Hedge Funds

Join Thomas Murray in our inaugural event "Post-Trade Roundtable on Regulation in 2016: What does this mean for Funds?"

The event provides Funds from around the UK an opportunity to come together and share their approaches to monitoring their post-trade exposures in a changing regulatory environment.

Date: 01 March 2016

European regulators should lower the Solvency II capital charges for insurers investing into hedge funds just as they did for private equity, it has been argued.

In October 2014, the European Commission announced that private equity investments would attract a capital charge of 39 per cent, down from 49 per cent, bringing it in line with the charge for infrastructure funds and listed equities in OECD countries. Risk weightings for hedge fund investments, however, remain stuck on 49 per cent.

The decision by California Public Employees’ Retirement System (CALPERS) to exit hedge fund investing coupled with the Internal Revenue Service’s (IRS) ruling that now permits managers to charge performance fees cumulatively without falling foul of a 2008 tax law change, could lead to more firms deferring performance fee pay-outs.

Here is a summary of some of the key issues at the Association of the Luxembourg Funds Industry (ALFI) alternative investment conference.

Hedge fund managers launching or acquiring equity stakes in private equity or venture capital firms must ensure they have adequate Chinese Walls in place to prevent conflicts of interest arising through separate vehicles, according to Seward & Kissel.

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