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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,


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


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


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


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


“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

EFG becomes an AIFM

EFG gets into the AIFM game

One of the new additions to the updated AIFM list is A&G Luxembourg. A&G asset management is 72% owned by the Greek private bank EFG (Luxembourg) S.A.. Therefore creating a channel for EFG to offer the necessary substance for its Greek HNWI’s who wish to

asset manager

My Alternative Investment Funds are not going to be compliant by the 22nd of July, what should I do?

It is rare for regulatory compliance to be exciting, but for service providers who are in a position to help Funds meet the new compliance requirements under the AIFMD, this is their moment in the spotlight. The 22nd of July deadline for Funds, within scope


650 Attended London ALFI event

Wednesday saw records broken at the 10th London ALFI roadshow. Hosted by Tom Seale, CEO of European Fund Administration, the event commenced with him observing that the first roadshow 10 years ago had 100 attendees, and has now grown to 650, which is a new record for

AIFMD managers

Alternative Investment Fund Manager applicants under pressure

More than 250 risk professionals attended the ALFI ALRIM Risk Management Conference on Tuesday, highlighting the growing importance of this sector and the increasing number of jobs it has created in the Grand Duchy in recent years. ALFI has had a dedicated working group since 2006