Incisive Views from Professionals
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 »
“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 »
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 »
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 »
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 »
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 »
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 »
By Simon Kerr A couple of weeks back I joined in a presentation put on by PRMIA (The Professional Risk Managers International Association) at Imperial College, London. The sessions were on hedge funds and credit risk, and so I tapped into my experience as a risk manager in a single manager hedge fund and what […] Read more »