Fiona Le Poidevin, Guernsey Finance

Guernsey – AIFMD answers to be found here

By Fiona Le Poidevin, Guernsey Finance – Guernsey has been on the front foot throughout the conception, development and implementation of the Alternative Investment Fund Managers Directive (AIFMD). »


Aaron Payas, Hassans

Gibraltar – Flexibility and speed to market

Gibraltar has taken a clever approach to ensuring that the Alternative Investment Managers Directive (AIFMD) is as appealing as possible to managers looking to launch AIFMD-compliant funds across Europe. It is, in short, the most cost-efficient jurisdiction, whilst its Experienced Investor Fund (EIF) offers managers one of the fastest routes to market. »


Paul Govier, Maples & Calder

The Cayman Islands – End of transitional period

By Paul Govier (pictured) & Harjit Kaur – The European Alternative Investment Fund Managers Directive (“AIFMD”) introduces a new regime governing the management and marketing of alternative investment funds (“Funds”) in the EU. The transitional period for the implementation of the AIFMD expires on 22 July 2014, and from this date Cayman Islands Funds (“Cayman Funds”) may only be marketed in the member states of the EU in compliance with the requirements of the AIFMD, unless a relevant exemption applies. Different marketing regimes will apply from the end of the transitional period to 2018 and beyond. »


Tim Clipstone, Maples & Calder

The British Virgin Islands – AIFMD one year on

By Tim Clipstone (pictured) & Jill Shaw, Maples & Calder – It has been almost a year since the Alternative Investment Fund Managers Directive (“AIFMD”) was due to be implemented by the member states of the European Union (the “Member States”) on 22 July 2013 and a number of Member States have yet to enact legislation to transpose AIFMD while others, including the United Kingdom, Ireland and Luxembourg, enacted transitional provisions which gave managers of alternative investment funds one year, until 22 July 2014, to determine what steps, if any, need to be taken to ensure compliance with the provisions of AIMFD. »


Gary Kaminsky, ConceptONE

The role of the CCO in a highly scrutinised global regulatory environment

By Gary Kaminsky, ConceptONE – It seems almost daily that regulators on both sides of the pond remind the industry of the importance of compliance and their high expectations of the individuals charged with managing the risks associated with operating an asset management company in the current environment. »


Mike Hughes, Deutsche Bank

Prime broker relationships remain key

Last year there was considerable angst and uncertainty among hedge fund managers. Central to their concerns was the impact appointing an independent depositary under AIFMD would have on their existing prime brokerage relationships. Twelve months on, however, and much progress has been made to alleviate these fears, with Mike Hughes (pictured), Global Head of Fund Services at Deutsche Bank, referring to the period as a ‘game of two halves’ (in World Cup parlance). »


Sunil Gopalan, GFM Limited

Global Fund Media Guide to AIFMD 2014

The publication of the Global Fund Media Guide to AIFMD 2014 is timed to coincide with the 22 July 2014 date by which AIFMs are required to submit their applications for authorisation to their relevant competent authorities in compliance with the Alternative Investment Fund Managers Directive. »


Beta

Smart beta is here to stay, says Russell survey

Some 32 per cent of institutional asset owners currently have smart beta allocations, while more than half of those expect to increase their allocation, according to a survey by Russell Investment’s index business. »


China flag

Market Vectors ChinaAMC A-Share ETF to release CGT reserve back to ETF

Market Vectors ChinaAMC A-Share ETF (PEK) will release its capital gains tax (CGT) reserve back to PEK as of market close on 26 June 2014. »


ETFs

Active ETFs remain on growth trajectory in 2014, says SEI study

Actively managed exchange-traded funds (ETFs) have seen significant growth in the number of products offered and assets under management over the past year and continue to gain popularity, according to a study by SEI. »


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