By Ole Rollag, Managing Principal of Murano Systems Ltd Chromic RSP will help investors access funds outside of the AIFMD scope and will potentially change the dynamics of fund distribution. Funds now getting mailed enquiries from investors via Chromic RSP will make the sales process very efficient and help investors discover funds that they are […] Read more »
AIFMD will reduce choice and increase costs for fund managers and investors, according to BNY Mellon survey
By Hedge Fund Insight staff New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive (AIFMD) requirements despite today’s first deadline for authorisation. BNY Mellon surveyed 70 respondents from Europe, Asia, the US and Latin America from companies with an accumulated […] Read more »
Strings Attached to Hedge Fund Ad Rule
By Stephen Bornstein, of Wall Street Counsel Getting ready to advertise your hedge fund or private equity fund when the new SEC ad rule goes into effect in a few months? Here are a couple of things you should know. First, you may not be able to charge performance fees to investors who merely satisfy the […] Read more »
Concerns for Managers in the Build-up to AIFMD
By Roger Ganpatsingh, Director, Throgmorton The 22nd July looms large in the eyes of the hedge fund community with implementation of the Alternative Investment Fund Managers’ Directive (AIFMD) almost upon us. With the drop-dead- date less than two months away, large swathes of the Directive’s requirements and consequences remain clouded by the mists of […] Read more »
Central Bank of Ireland joins Luxembourg in accepting AIFM applications
By Michael Jackson and Tara Doyle, partners in the Asset Management and Investment Funds Group at Matheson The Central Bank of Ireland has announced that it is accepting applications for the authorisation of alternative investment fund managers (AIFM). It is the second European regulator to do so and this move will enable Irish-authorised AIFMs to […] Read more »
SEC to Advisers: “Can You Hear Me Now?”
by Deborah Prutzman, The Regulatory Fundamentals Group LLC A little over a year ago the SEC warned advisers that the game has changed and that the agency would begin to use a risk-oriented, holistic approach to scrutinize senior managers and the control environment within their firms. Today, the warning sirens are growing even louder […] Read more »
SEC Preview Top Hedge Fund Enforcement Trends for 2013
By Perrie Michael Weiner, Patrick Hunnius and Stephanie Smith of DLA Piper In a recent speech* before the Regulatory Compliance Association, Bruce Karpati, Chief of the Securities and Exchange Commission’s Enforcement Division’s Asset Management Unit, suggested where the SEC may be heading regarding hedge fund oversight in the months to come. Mr. Karpati both […] Read more »
How Do US-Based Hedge Fund Managers Prepare for the EU’s AIFMD?
By Claire Cummings, of Cummings Solicitors Managers of hedge funds based outside the European Union who wish to either manage or market their AIFs (“Alternative Investment Funds” – “funds”) inside the EU, will need to begin planning and preparing as soon as possible for the implementation of AIFMD on 22 July 2013. AIFMs who intend […] Read more »
Review of Hedge Funds in 2012
By Charles Gubert, Editor of COOConnect Here is our take on what happened in 2012, and the clues we picked up as to what hedge fund COOs can look forward to over the next 12 months. In the spirit of the season, and to make it a bit harder for ourselves, we decided to restrict […] Read more »
AIFMD Level 2 Measures: New Year’s Resolutions for Alternative Asset Managers
By Tim Pearce and Ian Meade, Akin Gump Strauss Hauer & Feld LLP The European Commission (the “Commission”) has published the text of a proposed delegated regulation (the “Regulation”) that sets out the “Level 2” implementation rules in respect of the Alternative Investment Fund Managers Directive (the “AIFMD”). This article will be relevant to and […] Read more »