COOConnect Summary of 2013: Part 2

Here is the second instalment of COOConnect’s five part series summarising the key events to impact hedge funds in 2013.

Alternative Investment Fund Managers Directive (AIFMD)

Posted on: 16 Dec, 2013
Posted in: Investors

Regulatory fragmentation is increasing, not decreasing, and costs are rising with it

The publication this week by the Securities and Exchange Commission (SEC) and four other Federal regulatory agencies of the final version of the Volcker Rule is a bludgeoning reminder of the parallel universe inhabited by regulators.

Posted on: 16 Dec, 2013
Posted in: Regulation

UK Treasury clampdown could hurt smaller managers

The UK Treasury’s clampdown on the use of corporate partnerships employed by limited liability partnerships (LLPs) could lead to hedge fund managers struggling to re-invest in their businesses.

Posted on: 09 Dec, 2013
Posted in: Regulation

US Bancorp Fund Services acquires Quintillion

US Bancorp Fund Services is to acquire Quintillion, the Ireland-based fund administrator, as mergers and acquisitions (M&A) in the sector continue.

Posted on: 21 Nov, 2013

Fund passport schemes in Asia could lead to diminished Ucits uptake

Asia’s embrace of Ucits could be challenged if various fund passport initiatives take off in the region.

Posted on: 05 Nov, 2013
Posted in: Regulation

SS&C GlobeOp seeks to launch depo-lite

SS&C GlobeOp is in the process of seeking regulatory approval from the UK’s Financial Conduct Authority to establish a “depo-lite” in what is likely to lead to more fund administrators following a similar route.

Posted on: 07 Oct, 2013

Growing interest in depo-lite model

INDOS Financial, the depositary oversight business, has submitted formal proposals to more than 35 funds with collective Assets under Management (AuM) of just under $10 billion, as interest in the depo-lite model continues to grow.

Posted on: 03 Oct, 2013

Start-ups advised against domiciling in Switzerland

Start-up hedge fund managers have been advised against domiciling in Switzerland amid the mounting regulatory costs in the country.  

Posted on: 02 Oct, 2013
Posted in: Launches

Remuneration rules could lead to US managers spinning out of EU hedge funds

AIFMD remuneration requirements could potentially lead to US-based portfolio managers of European hedge funds spinning out, according to industry experts.

Posted on: 17 Sep, 2013
Posted in: Regulation

ICSDs could be forced to use depositary's sub-custody networks in frontier markets

Issuer Central Securities Depositaries (ICSDs) sub-custody-ing the assets of AIFMs in higher-risk markets could be forced to use the sub-custody networks of depositary banks.

Posted on: 16 Sep, 2013
Posted in: Regulation


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