Brexit – The End Game & Solutions For Funds

By Marco Boldini, head of financial services regulatory (asset management) – legal, and Robert Mellor, partner in the private equity funds team at PwC   With the announcement of the UK government’s proposals for a future UK-EU Partnership for Financial Services in July, the UK appears no longer to be seeking mutual recognition of regulatory […] Read more »

Making Tax Digital: Looming Deadlines And Next Steps

Strategic 4

By Kamlesh Chauhan, Senior Manager – VAT, haysmacintyre   Making Tax Digital (MTD) will fundamentally change and modernise the administration of the UK tax system, starting with VAT which is set to be implemented from 1 April 2019.   Who does it apply to? All entities that are mandatorily VAT registered will be subject to […] Read more »

Hedge Fund Returns Hit As Rule Changes See Margin Costs Skyrocket

By Hedge Fund Insight staff   Unintended consequences of convoluted regulations are hindering hedge fund managers from boosting returns for their investors. According to findings from analytics firm OpenGamma, hedge funds can now be charged an eye watering 70% additional margin because of regulatory changes, destroying returns as a result. A staggering cost to absorb, particularly […] Read more »

Current UK Legal and Regulatory Issues for US Fund Managers

From Claire Cummings, of Cummings Law     Introduction The two major topics for US managers wishing to manage or market funds in the UK from a legal and regulatory perspective are currently MiFID II and the AIFMD. Although the rules of both Directives generally apply to EU managers based in the EU, they are likely […] Read more »

Besides Greed, What Motivates Insider Traders?

By Andrew Snyder, Executive Coach   Scott London, a senior partner at a Big 4 accounting firm, shared inside secrets to help a buddy in a tight financial spot. After following the rules for 26 years, why would he commit fraud? Insider traders — mostly males — do it for the money, of course, but they’re also […] Read more »

MiFID II is a regulatory barrier to innovation says Linedata

By Patricia Regnault, Europe head of asset management at Linedata   Linedata responds to interim findings in the FCA’s Asset Management Market Study around barriers to entry, innovation and technological advances, ahead of next week’s (20 February) deadline for feedback:   Increases in the overall burden of regulation presents an ongoing barrier for those asset management […] Read more »

How to Make Hedge Fund Side Pockets Work for Investors and Managers

By Evan Judd, Director of Bell Rock Group Side pockets are a useful portfolio management tool that have been around for a number of years, and offer measurable benefits to both investors and hedge fund managers. However, there are also some notable drawbacks as well as possibility for abuse that demand recognition before considering its […] Read more »

Implications of the New FINRA Registration Requirement for Algorithmic Traders

By by Brian T. Daly, Julian Rainero, David S. Sieradzki, William J. Barbera and Derek N. Lacarrubba of Schulte Roth & Zabel LLP   On April 7, 2016, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority’s proposed amendments[1] to NASD rule 1032 (Categories of Representative Registration).[2] These amendments will require FINRA members […] Read more »

Cayman’s Share of World Hedge Funds Shrinks, Particularly For New Funds

By Hedge Fund Insight staff   Recent data releases from Eurekahedge show the increasing significance of onshore hedge funds, and the consequent relative decline of hedge funds registered offshore. Year by year Cayman Islands registered hedge funds took less share of the domiciles of funds launched.  This trend accelerated post 2008 to the extent that […] Read more »