Legal

FSA will claim scalps following its "Dear CEO" letter, warns investor

The UK Financial Services Authority (FSA) is likely to claim several scalps in the asset management industry following its “Dear CEO” letter last month, a senior operational due diligence expert warned, speaking under Chatham House Rules at a hedg

Posted on: 06 Dec, 2012

Offsetting Form PF costs to funds likely to prompt greater investor transparency demands

Managers offsetting Form PF costs to their funds could face greater pressure to supply investors with copies of the document, a leading US law firm has warned.

Posted on: 05 Dec, 2012

US unlikely to meet new FATCA deadline, warns EFAMA

US authorities could yet struggle to meet the delayed FATCA deadline, the European Fund and Asset Management Association (EFAMA) has warned.

Posted on: 03 Dec, 2012

ESMA policy opinion on Ucits could prompt further clampdown

ESMA has issued a policy opinion which could prevent Ucits funds investing into hedge funds in what might herald a clampdown on Ucits investing in esoteric or illiquid products.

Posted on: 03 Dec, 2012

Bloomberg Start-up Hedge Fund Conference London 2012: Key Points

Bloomberg Hedge Fund Start-up Conference 2012

 

$2.19 trillion      -      Total capital invested in global hedge fund industry (Hedge Fund Research)

Posted on: 29 Nov, 2012

Banks need to be more transparent on eurozone crisis

Banks need to be more forthright with buy-side clients about the operational implications of a eurozone country (or countries) exiting the single currency or common market.

Posted on: 28 Nov, 2012

Extension to CFTC registration deadline highly likely for funds of funds

Funds of funds are likely to be given an extension to CFTC registration amid concerns that many organisations are still struggling to identify whether they can claim the Regulation 4.13(a)(3) exemption.

Posted on: 23 Nov, 2012

ALFI Luxembourg 2012: A Summary

Here are some of the key points from ALFI, which took place in Luxembourg between November 20 and 21.

Posted on: 22 Nov, 2012

ALFI Luxembourg: AIFMD Level 2 stance on cash flow monitoring alarms depositaries

AIFMD Level 2 requirements forcing depositaries to “implement” cash flow monitoring will seriously ramp up costs and could prove nigh on impossible to enact for certain strategies, experts at BNY Mellon and BNP Paribas have said at the ALFI Confer

Posted on: 21 Nov, 2012

Managers still unaware of CFTC marketing restrictions

Concerns are mounting that few managers are aware they cannot take advantage of the JOBS Act's eased marketing and advertising restrictions if they claim the exemption to CFTC registration under Rule 4.13(a)(3).

Posted on: 15 Nov, 2012

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