News came last week that USD86.5 billion CBRE Global Investors has launched its own German fund management company, CBRE Global Investors Kapitalverwaltungsgesellschaft (KVG).
ICI President and CEO Paul Schott Stevens comments on the European Commission’s adoption of a proposal and communication following its review of the European Supervisory Authorities (ESAs)…
Swiss wealth and asset manager, Vontobel, is believed to be in talks to buy a roughly SFR2 billion portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd.
Quaero Capital’s Philip Best (pictured) and Marc St John Webb report that recovery in southern Europe’s markets and stronger performance by manufacturing exporters have delivered for their value-driven European Smaller Companies strategy in recent months.
The European Fund and Asset Management Association (EFAMA) and the International Capital Market Association’s (ICMA) Asset Management and Investors Council (AMIC) have published a joint paper analysing how and why leverage is used in investment funds in Europe, how firms address in practice related risks and the technical tools used to measure leverage and improve the efficient management of their portfolio.
Luxembourg is one of the world's leading onshore domiciles where, over the last 30 years, it has become the default option for managers wishing to establish UCITS funds. It is, by size, the world's second largest fund centre after the US, and, from a funds expertise perspective, offers managers everything they need; not just for UCITS funds but also unregulated or regulated alternative fund structures under AIFMD.
Regulatory reporting has become a critical component of running an alternative investment fund. This requires well-developed data sourcing and data management processes to help ensure that fund managers remain compliant.
Across most EU jurisdictions, either the management company or the AIF needs to be licensed and requires some form of approval process. The Netherlands, however, is the exception to the rule. Under its light regime, neither needs to be licensed or supervised at all. This makes it a fast, efficient and cost-effective option for start-up managers.
Malta hosts a wide range of service providers, all of whom are well versed in structuring and supporting alternative investment funds, fund administration, risk management and so on. According to the MFSA's statistics for Q1 2017, Malta had 26 recognised fund administrators, 115 Category 2 investment services groups, and 153 Company Service Providers.
Traditionally, Luxembourg's fund industry has always been based on the products being regulated. Both UCITS funds, and Specialised Investment Funds (SIFs) under AIFMD, work on this premise. However, the Grand Duchy was quick to realise that given AIFMD is manager regulation, it created a double layer of regulation for alternative investment fund managers (AIFMs) wishing to run alternative investment fund (AIF) products.