Sign up for free newsletter

 

Europe

St Modwen and Glenfinnan secure consent for gas-fired CCGT power station

Fri, 22/07/2016 - 12:21

Meaford Energy, a 50/50 joint venture between St Modwen Properties and Glenfinnan, has secured a development consent order (DCO) for a GBP300 million combined-cycle gas turbine (CCGT) power station with a generating capacity of up to 299 MWe. »

Extending the AIF marketing passport to non-EU countries crucial for investor choice, says Invest Europe

Extending the AIF marketing passport to non-EU countries crucial for investor choice, says Invest Europe

Wed, 20/07/2016 - 09:04

This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe. »

ESMA advises on extension of funds passport to 12 non-EU countries

ESMA advises on extension of funds passport to 12 non-EU countries

Tue, 19/07/2016 - 13:03

The European Securities and Markets Authority (ESMA) has published its advice regarding the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and AIFs in 12 countries. »

Luxembourg approves Reserved Alternative Investment Fund vehicle

Luxembourg approves Reserved Alternative Investment Fund vehicle

Fri, 15/07/2016 - 08:00

The law introducing a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF), has been approved by the Luxembourg Parliament and will come into force three days after publication in Luxembourg’s Official Gazette Mémorial.   »

Andrew Whittaker

Guernsey ready for third country AIFMD passport

Thu, 07/07/2016 - 15:11

On 30 June 2016, the European Securities and Markets Authority ('ESMA') is expected to announce further details on the timing and the composition of the third country passport for the first wave of countries that include Guernsey, Jersey and Switzerland. This follows ESMA's announcement last summer that Guernsey had demonstrated the ability to satisfy the criteria required under AIFMD.  »

Daniel Maycock

Brexit unlikely to impact outsourced AIFM model for UK AIFs

Thu, 07/07/2016 - 15:02

For start-up managers wishing to run an onshore European AIF, the compliance and regulatory complexities might, at first glance, appear overwhelming. There are significant reporting obligations under Annex IV and regulatory capital considerations, whilst risk management is far broader in scope, extending into every facet of a fund manager's operations. »

European flags

Chapter 2: Regulations & compliance

Thu, 07/07/2016 - 14:57

Such is the complexity of the regulatory landscape in Europe that it is enough for any new start-up manager to resemble Edvard Munch's `The Scream'. Alongside the Markets in Financial Instruments Directive (MiFID), is the Alternative Investment Fund Managers Directive (AIFMD) and just to add to the complexity, MiFID II is scheduled to go live in 2018.  »

Gerben Oldekamp

The Netherlands - A cost efficient option for start-up managers

Thu, 07/07/2016 - 14:46

Whilst the Netherlands might not be foremost when people think about choosing their preferred European jurisdiction, there are many advantages it has to offer. The Dutch regulator, the Authority for the Financial Markets ('Autoriteit Financiële Markten', or 'AFM'), is proactive, swift at processing licenses for full-scope AIFMs, and easy to approach if the manager has anything that needs clarifying.  »

Donnacha O'Connor

Irish ICAV continues to gather momentum

Thu, 07/07/2016 - 14:42

Since the Irish Collective Asset Management Vehicle (ICAV) came into effect on 18 March 2015, more than 157 vehicles had been authorised by the Central Bank of Ireland (through March 2016), according to the latest statistics released by Irish Funds, the representative body for Ireland's cross-border investment funds industry. In total, these funds have more than EUR8.4bn in AUM and have attracted net positive inflows every single month.  »

Passports

Passporting post Brexit

Thu, 30/06/2016 - 09:29

In the wake of last week’s referendum result, there are obviously a number of questions regarding regulation and passporting. Bobby Johal, Managing Consultant, Cordium, comments… »

AIFMs welcome ‘flexibility of NPPR’ when accessing Europe

AIFMs welcome ‘flexibility of NPPR’ when accessing Europe

Thu, 11/02/2016 - 08:52

National private placement regimes (NPPR) continue to offer the flexibility and ease of access for marketing into Europe that appeal to fund managers, a London funds audience has heard. »

Kenneth Farrugia, FinanceMalta

Malta - Professional Investor Funds gain traction

Thu, 17/12/2015 - 21:37

Malta has come a long way as a fund jurisdiction since it joined the EU in 2004. Through June 2015, Malta had 146 licenced entities holding Category 1A (advisory), Category 3A and Category 4A licences. In terms of growth trends, one interesting observation is that the number of retirement schemes being established in Malta is on the rise. There are 35 such retirement schemes currently, compared to 11 in 2013. In addition, Malta is home to some 14 retirement scheme administrators, illustrating that the international pensions space is gaining traction.  »

Dominic Wheatley, Gurnsey Finance

Guernsey - Demonstrating clear value for fund managers

Thu, 17/12/2015 - 21:34

Guernsey's funds industry is demonstrating clear value to fund managers and is increasingly being viewed as a world-leading jurisdiction in which to establish investment funds; in particular hedge funds and private equity funds. »

Philip Canessa, Gibraltar Finance

Gibraltar - Onshore European option for managers using AIFMD

Thu, 17/12/2015 - 21:29

Gibraltar is a peninsula located on the southern tip of Iberia and is home to 32,000 people. It is the only British jurisdiction located in continental Europe. For managers, particularly those based in the UK, who are searching for options on where to establish an AIF, and indeed an AIFM, to comply with the AIFM Directive, the fact that Gibraltar is an English-speaking peninsula, uses Sterling as its currency, and has a legal system based on English common law, makes it highly appealing.  »

Derbhil O'Riordan, Dillon Eustace

Ireland - Europe’s leading hedge funds jurisdiction

Thu, 17/12/2015 - 21:23

Dillon Eustace is one of Ireland's leading law firms focusing on corporate and M&A, financial services, banking and capital markets, litigation and dispute resolution, real estate, insurance and taxation. Headquartered in Dublin, Ireland, the firm's international practice has seen it establish offices in Tokyo, New York, Hong Kong and the Cayman Islands. »

Crestbridge receives Jersey ‘ManCo’ licence and bolsters funds team

Crestbridge receives Jersey ‘ManCo’ licence and bolsters funds team

Wed, 18/11/2015 - 09:04

Crestbridge in Jersey has been approved by the Jersey Financial Services Commission (JFSC) to provide Management Company (ManCo) solutions to Jersey funds, adding further to its offshore and onshore alternative fund servicing and management capabilities. »

Denise Voss, ALFI

Luxembourg’s service providers focus on AIFM solutions

Fri, 23/10/2015 - 11:41

One of the biggest challenges of AIFMD is that it directly impinges on investment activities at the manager level, as opposed to the fund level under the UCITS IV framework. This has required a shift in mindset, not just for managers, but also fund authorities in well-established fund jurisdictions such as Luxembourg.  »

Alan Picone, Kinetic Partners

A future centre of substance for AIFMs

Fri, 23/10/2015 - 11:31

Luxembourg has carved out a significant position as Europe's leading onshore fund domicile over the last 20 years. This has largely been based on the popularity of UCITS funds, and the fact that the UCITS brand is now one with genuine global investor appeal.  »

Cortland granted FCA authorisation

Cortland granted FCA authorisation

Wed, 07/10/2015 - 14:49

Cortland Capital Market Services has received authorisation from the Financial Conduct Authority (FCA) to perform regulated activities vital to the company's client base of investment managers and commercial lenders. »

Guernsey extends market access to EU countries under AIFMD

Guernsey extends market access to EU countries under AIFMD

Thu, 10/09/2015 - 15:42

Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey. »

CREFC Europe calls for data and evidence based approach from regulators in response to EBA’s consultation on ‘slotting’

CREFC Europe calls for data and evidence based approach from regulators in response to EBA’s consultation on ‘slotting’

Fri, 14/08/2015 - 10:37

The Commercial Real Estate Finance Council Europe (CREFC Europe) has highlighted two primary concerns over the European Banking Authority’s (EBA) draft Regulatory Technical Standards (RTS) on assigning risk weights to specialised lending exposures (SLEs). »

EU confirms Guernsey endorsement

EU confirms Guernsey endorsement

Mon, 10/08/2015 - 12:57

The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels. »

INREV urges relaxation of EMIR requirements for real estate fund managers

INREV urges relaxation of EMIR requirements for real estate fund managers

Mon, 10/08/2015 - 12:42

INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has called on the European Commission to consider steps to reduce the complexity and cost of the European Market Infrastructure Regulation (EMIR) for real estate fund managers. »

Bermuda fully committed to EU funds passport approval

Bermuda fully committed to EU funds passport approval

Wed, 05/08/2015 - 07:34

Bermuda remains fully committed to the process of qualifying under rules set out by the European Union for third-country rights for Island-based alternative fund managers. »

ESMA advises on extension of AIFMD passport to non-EU jurisdictions

ESMA advises on extension of AIFMD passport to non-EU jurisdictions

Thu, 30/07/2015 - 14:05

The European Securities and Markets Authority (ESMA) has published its Advice in relation to the application of the AIFMD (Alternative Investment Fund Managers Directive) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) and its Opinion on the functioning of the passport for EU AIFMs and the national private placement regimes (NPPRs).  »

announcement

European real estate urges EBA to reconsider shadow banking rules

Mon, 29/06/2015 - 07:30

The European real estate industry has expressed concern over draft European Banking Authority (EBA) guidelines that could both limit how much banks can lend to real estate and lead to real estate funds being inappropriately caught by future shadow banking regulations. »

John Seo, Fermat Capital Management

Cat bonds – issuance, yields and what’s to come

Mon, 13/04/2015 - 12:46

Dr John Seo (pictured), Co-Founder and Managing Principal, Fermat Capital Management on the UK government’s plans for tax legislation allowing cat bonds to be issued from and domiciled in the UK… »

barred

City Noble calls on a ban for DB to DC transfers

Mon, 30/03/2015 - 13:23

There has been speculation that defined benefit transfer volumes will increase after April as clients seek to take advantage of the new flexibility, says Eamonn O’Connor, Director at City Noble… »

Rolf Bachner, Managing Director, EMEA Funds Product Manager, BNY Mellon

UCITS V fine tunes investor protection

Thu, 19/03/2015 - 11:37

Rolf Bachner (pictured), Managing Director, EMEA Funds Product Manager, BNY Mellon, commenting on the new UCITS V regulations… »

Luxembourg

CORESTATE Capital now offers AIFM-certified investment vehicles

Mon, 16/02/2015 - 09:00

CORESTATE’s Luxembourg-based subsidiary CORESTATE Capital Fund Management has obtained a license to operate as an alternative investment fund manager (AIFM) from the Luxembourg Financial Sector Supervisory Commission (CSSF).  »

events
6 weeks 1 day from now - New York
7 weeks 1 day from now - Los Angeles
7 weeks 1 day from now - Hong Kong
7 weeks 6 days from now - New York
7 weeks 6 days from now - Monte Carlo
listingsdirectory
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications