“Nowadays people know the price of everything and the value of nothing” – Oscar Wilde, The Picture of Dorian Gray Three years ago, the UK’s Financial Conduct Authority (FCA) published its findings following a wide-ranging asset management market study. One … Continue reading ESMA Imposes Value for Money Assessments on EU funds
I recently had the pleasure of virtually meeting with Lora Froud, Partner at Macfarlanes, to discuss the growing focus in asset management on retail investor access to less liquid alternative investment funds. What follows is some highlights and key considerations … Continue reading Patient Capital: The Retailization of Illiquid Funds
The European Commission (EC) recently provided a roadmap about how it intends to revamp the Alternative Investment Fund Management Directive (AIFMD). The plans could have a significant impact on UK investment firms post-Brexit and smooth the way for custodians to … Continue reading AIFMD Review Places EU Passports at its Center
The Securities and Exchange Commission (SEC) recently voted to propose a new rule under the Investment Company Act of 1940 (‘40 Act) to establish an updated framework for fund valuation practices with a focus on fair value. With pandemic-fuelled market … Continue reading SEC Revamps its Fair Valuation Rules
As the industry collectively continues to navigate the COVID-19 pandemic, thoughts have started to turn to consideration of back-to-office protocols and at last it seems that there may be some light at the end of this long, dark tunnel. The … Continue reading Yes, Brexit is Still Happening: Are You Ready?
“To be, or not to be, that is the question.” Hamlet, William Shakespeare In Part 1, we touched on the ongoing debate about what is and what may not be an exchange-traded fund (ETF), but the focus on naming conventions … Continue reading The Name Game (Part 2): Will the SEC Recast US Fund Names?