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Crestbridge makes senior appointment

Leading administration and corporate services firm Crestbridge has appointed Gren Carr-Jones as a Director in its Luxembourg office as it looks to add to its funds and corporate governance capabilities and meet the needs of its growing client base. In his new role, Gren will

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Vladamir Putin

Tension with Russia blamed for the reduction in EU fund launches

518 mutual funds were launched in Europe during Q2 2014, according to Lipper. A small decrease from the previous quarter. The European fund universe showed a negative trend in the total number of funds. Since Q2 2011 there has been a net decrease of 141 products.Over

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Mutual Funds

UK Funds fear extended wait in FCA’s AIFMD queue

AIFMD authorisation backlog means hundreds of UK hedge funds are unable to market in Europe and lawyers say some firms may have to wait months for the all clear Europe’s new hedge fund regime – the Alternative Investment Fund Managers Directive (AIFMD) – officially came

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Third Party Management company manager

Third Party Manco Developments (September 2014)

Since 22 July 2014 when the AIFMD became Luxembourg national law, a number of firms had applied to provide “third-party” services. These firms are focusing on capturing the business from the many funds (perhaps up to 1500) that will require Luxembourg substance and domiciliation but

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cssf

22 July 2014 – The Transition Period Ends

The much talked about deadline in the funds world is finally upon us. The Commission de Surveillance du Secteur Financier (CSSF) has issued a press release reporting facts and figures about the activities over the one year transition period in Luxembourg. As of Tuesday 22 July,

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Socgen

SocGen missing Alternative solutions?

Societe Generale Securities Services (SGSS) launched “Manco by SGSS”, a management company solution to assist asset managers seeking access to the European market to set up and market Undertakings for Collective Investments in Transferable Securities (UCITS) but questions are raised about their ability to service

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20070509_Citibank

Fund Forum: Depositories unperturbed with monitoring hard assets despite regulatory concerns

Depositories have sought to rebut regulatory fears that they will struggle to provide safe-keeping, cash-flow monitoring and oversight of new or real assets held by private equity vehicles and some hedge funds as mandated under the Alternative Investment Fund Managers Directive (AIFMD). Xavier Parain, deputy

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Kennox launches Lux Sicav

Investment boutique Kennox Asset Management has launched a Luxembourg-domiciled version of its £304 million (€380 million) flagship equity fund.The Edinburgh-based group has established the Luxembourg-domiciled SICAV to increase investor interest in its fund range. This is with the main aim of opening up the Kennox said

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nichurch2b

Cyprus recognised by Efama

The European Fund and Asset Management Association (Efama) has given the Cyprus Investment Funds Association (Cifa) formal membership. Cifa was unanimously granted observer status for a two-year term, starting in June 2014. “The approval of Cifa’s membership to Efama marks a vote of confidence in Cyprus

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AIFMDevent

“Time is tight and the pressure is on”

Over 40 speakers from asset managers to regulatory distribution experts gathered at the NH hotel in Findel for a series of panel discussions, presentations and workshops at the Global Fund Distribution Conference from June 16 to 18. Talks were centred on the hot topics surrounding UCITS and

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