Latest News
By Philip Graham (pictured), Harneys – The British Virgin Islands (BVI) is the world’s second largest domicile of offshore investment funds and a leading international finan
By Matt Mulry (pictured), Dillon Eustace – The Directive on Alternative Investment Fund Managers (Directive 2011/ 61/EU (“AIFMD”)) and its supplementary regulation will from 22 July 2013 introduce an authorisation regime for the marketing and management of alternative investment funds (“AIFs”) within the European Union (“EU”). Following 22 July 2013 a manager which is established outside the EU and which manages an AIF established in Cayman may only market that AIF into the EU in certain limited circumstances.
An AIF under the AIFMD is defined very broadly as any collective investment undertaking established anywhere in the world that (a) is
By Fiona Le Poidevin (pictured), Guernsey Finance – In July 2013 the global economy is continuing to throw up significant events but these are nothing in comparison with what we s
By Jennifer Fox, Dillon Eustace – The EU Alternative Investment Fund Managers Directive (2011/61/EC) (“AIFMD” or “the Directive”) will be transposed into Irish legislation by implementing regulations and will come into effect on 22 July, 2013.
In Ireland the implementation of AIFMD is grounded not only on the Directive and on the European Commission Delegated Regulation of 19 December, 2012 (the “Level 2 Regulations”), but also on the long established regulatory framework in place for alternative investment funds. In this regard, Ireland services over 40% of all alternative fund assets with Irish domiciled funds now representing over EUR277 billion in
By Ashley Le Feuvre, Volaw Fund Services Group – After a lengthy period of negotiation and development the European Union’s (the “EU”) Alternative Investment Fund Managers Directive (“AIFMD” or the “Directive”) finally comes into force on 22 July 2013. Following implementation and in order to continue marketing their funds to European investors, managers (“AIFMs”) of European domiciled investment funds must fully comply with the Directive.
Managers with funds domiciled in countries such as Jersey, which are defined in the Directive as “third countries” will, subject to certain conditions, continue being able to market their non-EU funds to European investors under
By Malta Financial Services Authority – The law on investment services in Malta has undergone a number of significant changes in preparation for the implementation of the Alternative Investment Fund Managers Directive (hereinafter referred to as the “AIFMD”). Among these changes has been the issue of second tier legislation in the form of Regulations issued under the Investment Services Act as well as the publication both of new and of revised third level Investment Services Rules by Malta’s finance industry regulator, the Malta Financial Services Authority (hereinafter referred to as the “MFSA”).
The new regime makes provision for and sets
It could be some time yet before the AIFMD brings standard regulatory requirements across the EU, says Glynn Barwick (pictured), regulatory lawyer at Goodwin Procter LLP…
Member states are required to implement the Alternative Investment Fund Managers Directive into their law by 22 July. Although it is intended to create a standard set of regulatory requirements in all member states for European and, separately, non-European managers, in fact some states (such as Norway, Finland and various Mediterranean countries) will be late in implementing the directive.
Moreover, those that will implement it on time are being inconsistent or unclear as
Global mergers and acquisitions activity is on the increase, according to Taxand, an organisation of tax advisers to multinational businesses.
However, the organisation warns that the increase is marginal. M&A activity continues to be inhibited by pressures from the global economy. With such a large disparity in M&A activity levels the outlook is mixed.
The number of M&A deals in the Eurozone fell as these countries continued to struggle in the economic climate. Deal volume also slowed down in the Asia-Pacific region although this follows high activity and the region is seen by many as a growth area.
Venture capital funds TT Venture, a fund managed by Fondamenta SGR, and Atlante Seed, a fund managed by IMI Fondi Chiusi SGR, an Intesa Sanpaolo Group company, have invested in MilkyWay, a start-up in Modena focused on the design, manufacture and online sales of bike-trial and extreme sports equipment.
The investment operation totals an initial EUR720,000, which MilkyWay will use to expand its range of products on the extreme sports market (such as kitesurfing, downhill biking and parkour) and to develop the online community (www.milkywaytribe.com).
In just a few months the MilkyWay community has positioned itself as a
JP Anderson has formed a new private equity fund, The Sierra Leone Development Fund I, which will promote economic development in Sierra Leone, West Africa.
JP Anderson is looking to raise and invest USD100m in small to medium-sized businesses and government related agency projects.
The fund will seek minority stakes of USD5m to USD10m in companies that have current or projected earnings over USD2m annually. The fund is not targeting specific industry sectors but is aggressively looking to work with the government on various agency related projects that can stimulate the country’s growth and development.
The creation
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
