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Malta Hedge Fund Services 2014

Wed, 08/10/2014 - 10:26

Malta's fund services business continues to grow rapidly, driven by increased interest from asset managers setting up AIFMs and prudent regulation such as the PIF regime that is also proving popular with non-EU managers

The 'Malta Hedge Fund Services 2014' special report comprises 1 separate articles listed below, these can be read individually or as a sequence.
Kenneth Farrugia, Finance Malta

Malta beginning to see AIFM cluster formation

Wed, 08/10/2014 - 10:38

“What we are seeing under AIFMD is increased interest in asset managers using Malta as a domicile for the setting up of AIFMs,” observes Kenneth Farrugia (pictured), Chairman of FinanceMalta. »


Malta’s PIF regime proves popular with non-EU managers

Wed, 08/10/2014 - 10:42

Retaining its Professional Investor Funds (PIF) regime is possibly the single biggest development for Malta in recent memory. The island is now home to over 600 MFSA-authorised hedge funds and whilst a number of those are now being transitioned into AIFs to comply with the AIFMD, the fact that small and emerging managers can choose whether to run de miminis funds outside the scope of the directive cannot be underestimated. »

Kevin Caruana, Custom House Global Fund Services

Choosing the right fund structure in Malta

Wed, 08/10/2014 - 10:46

For emerging managers, the fact that Malta retained its PIF regime alongside the new AIF fund regime means that a number of fund structuring opportunities now exist. »

Laragh Cassar, Camillieri Preziosi

Loan funds – a compelling opportunity

Wed, 08/10/2014 - 11:00

For a number of years, it has been practically impossible for funds to grant loans to third parties unless done on a one-off basis. Potential loan funds have, until now, not considered Malta. »

Robert Higgans, MFSA

The AIFMD transition in Malta

Wed, 08/10/2014 - 11:04

By Robert Higgans (pictured) & Clare Farrugia, MFSA – Since the end of the transition period applicable to Alternative Investment Fund Managers (AIFMs) that were undertaking activities before the coming into force of the AIFM Directive on 22 July 2013, a clearer picture is emerging on the preparedness of operators to conduct activities under AIFMD – a Directive which has attracted mixed reactions from various sectors, with some advocating the added advantages of increased investor protection and the passporting opportunities whilst others are highlighting the increased compl »

James Williams, Hedgeweek

Options aplenty for managers running funds in Malta

Wed, 08/10/2014 - 11:08

The official grandfathering period of the AIFMD only ended this July so assessing how different jurisdictions and their fund industry networks are adjusting to the new challenge is a little too early to call. »

Joseph Camilleri, Valetta Fund Services

Regulation drives wider range of reporting solutions

Wed, 08/10/2014 - 11:12

With the Alternative Investment Fund Managers Directive (AIFMD) which came in force last July 22, together with the introduction of the European Market Infrastructure Regime (EMIR) and Foreign Account Tax Compliance Act (FATCA), fund administrators are facing big challenges in terms of getting up to speed on the full ramifications of these directives. »

Derek Adler, IFINA

A developed and expanding financial centre

Wed, 08/10/2014 - 11:16

By Derek Adler (pictured), IFINA – There are many questions being asked by Investment Managers (IMs) today and relatively few satisfactory answers available. For many years IMs have merely had to satisfy the regulatory requirements of the chosen jurisdiction and with limited restrictions have been able to go about their business without too much difficulty. »

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