The Securities and Exchange Commission has charged a subsidiary of UBS with disclosure failures and other securities law violations related to the operation and marketing of its dark pool. UBS Securities LLC agreed to settle the charges by paying more
Ahead of the 31 January 2015 deadline for Annex IV reporting, Peter Cripwell (pictured), CEO of RiskSystem, gives his views on the issues it’s having on the industry… With the implementation of Annex IV fast approaching, there are worries that
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains how the Island provides Latin American fund managers and investors with a unique offering. Colleagues who visited Brazil, Chile and Colombia earlier this year were struck by the way in which
Ben Eaton (pictured), a UK tax partner in Goodwin Procter’s London office, comments on the Finance Bill 2015 draft clauses published by the UK government… In labelling some payments to investment managers as “disguised fee income”, this is the latest
By Dominic Wheatley, Guernsey Finance – Guernsey’s 50 years as a funds centre makes it an ideal jurisdiction in which to nurture innovative open-ended funds, argues Dominic Wheatley from Guernsey Finance. At a time of unprecedented change in the asset
A change to Jersey’s legislation will help bolster the jurisdiction’s standing as a centre for hedge fund business, according to Jersey Finance. The introduction of a new exemption in Jersey’s Financial Services Law, designed to simplify and encourage the establishment
With total hedge fund AuM now nearing USD3trn, the last 12 months have been a noticeable period of growth for the industry at large. Admittedly, 2014’s performance figures aren’t as strong as 2013 but as the regulatory dust in Europe
Under the AIFMD, European fund managers must focus more intently on operational risk. Earlier this summer, the Central Bank of Ireland produced an AIF rulebook highlighting 16 requirements to which an AIFM should adhere in order to establish best practices
HFFT Alternative Limited has been granted an alternative investment fund manager (AIFM) licence from the Gibraltar Financial Services Commission to provide full AIFM services to both EU and non-EU funds. A plethora of enhanced compliance requirements including the regulatory demands
Hedge funds in Europe are set to suffer a sharp increase in fines and rejection by investors because of failure to understand changes in governance, reporting and operational requirements under the AIFMD. That’s the view of ViClarity, a provider of
