Regulation (EMIR) can lead to less risk and reduced costs
- What is the road to success for an emerging manager? Which mistakes can be avoided?
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Derivatives Forum 25-26 Feb., Congress Center Messe Frankfurt
Derivatives Forum Frankfurt is the leading European event focused on trading and clearing for derivatives across asset classes with more than 1,500 participants joining for two days of insightful content and exceptional networking opportunities.
With thought leadership insights, industry debates, keynote speeches and on-site networking opportunities, the Derivatives Forum Frankfurt becomes your key destination to meet and network with peers and customers with sessions covering:
- Markets & Regulation
- Derivatives & Portfolio Management
- Liquidity & Collateral Management
- Technology & Digital Assets
- Sustainability & Energy
- and more Deep Dive Sessions: Don't miss "Europe's Defense, AI & Quantum Computing - Forces Shaping Markets" panel on Feb. 25th 3:05 pm, moderated by Opalesque's Mathias Knab.
This year you will be able to join either in Frankfurt - and take full advantage of exclusive networking opportunities - or view selected slots on a virtual platform:
Agenda: https://home26.derivativesforum.eurex.com/#E09EE4
Registration:
https://redeemvoucher26.derivativesforum.eurex.com/#rsvp redeem voucher Opalesque-DFF for free registration
Hotel options: https://eventinfo26.derivativesforum.eurex.com/#E0422C
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Reuters Events: Investment London June 16, Convene Sancroft
On June 16th, 2026, Reuters Events will host Investment London - a one-day, high-impact gathering of over 300 asset owners, asset managers, and private capital leaders. This is not another finance conference - it's a curated environment for LP-GP matchmaking, strategic learning, and capital deal flow.
- 60% LP Audience: A uniquely controlled room designed around institutional investors to maintain trust, quality and relevance across the entire event - 60% LPs ($5 trillion AUM represented); 25% GPs; 15% Service Providers.
- Curated 1:1 Meetings: Pre-scheduled introductions with the partners that matter to you.
- Reuters-Backed Credibility: Global reach, proprietary insights, and the trust of the Reuters Events network will ensure we deliver a content-led, rather than sales-led, experience.
- Premium, Content-First Experience: Tailored formats to ensure valuable and authentic discussions on private equity, private credit, real assets, infrastructure, AI and fund operations.
- Capital Connector Live: Rapid-fire pitches & feedback: Explore what truly resonates with LPs, helping GPs refine their value proposition and LPs benchmark emerging approaches. With Opalesque's Matthias Knab as part of the judging panel.
With 60% of our audience being LPs, our credibility is our community with C-level executives from USS, NEST, Railpen, Ontario Teachers, and many more attending! More: https://events.reutersevents.com/investment/investment-london
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| AlternativeSoft's Laurent Favre on the Future of Fundraising: AI, Avatars, and a Click to Invest |
“In five years, all will be done with AI.”Raising capital is one of the biggest challenges for hedge fund managers, while discovering and analyzing promising small to mid-sized funds is a time-consuming task for allocators.AlternativeSoft, a platform trusted by 150 institutional clients ...
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Interested in featuring your firm here? Contact us
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| Technical Research Briefing |
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S&P FUTURES (@ES) – Daily
Currently: Long Looking to: Sell @ 4,118.75
As of 3/21/21 @ 7:58pm EST: 3,896
LAST WEEK: We suggested buying dips to 3,875 with stops on a close below 3,840 and with a target for selling longs / getting short at 4,118.75.
UPDATE: S&P futures had a terrible day Thursday and limped into the weekend. Right now, we put possible short-term ceilings at 3,918 or 3,950. If 3,918 holds as short-term resistance, we will look for a dip in the ES futures to 3,818 – 3,820. If 3,950 is tested and holds as resistance instead, we will look for a dip to 3,848 – 3,850 to follow. After this bounce and subsequent dip, we will be buying S&P futures aggressively (unless evidence presents itself that forces us to change our opinion) near one of those support levels.
We would look to buy dips to either 3,849 or 3,818.50 with stops honored on a close below 3,847 and 3,815, respectively. The upside target for either entry will be 4,119. NO SHORTING RIGHT NOW!
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