The Lonely One at York Capital Management

Event Driven York Capital 654 x 644

By Hedge Fund Insight staff A year ago the database of Hedge Fund Insight contained 26 entries for staff members of York Capital Management in London. That included most but not all of the professional staff. Since then a lot has changed. Credit Suisse announced last month it would be taking a $450m charge related to its […] 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 »

Today’s Top 5 Compliance Issues For Hedge Funds

By Martin Herriot, Managing Director at Newgate Compliance   It has been a challenging few years for the European hedge fund industry following the financial crisis and the European regulators attempts to revolutionise the regulatory regime for supervising the industry. From a UK compliance perspective we see the top issues falling under two headings – […] Read more »

FCA Rules Sensibly On Capital Requirements Under The AIFMD

From Kinetic Partners Andrew Lowin , Technical Director of Consulting at Kinetic Partners, the global professional services firm, comments on the FCA’s decision to give UK AIFM’s a reprieve on capital requirements under the AIFMD;   “The FCA has been working with the AIFM industry to better understand the impact of their Funds Under Management […] 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 »

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 »

Quotation of the Day

“The change of a single letter (in the name of the U.K.’s financial regulator from FSA to FCA)  will require the regulator to spend six months thinking about nothing but themselves.” Asset Management Practice Leader of City Law Firm Read more »

Spike In UK Regulatory Costs Coming

by DLA Piper and BDO   A new research report entitled ‘The new twin peaks model: A report on the financial services industry’s views on upcoming regulatory issues’ by DLA Piper and BDO has raised concerns about the impact of the new twin peaks structure, with the creation of the two new bodies – the […] Read more »