PRIIPs Regulation and Liquidity of Bond Markets. This Blog-post Reproduces an Article already Published on AlphaWeek. Ten months into the implementation of the PRIIPs (Packaged Retail Investment and Insurance Products) regulation in Europe and still no clear sign of a definitive cease-fire surrounding the discussions, at all levels, about the negative consequences of PRIIPs implementation in Europe….
The Temporary Permission Regime for UCITS and AIF marketing post-Brexit received some welcomed clarity recently. On 8th October 2018 HM Treasury published two draft statutory instruments to amend relevant EU law related to investment funds and entities managing investment funds. One covers the AIFM Directive whilst the other the UCITS Directive. Find these draft instruments…
Bank Disintermediation at the Time of the Capital Markets Union. This Blog-post Reproduces an Article already Published on AlphaWeek. The United States have the most advanced and developed capital markets in the world. This is due to the fact that the process of banking disintermediation – whereby funding of enterprises is obtained via access to the capital…
Zero Fee Funds – A European Perspective. This Blog-post Reproduces an Article already Published on AlphaWeek. Zero Fee Funds were launched for the first time in August this year by a Boston based fund power-house as part of a move to lure more clients to other services. The so called loss leader strategy has been adopted across…
Generally MiFID and namely the MiFID II unbundling rules aim at avoiding or mitigating conflict of interests between investment managers and their clients. Whilst in the recast MiFID directive there is no outright ban for all sorts of inducements – and some minor are permitted – there are more stringent rules, for instance, surrounding how…
Fund Distribution in South Africa – All You Need to Know. This Blog-post Reproduces an Article already Published on AlphaWeek. In 2015 the South African minister of finance resolved that the business of hedge funds was to be classified under local collective investment schemes. This, of course, was not an overnight decision. Instead, it was deeply rooted in…
The Role of the CCR in the Chilean Private Equity Industry. This Blog-post Reproduces an Article already Published on AlphaWeek. Chilean Pension Fund open to Private Equity Investment The Chilean pension fund system has breached in 2018 the 200bn threshold. Its pension fund system – Administradoras de Fondos de Pensiones – traditionally already very open to…
AIFMD Third-Country Passport: 5 Top Things US Fund Managers Should Know. This Blog-post Reproduces an Article already Published on AlphaWeek. The introduction of a definition of AIFMD premarketing, as per the recently approved Cross-Border Investment Funds Distribution directive (read more about it here) underscored how increasingly more complicated it will be for US fund managers to…
A Definition of AIFMD Premarketing was recently Proposed by the European Commission. This Blog-post Reproduces an Article already Published on AlphaWeek. In light of increasing constraints faced by banking institutions, traditionally the exclusive avenue utilised in Europe to source capital by SMEs, the European Commission is set on a journey to provide new sources of…
The UCITS brand is very strong and has been associated overtime with a growing history of success in Europe and beyond. Designed with the retail investor in mind, UCITS fund distribution rapidly gained momentum and popularity especially amongst institutional investors all over the world. Since inception in 1985, UCITS has now become a distinctive brand,…