From KPMG The Financial Conduct Authority’s eagerly awaited final guidance on the AIFMD (Alternative Investment Fund Managers Directive) remuneration regime has been published. The guidance sets out how the AIFM Remuneration Code should be interpreted and applied by alternative investment fund managers. Dan Roman, UK head of hedge funds at KPMG, commented: “The guidance […] Read more »
Five Hedge Fund Surprises For 2014
By Donald A. Steinbrugge, CFA, Managing Partner Agecroft Partners Each year, Agecroft Partners predicts the top hedge fund industry trends through their contact with more than 2,000 institutional investors and 300 hedge fund organizations. Because the hedge fund industry is very dynamic and constantly changing, it is important for firms to anticipate what changes are […] Read more »
Hedge Funds Need To Submit AIFM Applications To the FCA Well In Advance
By Anthony Rawlins, Compliance Manager at Moore Stephens We have recently had an update on the Alternative Investment Fund Managers Directive (AIFMD) transitional arrangements. While the deadline extension is good news for those firms that have yet to prepare their AIFM variation of permissions, this development should not be viewed as a disincentive to act […] Read more »
Should Hedge Funds Embrace an AIFMD KIID?
From Mario Mantrisi, Chief Strategy and Research Officer at KNEIP The Alternative Investment Fund Management Directive (AIFMD) is just around the corner and hedge funds have been faced with adapting to regulation that is significantly changing the way they do business. Transparency reporting has been a particular hurdle to pass as hedge funds have […] Read more »
Financial Conduct Authority Guidance on AIFM Directive Remuneration Provisions
By Dechert LLP The UK Financial Conduct Authority (FCA) released proposed guidance on 6 September 2013 on its implementation of the remuneration provisions in the AIFM Directive (the AIFM Remuneration Code) for UK alternative investment fund managers (AIFMs). Investment managers taking advantage of the transitional period will need a compliant remuneration policy in place by […] Read more »
Murano’s Chromic RSP Helps US Hedge Funds Comply With AIFMD’s Reverse Solicitation Requirements
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 »
FACTA and AIFMD Constraining Smaller Hedge Fund Manager Growth
By Peter Douglas, GFIA We recently were asked to source a shortlist of established, differentiated, Asian boutique hedge funds, for a distribution company. The deal between the distribution company and the funds, if concluded, would be that the distribution company would make introductions to European institutions, in return for a fee share. We anticipated that […] 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 »
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 »