Latest News
NewWorld Environmental Infrastructure has invested in a six-project 11.6 megawatt (MW) solar photovoltaic electricity production project portfolio developed by Soltage.
The projects will be located in Connecticut and Massachusetts and will commence construction this month.
Soltage specialises in the development, design, ownership, finance and operation of solar power plants for large commercial customers. Since its founding, Soltage has developed 10 solar power generating projects representing more than 14 megawatts of distributed generating capacity. Soltage is backed by a group of investors, including independent energy company Tenaska, ranked by Forbes as the 35th largest privately held US company based on
Some 53 per cent of investors interviewed by Preqin in March 2013 believe the private equity secondary market is of core or growing importance within their private equity portfolios, suggesting the secondary market has the potential to grow further in the future.
Forty-five per cent of funds sold on the private equity secondary market in 2012 were of vintage years 2006-2008; many of these funds, which were raised during the boom years, have ultimately underperformed, which has motivated secondary market sales.
A total of 43 per cent of LPs expect secondary market activity will increase in 2013, and a
The European Parliament has voted in favour of draft remuneration rules implementing variable pay caps for UCITS fund managers. The rules include the requirement for a significant proportion of variable pay to be deferred for three to five years, with a cap on variable pay of one times salary. Stephen Cahill, head of compensation and benefits at Deloitte, comments…
These new rules are likely to have a significant impact on the way asset managers pay their employees.
Changes to pay structures could create unwelcome complexity for asset managers in the EU. The cap on variable remuneration included in both
Societe Generale Securities Services (SGSS) has created a centre of expertise in Luxembourg for alternative funds, which provides specific experience in private equity, real estate and tangible assets.
Institutional investors or other professionals who manage these funds, such as family offices or wealth managers, now have a single point of entry to SGSS’ entire range of accounting, trustee, fund domiciliation, fund administration, transfer agent and registrar services.
This centre of expertise dedicated to alternative funds ensures that investors benefit from specialist knowledge of the specific constraints of these asset classes. A team of specialists from SGSS Luxembourg accompanies
More than 200 fund managers and advisers attended a Guernsey AIFMD masterclass in London this week to hear how the island’s plans for a dual regulatory regime mean it is positioned for the EU’s Alternative Investment Fund Managers Directive (AIFMD).
Held at the Grand Connaught Rooms in London on 19 March, the event, “Navigating AIFMD”, examined how Guernsey’s funds sector is preparing to introduce a regime that is AIFMD compliant, while also maintaining existing regulations for those investors and managers who are not obliged to follow the AIFMD route.
Fiona Le Poidevin, chief executive of Guernsey Finance, the
Vistra, a provider of corporate, trust and fund administration services, has opened an office in San Francisco as part of a strategic plan to expand services to clients based in the North American western region.
Wouter van Lier joins as commercial director responsible for further developing Vistra’s operations in the US market, supporting Erik-Jan Schoop, managing director of Vistra New York which opened two years ago.
Van Lier brings considerable experience and knowledge in assisting private equity and multinational clients in structuring their cross-border transactions and providing related corporate, trust and administrative services across multiple jurisdictions.
Schoop
The Association of Investment Companies (AIC) has collated views from managers of AIM focused VCTs on the likely impact on the AIM Market of the abolition of stamp duty on companies listed on this market.
Oliver Bedford, co-manager of Hargreave Hale AIM VCTs, says: “It is often said that SMEs are the lifeblood of the British economy. With 1,100 companies, AIM is home to three times as many companies as the FTSE 350. Many of these are developing the technologies and products of the future and looking for growth capital through AIM. The announcement by the Chancellor acknowledges their
Standard Life European Private Equity Trust’s net asset value (NAV) per ordinary share for the quarter ended 31 December 2012 increased by 1.3 per cent to 230.5p (diluted NAV – 227.7p), from 227.6p at 30 September 2012 (diluted NAV – 224.9p).
At 31 December 2012 the company’s net assets were GBP374.0m (30 September 2012 – GBP369.7m).
The quarter ended 31 December 2012 saw an increase in new investment and realisation activity in the European private equity market, notably for transactions with an enterprise value over EUR1bn. The value of all new private equity transactions in the European private
A federal grand jury in San Francisco has indicted former payment agent Alfred J Villalobos of Reno, Nevada and former California Public Employee System (CalPERS) CEO Federico R Buenrostro Jr of Sacramento, California on charges of conspiracy to defraud the US, engaging in a false scheme against the US, and conspiracy to commit mail fraud and wire fraud.
Buenrostro was also charged in the same indictment with making a false statement to the US and obstruction of justice.
According to the indictment, Villalobos, 69, and Buenrostro, 64, conspired to create and transmit fraudulent documents in connection with a USD3bn
The European Parliament’s economic and monetary affairs committee (ECON) has voted in favour of capping bonuses at 100% of salary. This is an important marker as to the Parliament’s position regarding asset managers’ pay and starts the process as to what the final remuneration provisions will be within the UCITS V Directive. Much negotiation lies ahead, but the starting position is now clear, says Jon Terry (pictured), partner in PwC’s reward team…
If the final rules are even close to what has been agreed today, then this will fundamentally change the way asset managers are paid. Asset managers who manage
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
