How Do US-Based Hedge Fund Managers Prepare for the EU’s AIFMD?

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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 »

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 »

HF Marketing – Impact of Alternative Investment Fund Managers Directive

By Selina Sagayam and Lauren Dunford of Gibson Dunn The FSA published the first part of its long-awaited consultation paper “CP 12/32 Implementation of the Alternative Investment Fund Managers Directive (“AIFMD“) Part 1” on the 12th of November.  Below is an extract about marketing and AIFs from Gibson Dunn’s alert. The alert also addressed valuation, […] Read more »

Most Frequently Shorted UK Shares

By Simon Kerr The FSA has been gathering information on the short positions held by investors for some time – it has been part of the Hedge Fund Survey for several years.  During the Credit Crunch a disclosure regime for significant net short positions in the stocks of UK financial sector companies was introduced, and […] Read more »

Increased powers over approved persons for the UK’s new regulators

By S.J. Berwin‘s Financial Markets Group The UK Government has embarked on a major reform of the UK financial services regulatory structure. Under the proposed changes the FSA will cease to exist in its current form, and three new bodies will be established:  (a) the Financial Policy Committee, (b) the Prudential Regulation Authority (PRA), and […] Read more »

How Effective Are The FSA/SFO And SEC At Handling Misconduct?


From Labaton Sucharow LLP A QUARTER OF UK AND US FINANCIAL SERVICES PROFESSIONALS HAVE KNOWLEDGE OF WRONGDOING IN THE WORKPLACE   New research from leading securities litigation law firm Labaton Sucharow LLP has today revealed the scale of misconduct and wrongdoing in the financial services workplace with 26 percent of industry professionals (UK: 30 percent, […] Read more »

AIFM, or the Dissolution of Hedge Funds in Europe


By Theodore Brailey   “The fort is betrayed, even of them that should have defended it. And therefore seeing the matter is thus begun, and so faintly resisted on our parts, I fear that we be not the men that shall see the end of the misery.” Saint John Fisher, d.1535 The European Council published the […] Read more »