Thomas Duffell
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GPs that wish to mass advertise in the US may find themselves in violation of Europe's AIFM directive.
The AIFM's strict liability requirements for depositories is being viewed as harsh and potentially dangerous by panelists at a recent industry conference.
Investors and fund managers are not seeing eye to eye on key fund governance issues according to a recent survey of industry professionals.
There is no such thing as simple regulation, according to Luxembourg Minister of Finance Luc Frieden. However he does view this onslaught of regulation as an opportunity for the fund industry.
Under its current guise the Volcker rule could reach across US borders in preventing banks from sponsoring certain foreign private funds.
CalPERS' chief investment officer, Joe Dear, has been elected to chair a SEC committee that will advise regulators on fee structures, disclosure policies and other topics important to investors.
Continuing uncertainty caused European M&A activity in April to decline to its lowest total since 2009. However, one London-based lawyer believes this landscape could present 'Once in a lifetime' opportunities for the private equity industry.
Luxembourg’s Minister of Finance aims to have legislation in place by the end of the year to make the popular fund domicile compliant with the AIFM Directive. The legislation will also contain financial instruments to entice more business to the country.
GPs should update risk disclosures, reconsider valuation procedures and undergo other preparations in response to ongoing eurozone concerns, say private equity lawyers.
Proposals to the UK’s CRC scheme will mean fund managers can more easily separate carbon reduction liabilities amongst portfolio companies, but the bureaucracy of the scheme for complex structures like private equity funds is still leaving room for concern.