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…
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,…
This Interview on GDPR For Fund Managers was firstly published on AlphaWeek and Is Reproduced Here under Their Permission. GDPR for Fund Managers will represent one more layer of added complexity in an already intricate European regulatory landscape. One more European initiative, launched with EU regulation 2016/679 – also known as the General Data Protection Regulation…
This Interview on Brexit ESMA Opinion on Investment Management was firstly published on AlphaWeek and Is Reproduced Here under Their Permission. Brexit ESMA Opinion on Investment Management was the topic of a conversation between AlphaWeek and Attilio Veneziano, Managing Director of Veneziano & Partners, an international consulting boutique specialised in the European regulation of cross-border fund…
ESMA opinions have been recently released to deal with the risk of regulatory arbitrage, in European jargon, ensuing the increasing wake of relocation enquiries to Europe (the EU 27) by UK financial entities as a consequence of the recent developments of Brexit. When it might seem highly likely, on the one hand, that the passport will…
Introduction Marketing offshore AIFs in Europe under AIFMD National Private Placement Regime (NPPR) is still very hot topic. Notwithstanding extensive discussions and ESMA opinions in the recent past around the possibility of extension of the passport to third country AIFMs and their AIFs, with ensuing phasing out of the local national rules on AIFMD NPPR,…