Irish Domiciled Funds Structuring Options. Independence Commitment Expertise
|
|
- Hortense Daniels
- 5 years ago
- Views:
Transcription
1 Irish Domiciled Funds Structuring Options Independence Commitment Expertise
2 Introduction Mike Kirby Managing Principal, KB Associates 2
3 EUR Billion 2500 Irish Domiciled Funds Total Net Assets ,899 2,085 2,097 1, ,227 1, , Year 3
4 4
5 Structuring Options Overview Barry Harrington Director of Consulting Services, KB Associates 5
6 Overview Key fund structuring considerations Fund structuring variables; Domicile, Regulatory status, Legal form, Liquidity, Share class design Principle fund structuring options Relative merits of the structuring options Pension fund opportunities - Why Common Contractual Funds are gaining traction 6
7 Key Structuring Objectives Support investment strategy Support distribution strategy Achieve operational efficiencies 7
8 Fund Structuring Variables - Domicile Key Jurisdictions Cayman Ireland Luxembourg Requirements of institutional versus retail investors Manager considerations US/UK Managers have a traditional preference for Ireland as a European domicile 8
9 Fund Structuring Variables - Regulatory Status UCITS AIFMD Non-UCITS/Non-AIFMD 9
10 Fund Structuring Variables Legal Form Proprietary Irish Fund Structure Unit Trust/CCF Corporate Vehicle (ICAV/PLC) Management Company Self-Managed (SMIC) External/Third Party Proprietary Platform Management Company External/Third Party 10
11 Ireland s Bespoke Corporate Fund Structure The ICAV Ability to Check the box for US tax purposes Avoids the need for compliance with Irish company law requirements May produce sub-fund by sub-fund financial statements Ease of change to constitutional documents - investor approval not required 11
12 Fund Structuring Variables - Liquidity Terms UCITS Daily Weekly Fortnightly AIFMD A function of the asset class Daily/Weekly/Monthly/Semi-Annual/Annual (limited liquidity) 12
13 Fund Structuring Variables - Share Class Requirements differ between Retail and Institutional Differentiating factors Fees Currency Hedged v unhedged Accumulating v distributing Minimum investment amount 13
14 Principle Fund Structuring Options External/third party management company Proprietary management company Self-managed structure Platform 14
15 Relative Merits of the Structuring Options External/third party management company advantages Ease and speed of establishment Elements of risk transferred to an outside party No capital required Proprietary management company advantages Clear demonstration of control Clear demonstration of substance Self-managed funds advantages Cost efficient No external control issues 15
16 Pension fund opportunities- Why Common Contractual Funds are gaining traction Irish regulated asset pooling fund structure available since 2003 Unincorporated body established under a deed where investors are co-owners of underlying assets which are held pro rata with their investment into the CCF, facilitating the application of tax treaty benefits at the investor level The UK equivalent is the TTF and the Luxembourg equivalent is the FCP Benefits from Ireland s competitive tax regime providing certainty, stability and transparency Can operate under AIFMD or UCITS May not be sold to natural persons 16
17 CCF Introduction Existing Separately Managed Accounts/Funds UK Pension Dutch Pension South African Pension Operationally Inefficient: Multiple Structures Multiple Manager Appointments Multiple Service Providers (Admin, Custody, Tax & Audit) Tax Efficient: US Equities US Equities US Equities UK/US Preferential WHT Rate Dutch/US Preferential WHT Rate South African/US Preferential WHT Rate 17
18 CCF Introduction Traditional Pooling UK Pension Dutch Pension South African Pension Operationally Efficient: Single Structure Irish/Lux Investment Fund US Equities Tax Inefficient: US WHT 30% Single Manager Appointment Single Set of Service Providers (Admin, Custody, Tax & Audit 18
19 CCF Introduction Solution The CCF UK Pension Dutch Pension South African Pension Operationally Efficient: Single Structure Single Manager Appointment CCF Share Class 1 Share Class 2 Share Class 3 Single Set of Service Providers (Admin, Custody, Tax & Audit) Tax Efficient: US Equities UK/US Preferential WHT Rate Dutch Preferential WHT Rate South African/US Preferential WHT Rate 19
20 Conclusions Key Considerations when establishing a fund product: Appropriate legal and regulatory framework Investor requirements and investment strategy Financial and tax factors Tax efficiencies and cost of doing business Market and Distribution factors Reputation, experience and efficiency of the fund domicile 20
21 Platform or Open Architecture ManCo Moderator: Mike Kirby, Managing Principal, KB Associates Speakers: Richard Grant, Chief Operating Officer, Veritas Asset Management Tom Berrigan, Managing Director, Davy Investment Fund Services Peter Northcott, Executive Director, KB Associates UK 21
22 Closing Remarks Mike Kirby, Managing Principal, KB Associates 22
23 KB Associates Offshore Fund Consulting Centennial Towers, West Bay, PO Box 31249, Grand Cayman, KY11205 Cayman Islands Tel: George s Dock IFSC Dublin 1 Ireland Tel: Brook Street London W1K 5DB United Kingdom Tel: info@kbassociates.ie 23
Fund Distribution: A Changed Landscape. Independence Commitment Expertise
Fund Distribution: A Changed Landscape Independence Commitment Expertise Welcome Mike Kirby Managing Principal, KB Associates 2 3 International Fund Distribution; Key Trends 2013 Ross Allen Consultant,
More informationExperienced Independent Directors for. Investment Funds. Independence - Commitment - Expertise
Experienced Independent Directors for Investment Funds Independence - Commitment - Expertise Introduction KB Associates KB Associates is an independent consulting firm dedicated to meeting the needs of
More informationExperienced Independent Directors for. Investment Funds. Independence - Commitment - Expertise
Experienced Independent Directors for Investment Funds Independence - Commitment - Expertise Introduction KB Associates KB Associates is an independent consulting firm dedicated to meeting the needs of
More informationIreland introduces a new corporate structure for funds. March 2015
Ireland introduces a new corporate structure for funds March 2015 The ICAV is finally fully operational The new Irish corporate vehicle for establishing investment funds, the Irish Collective Asset Management
More informationCHEVALIER & SCIALES. of offshore funds to luxembourg. investment management. client memorandum 2011
CHEVALIER & SCIALES guide to the migr ation or relocation of offshore funds to luxembourg client memorandum 2011 investment management This publication has been prepared by the law firm Chevalier & Sciales
More informationCatching the wave: Regulatory change creates new opportunities for tax-transparent cross-border pooling
Catching the wave: Regulatory change creates new opportunities for tax-transparent cross-border pooling By Aaron Overy, Northern Trust Regulatory changes currently sweeping across Europe are creating a
More informationEnhancing Returns: Asset Pooling & Common Contractual Funds. Thursday 4 th December 2014
Enhancing Returns: Asset Pooling & Common Contractual Funds Thursday 4 th December 2014 Welcome 2 Liam Stanbridge, Chair of IFIA Tax Steering Committee and Head of Tax, State Street International (Ireland)
More informationIrish Loan Origination Funds
June 2017 Irish Loan Origination Funds In Europe, Alternative Investment Funds ( AIFs ) are the only type of investment fund that can originate loans, given that the UCITS Directive 1 prohibits UCITS from
More informationPension Pooling and Asset Pooling in Ireland Establishing an Irish Common Contractual Fund
Pension Pooling and Asset Pooling in Ireland Establishing an Irish Common Contractual Fund Law Firm of the Year: Republic of Ireland, European Awards 2011, The Lawyer One of the most innovative law firms
More informationHow to set up an AIFM in Ireland
How to set up an AIFM in Ireland 6849177_4 Introduction Since mid-2013, EU law has provided that an entity which either manages an EU based non- UCITS investment fund or which markets a non-ucits investment
More informationA GUIDE TO ESTABLISHING LOAN ORIGINATING FUNDS IN IRELAND
A GUIDE TO ESTABLISHING LOAN ORIGINATING FUNDS IN IRELAND irishfunds.ie CONTENTS Introduction 4 Possible Solutions for Direct Lenders and Institutional Investors 5 Why Ireland for Loan Originating Funds
More informationDar Al-Arkan Sukuk Company Ltd. Issue of U.S.$500,000,000 Trust Certificates due under the U.S.$1,800,000,000
7 April 2017 Dar Al-Arkan Sukuk Company Ltd. Issue of U.S.$500,000,000 Trust Certificates due 2022 under the U.S.$1,800,000,000 Trust Certificate Issuance Programme PART A - CONTRACTUAL TERMS Terms used
More informationNORTHERN TRUST A YEAR IN REVIEW: 2008 CROSS-BORDER PENSION/ASSET POOLING
S E R V I C E l E X P E R T I S E l I N T E G R I T Y NORTHERN TRUST A YEAR IN REVIEW: 2008 CROSS-BORDER PENSION/ASSET POOLING Service Expertise Integrity P R I N C I P L E S T H A T E N D U R E Over the
More informationtrust transparency tenacity teamwork
trust transparency tenacity teamwork Best Execution Policy February 2018 Overview Under the EU Markets in Financial Instruments Directive (MiFID) and COBS 11.2B of the Financial Conduct Authority Handbook,
More informationManagement Company services
Management Company services Who is? is a global advisory, administration and family office firm providing seamless multi-jurisdictional legal, tax, fiduciary, investment and fund administration services
More informationThe ICAV. The Irish Collective Asset Management Vehicle. 20 Questions and Answers
The ICAV The Irish Collective Asset Management Vehicle 20 Questions and Answers Question 1: Does the ICAV itself make the application to the IRS to be seen as a partnership for U.S. tax purposes or is
More informationLUXEMBOURG vs Guernsey
LUXEMBOURG vs Guernsey Marketing and jurisdiction choice INSURANCE INVESTMENT FUNDS TRUST & COMPANY PENSIONS INVESTMENT MANAGEMENT BANKING Luxembourg vs guernsey AIFMD In 2013, the European Union implemented
More informationUCITS Law Firm of the Year 2017, The Hedge Fund Journal. Ireland s Most Innovative Law Firm, Financial Times 2017
Pension Pooling and Asset Pooling in Ireland Establishing an Irish Common Contractual Fund UCITS Law Firm of the Year 2017, The Hedge Fund Journal Ireland s Most Innovative Law Firm, Financial Times 2017
More informationINNOVATIVE SOLUTIONS FOR A COMPETITIVE EDGE
INNOVATIVE SOLUTIONS FOR A COMPETITIVE EDGE Cross-Border Asset Pooling for Investment Managers Patent Pending INNOVATIVE CROSS-BORDER POOLING SOLUTIONS As an investment manager you require innovative
More informationPREMIUM SPONSORS. 30 March irishfunds.ie
PREMIUM SPONSORS 30 March 2017 2 irishfunds.ie SPONSORS 3 irishfunds.ie Welcome Address Alan O Sullivan Brown Brothers Harriman, Irish Funds 4 irishfunds.ie Keynote Address H.E Daniel Mulhall Ambassador
More informationESMA s Brexit Reminder
June 1, 2017 ESMA s Brexit Reminder Although most Brexit related media coverage of the financial services sector has focused to date on banking, on insurance and on market infrastructure issues post-divorce,
More informationICAV Update. August For further information on any of the issues discussed in this article please contact:
August 2014 ICAV Update As interested readers will be aware 1, Ireland has been promising for some time to introduce a new type of corporate fund structure known as an ICAV which will not be required to
More informationEstablishing a UCITS in Ireland
Establishing a UCITS in Ireland Best Alternative Investments Law Firm Europe 2016 Wealth and Finance International Most Innovative European Fund Law Firm 2016 Global Fund Awards Financial Services (International)
More informationLegislation was recently enacted in Ireland providing
The Investment Lawyer Covering Legal and Regulatory Issues of Asset Management VOL. 22, NO. 6 JUNE 2015 ICAV - the New Irish Collective Asset-Management Vehicle By Mark Browne Legislation was recently
More informationBreakfast Seminar New York 3 November 2015
2 Breakfast Seminar New York 3 November 2015 PREMIUM SPONSORS EVENT PARTNERS Breakfast Kindly sponsored by 5 Welcome Tadhg Young Chair, Irish Funds, State Street Global 6 Ireland's offering for Alternative
More informationManaged Accounts.
Managed Accounts Managed Accounts Introduction In the aftermath of the financial crisis in 2008, managed accounts have grown in popularity as a result of demand for greater transparency and liquidity from
More informationCross-border pension pooling helps multinationals meet the challenge of globalisation
Cross-border pension pooling helps multinationals meet the challenge of globalisation by Kathleen Dugan, Northern Trust The trend toward world-wide integration of markets for goods, services and capital
More informationIRISH FUNDS - GATEWAY TO THE CHINESE SECURITIES MARKETS
IRISH FUNDS - GATEWAY TO THE CHINESE SECURITIES MARKETS Contents IRISH FUNDS GATEWAY TO THE CHINESE SECURITIES MARKETS Introduction Page 2 QFII Overview Page 3 Recent Changes to the QFII Scheme Page 5
More informationIreland / Cayman : Overview & Outlook
6332593_2 Ireland / Cayman : Overview & Outlook London 16 September, 2015 6283218v1 Introduction Kate Curneen, Banking and Capital Markets - The Growth of Non-Bank lending in Ireland Brian Kelliher, Asset
More informationEstablishing a Qualifying Investor AIF in Ireland
Establishing a Qualifying Investor AIF in Ireland UCITS Law Firm of the Year, The Hedge Fund Journal 2017 Number One Ranked Irish Funds Law Practice acting for 29% of Irish Domiciled Investment Funds by
More informationCorporate clients. Who is Maitland? Contents. maitlandgroup.com
Corporate clients Who is Maitland? Maitland is a global advisory, administration and family office firm providing seamless multi-jurisdictional legal, tax, fiduciary, investment and fund administration
More informationIrish Funds Madrid Seminar 2018
Irish Funds Madrid Seminar 2018 10 April 2018 2 Hosted by Supported by Welcome Address Ms Síle Maguire Ambassador of Ireland to Spain Irish Funds An Introduction Kieran Fox Irish Funds Irish Funds Industry
More informationIrish Funds San Francisco Seminar
Irish Funds San Francisco Seminar 2016 2 Irish Funds San Francisco Seminar 2016 PREMIUM EVENT SPONSORS 3 Welcome Anthony Bassili Chapter Executive CAIA Irish Funds Overview Kieran Fox Director Business
More informationCorporate clients. Who is Maitland? Contents. maitlandgroup.com
Corporate clients Who is Maitland? Maitland is a global advisory, administration and family office firm providing seamless multi-jurisdictional legal, tax, fiduciary, investment and fund administration
More informationThe Central Bank Consults on Amendments to AIF Rulebook
January 2016 The Central Bank Consults on Amendments to AIF Rulebook The Central Bank of Ireland ( Central Bank ) AIF Rulebook was introduced with effect from 22 July, 2013 to coincide with the implementation
More informationAIFMD vs UCITS vs MiFID2
AIFMD vs UCITS vs MiFID2 Nick Colston Darren Fox FI & AMIF Autumn Legal Update 2017 Overview: what we ll cover today When regulation makes headline news.. Part 1: overview of three regulatory regimes Part
More informationTrinity Fund Administration. Company Profile. zil
Trinity Fund Administration Company Profile zil Trinity Fund Administration ( Trinity ) is a global boutique hedge fund solutions company, providing regulatory reporting, fund administration, registrar
More informationLos Angeles Seminar. 10 October irishfunds.ie
Los Angeles Seminar 10 October 2017 2 irishfunds.ie PREMIUM SPONSORS 3 irishfunds.ie EVENT SPONSORS 4 irishfunds.ie Los Angeles Seminar Welcome Remarks Pat Lardner Chief Executive - Irish Funds 5 irishfunds.ie
More informationUSD Emerging Markets Sovereign Bond UCITS ETF
JPMORGAN ETFS (IRELAND) ICAV USD Emerging Markets Sovereign Bond UCITS ETF 10 July 2018 (A sub-fund of JPMorgan ETFs (Ireland) ICAV, an Irish collective asset-management vehicle constituted as an umbrella
More informationInvestment funds in Ireland: regulatory overview
GLOBAL GUIDE 2015/16 INVESTMENT FUNDS Investment funds in Ireland: regulatory overview Gayle Bowen and Emily Davy Walkers global.practicallaw.com/7-501-5093 RETAIL FUNDS 1. What is the structure of the
More informationSight. TAX-TRANSPARENT FUNDS for THE insurance industry. line of
line of Sight TAX-TRANSPARENT FUNDS for THE insurance industry Enhancing Investment Efficiencies in the face of growing regulation AND OTHER PRESSURES In the face of a continued low-yield environment and
More informationYour true partner to progress. Global fund administrator delivering tailor-made services to investment funds.
Your true partner to progress Global fund administrator delivering tailor-made services to investment funds www.circlepartners.com Global reach, local expertise and presence Global footprint Our offices
More informationHedge Funds Workshop
Hedge Funds Workshop Hong Kong, 11th November 2010 Luxembourg s role as a European Hedge Fund center Moderator: Gilles Dusemon, Arendt & Medernach Patrick Goebel, Allen & Overy Bill Jones, ManagementPlus
More informationBUSINESS INSIGHTS Luxembourg, April 2018
BUSINESS INSIGHTS Luxembourg, April 2018 RAIF Enhancing Luxembourg s Fund Arsenal through Speed and Versatility By offering an additional dynamic fund structure, Luxembourg has reinforced its position
More informationT F Financial Services Tax > Financial Services M&A >
Declan O'Sullivan Partner Dublin 3 George's Dock, IFSC, Dublin D01 X5X0 T +353 1 436 8510 F +353 1 633 5845 declan.osullivan@dechert.com Practice Areas Financial Services and Investment Management > Financial
More informationGlobal - Setting Up Investment Funds in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey
Global - Setting Up Investment Funds in, the, the Cayman, Guernsey, Ireland and Jersey In this table we have concentrated on the most common form of vehicle and fund used in each jurisdiction. So for instance,
More informationFund Structures 6 October 2015
Fund Structures 6 October 2015 Welcome Paolo Alonzi Head of Real Estate Finance & Operations Standard Life Investments Agenda Moderator Paolo Alonzi, Head of Real Estate Finance & Operations, Speakers
More informationThe Transparency Provisions of AIFMD
The Transparency Provisions of AIFMD THE TRANSPARENCY PROVISIONS OF AIFMD Introduction Directive 2011/ 61/EU on Alternative Investment Fund Managers (the Directive ), which was agreed by the European Parliament
More informationA Practical Guide to the Redomiciliation of Investment Funds to Ireland
A Practical Guide to the Redomiciliation of to Ireland JULY 2011 Contents MHC 1. INTRODUCTION 3 2. REASONS FOR REDOMICILIATION 4 3. ADVANTAGES OF THE CURRENT REDOMICILIATION PROCESS 5 4. EFFECT OF A REDOMICILIATION
More informationFREEDOM TO FOCUS. Global Fund Services Europe
FREEDOM TO FOCUS Global Fund Services Europe You re in business to develop investment strategies, make investment decisions and deliver enhanced performance to your clients. We re in business to help you
More informationTAX & LEGAL ISSUES ASSET MANAGEMENT
TAX & LEGAL ISSUES ASSET MANAGEMENT Kevin Cummings, Tax Partner (BDO) Claire Cummings, Partner (Cummings Law) March 2015 Contents Disguised fee draft legislation Diverted profits tax BEPS and UK action
More informationExchange-Traded UCITS in Ireland
Exchange-Traded UCITS in Ireland arthurcox.com 2 ARTHUR COX ASSET MANAGEMENT AND INVESTMENT FUNDS OUR FIRM Arthur Cox is widely regarded as the leading law firm in Ireland. We are one of Ireland s largest
More informationAugust Proposal for EMIR Reform targeted changes with important consequences for AIFs, AIFMs and UCITS Management Companies
August 2017 Proposal for EMIR Reform targeted changes with important consequences for AIFs, AIFMs and UCITS Management Companies Background to EMIR Reform On 4 May 2017, the European Commission (the Commission
More informationIrish Funds London Alternative Investment Seminar 2018
Irish Funds London Alternative Investment Seminar 2018 18 April 2018 2 Premium Sponsors Event Partners Wi-Fi & Audience Interaction Wi-Fi SSID: THE MONTCALM no password required Audience Interaction -
More informationFUND SERVICES IN LUXEMBOURG
Asset Servicing Solutions FUND SERVICES IN LUXEMBOURG Access the widening spectrum of European fund opportunities across traditional and alternative fund sectors. Supported by our long-standing experience
More informationEstablishing Structured Funds in Ireland
Establishing Structured Funds in Ireland Best Alternative Investments Law Firm Europe 2016, Wealth and Finance International Most Innovative European Fund Law Firm 2016, Global Fund Awards European Law
More informationSUPPLEMENT 14. L&G Multi-Index EUR IV Fund. Supplement Dated 9 September, 2016 to the Prospectus for Legal & General ICAV dated 15 August, 2016
SUPPLEMENT 14 L&G Multi-Index EUR IV Fund Supplement Dated 9 September, 2016 to the Prospectus for Legal & General ICAV dated 15 August, 2016 This Supplement contains information relating specifically
More informationAIFMD Access to EU capital made simple
AIFMD Access to EU capital made simple Who is? is a global advisory, administration and family office firm providing seamless multijurisdictional legal, fiduciary, investment and fund administration services
More informationNew Capital Alternative Strategies plc
New Capital Alternative Strategies plc Unaudited, Condensed Semi-Annual Report for the period ended 31 December 2017 New Capital Alternative Strategies plc is a company incorporated with limited liability
More informationRawlinson & Hunter. Cayman Islands
Rawlinson & Hunter Cayman Islands How can we help you? Rawlinson & Hunter has built a global reputation for outstanding personal services in the private client and corporate fields. Working closely with
More informationAlternative UCITS & Hedge Funds workshop
Alternative UCITS & Hedge Funds workshop Moderator: Panelists: Christopher Stuart Sinclair, Director, Deloitte Donna Hutchings, Managing Director, Citco Fund Services (Singapore) Régis Malcourant, Partner,
More informationHow to start a Hedge Fund
How to start a Hedge Fund How to start a Hedge Fund Introduction When setting up a hedge fund, you will need to consider the following matters: Jurisdiction Fund structure Eligible investors Authorisation
More informationInternational Financial Services Development Group
International Financial Services Development Group Craig Stobo Chairman Elevation Capital Management Limited Presentation to Workplace Savings Conference 26 August 2010 Group Members Introduction Chair
More informationDebt & alternative finance
Debt & alternative finance Guernsey for alternatives INSURANCE INVESTMENT FUNDS TRUST & COMPANY PENSIONS INVESTMENT MANAGEMENT BANKING In the decade since the financial crisis, a slew of regulations have
More informationJurisdictions Serviced
www.harbour.ky Jurisdictions Serviced The Cayman Islands is the leading jurisdiction for offshore investment funds as a result of its favourable regulatory environment, flexible structuring options,
More information/ v1. MiFID II Transaction Reporting
/7648986v1 MiFID II Transaction Reporting Quick Read 1. From January 3, 2018, the current MiFID I transaction reporting requirements will be replaced by the new MiFIR transaction reporting regime. The
More informationSolvency II New Outsourcing Rules for (Re)Insurance Undertakings in Ireland
January 2016 Solvency II New Outsourcing Rules for (Re)Insurance Undertakings in Ireland Solvency II introduces a number of detailed and prescriptive conditions in relation to outsourcing requirements
More informationCorporate clients. Who is Maitland? Contents. maitlandgroup.com
Corporate clients Who is Maitland? Maitland is a global advisory, administration and family office firm providing seamless multijurisdictional legal, fiduciary, investment and fund administration services
More informationBeazley plc Dividend Access Plan Rules (the Rules)
Beazley plc Dividend Access Plan Rules (the Rules) 1. Participation Participation in the Beazley plc Dividend Access Plan (the Plan) is optional and is open to members of Beazley plc (the Company) who
More informationMELLON OFFSHORE FUNDS. Nikko Global Currency Fund. Unaudited Semi-Annual Report for the period from April 1, 2011 to September 30, 2011
Unaudited Semi-Annual Report for the period from April 1, 2011 to September 30, 2011 Table of contents Mellon Offshore Funds Administration of the Trust 3 General information of the Trust 5 Mellon Offshore
More informationDWS VIETNAM FUND LIMITED
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or as to the action you should take, you are recommended to seek your own independent
More informationRegulatory Aspects Impacting Investment Funds: A Non-European Perspective
Regulatory Aspects Impacting Investment Funds: A Non-European Perspective Gavin Farrell Partner Robin Fuller Director What we ll cover Impact of AIFMD on Guernsey AIFMs/AIFs AIFMD timeline Preparedness
More informationFinancial Services ICAV Deal of the Year 2018 and 2016, Finance Dublin
Establishing an Exchange Traded Fund in Ireland UCITS Law Firm of the Year 2017, Hedge Fund Journal Ireland s Most Innovative Law Firm, Financial Times 2017 Financial Services ICAV Deal of the Year 2018
More informationSpecialised Investment Funds //
Specialised Investment Funds // November 2018 www.cs-avocats.lu An unremitting devotion to the goals you want to achieve LEGAL 500 2018 Investment funds Chevalier & Sciales has deep knowledge of investment
More informationMAF Sukuk Ltd. U.S.$400,000, per cent. Trust Certificates due 2017 under the U.S.SI.OOO.OOO.OOO Trust Certificate Issuance Programme
MAF Sukuk Ltd. U.S.$400,000,000 5.85 per cent. Trust Certificates due 2017 under the U.S.SI.OOO.OOO.OOO Trust Certificate Issuance Programme On 6 January 2012, MAF Sukuk Ltd. (in its capacities as issuer
More informationREVIEW OF ALTERNATIVE INVESTMENT FUND DOMICILES AND TRENDS
REVIEW OF ALTERNATIVE INVESTMENT FUND DOMICILES AND TRENDS 25 November 2014 Oliver Wyman CONFIDENTIALITY Our clients industries are extremely competitive. The confidentiality of companies plans and data
More informationAIFMD. Who is Maitland? Contents. maitlandgroup.com
AIFMD Who is Maitland? Maitland is a global advisory, fund administration and family office firm providing seamless multi-jurisdictional legal, fiduciary, investment and fund administration services to
More informationIndependent, global provider of corporate, fund and private client administration services. Interim Results Presentation Wednesday 7 September 2016
Independent, global provider of corporate, fund and private client administration services Interim Results Presentation Wednesday 7 September 2016 Agenda Key highlights and group overview Dean Godwin Financial
More informationIBA ANNUAL CONFERENCE Dublin, Thursday 4 October 2012 INVESTMENT FUNDS: INFORMATION OBLIGATIONS (FATCA), TAX TREATY ENTITLEMENT AND RELATED ISSUES
IBA ANNUAL CONFERENCE Dublin, Thursday 4 October 2012 INVESTMENT FUNDS: INFORMATION OBLIGATIONS (FATCA), TAX TREATY ENTITLEMENT AND RELATED ISSUES 1 Session Co-chairs Eric Fort, Arendt & Medernach, Luxembourg
More informationAlternative UCITS for Offshore Fund Managers
Alternative UCITS for Offshore Fund Managers April 2012 Funds authorised as UCITS 1 currently hold in excess of 7 Trillion Euro and as international recognition of this form of fund regulatory authorisation
More informationMost Popular Funds Quarter 3, 2015
Most Popular Funds Quarter 3, 2015 Most Popular Funds Quarter 3, 2015 Please find below the Top 5 overall GW funds as at 30/09/2015. To find out more information about each of these funds, simply click
More informationAIFMD Access to EU capital made simple
AIFMD Access to EU capital made simple Who is? is a global advisory, administration and family office firm providing seamless multijurisdictional legal, fiduciary, investment and fund administration services
More informationLuxembourg Reserved Alternative Investment Fund (RAIF) - The best of two worlds?
Luxembourg Reserved Alternative Investment Fund (RAIF) - The best of two worlds? What is a RAIF? a Luxembourg alternative investment fund ( AIF ) managed and supervised by an external authorised Alternative
More informationLIQUID ALTERNATIVES. Why Ireland for Alternative UCITS. irishfunds.ie
LIQUID ALTERNATIVES Why Ireland for Alternative UCITS irishfunds.ie INTRODUCTION Undertakings for Collective Investment in Transferable Securities (UCITS) are a universally recognised global funds brand
More informationTechnical Brief for Investment Funds
Accounting, Financial Reporting and Regulatory Volume 8 January 2016 In this issue: Introduction Recent Accounting and Financial Reporting Updates US Generally Accepted Accounting Principles ( US GAAP
More informationJANUS HENDERSON FUND (THE COMPANY ) ADDITIONAL INFORMATION FOR INVESTORS IN IRELAND DATED 15 DECEMBER 2017
JANUS HENDERSON FUND (THE COMPANY ) ADDITIONAL INFORMATION FOR INVESTORS IN IRELAND DATED 15 DECEMBER 2017 This country supplement should be read in conjunction with and forms part of the prospectus of
More informationEstablishing Structured Funds in Ireland
Establishing Structured Funds in Ireland Law Firm of the Year: Republic of Ireland, European Awards 2011, The Lawyer One of the most innovative law firms in Europe and the only Irish law firm to be commended
More informationThe Role of the Depositary under the AIFMD
The Role of the Depositary under the AIFMD One of the primary stated aims of the Alternative Investment Fund Managers Directive 1 (the AIFMD ) was to increase investor protection 2. A key step in this
More informationThis document contains specific information aimed at professional investors domiciled in the European Economic Area ( EEA ).
Huntress Investment Fund Offshore AIFMD Disclosure Document This document contains specific information aimed at professional investors domiciled in the European Economic Area ( EEA ). Huntress Investment
More informationAIFMD Initial Guidance And Advice For The Sub-Threshold AIFM
AIFMD Initial Guidance And Advice For The Sub-Threshold AIFM AIFMD Initial Guidance And Advice For The Sub-Threshold AIFM A What is the AIFMD? The Alternative Investment Fund Managers Directive (the AIFMD
More informationBringing you up to speed.
Bringing you up to speed. The RAIF in an alternative investment context September 27, 2016 Speakers: Hermann Beythan, investment management partner, Nicolas Gauzès, corporate M&A partner, and Olivier Van
More informationIndependent, global provider of corporate and fund administration services. Preliminary Results Presentation Year ended 31 December 2015
Independent, global provider of corporate and fund administration services Preliminary Results Presentation Year ended 31 December 2015 Agenda Key highlights and group overview Dean Godwin Financial review
More informationProposed Changes to EU Cross- Border Fund Distribution Rules
March 2018 Proposed Changes to EU Cross- Border Fund Distribution Rules Introduction While cross-border distribution of EU funds has grown, the EU funds market is still predominantly organised along national
More informationClarification on leverage used by UCITS
Clarification on leverage used by UCITS CLARIFICATION ON LEVERAGE USED BY UCITS Following significant lobbying from the Irish funds industry and the recent publication of a Questions and Answers Paper
More informationLuxembourg Alternative Investment Funds
Investment Funds May 01 Luxembourg Alternative Investment Funds Asset Classes - Hedge; Real Estate; Private Equity; Venture; Mezzanine; Infrastructure www.ogier.com Bahrain British Virgin Islands Cayman
More informationFINAL TERMS. Not Applicable
13 February 2017 FINAL TERMS DIB Sukuk Limited Issue of U.S.$1,000,000,000 Trust Certificates due 2022 under the U.S.$5,000,000,000 Trust Certificate Issuance Programme PART A CONTRACTUAL TERMS Terms used
More informationKPMG Private Equity Forum. 11 December 2017
KPMG Private Equity Forum 11 December 2017 Agenda Introduction Nick Stevens KPMG CI Brexit and the fundraising considerations Iain Bannatyne Ben Honeywood KPMG UK KPMG CI EU Blacklisting update John Riva
More informationUCITS VI Have your say
UCITS VI Have your say Contents UCITS VI Have your say Introduction Page 2 Eligible assets and the use of derivatives Page 3 Efficient portfolio management techniques Page 3 Over-the-counter (OTC) Derivatives
More information19 May 2014 PART A CONTRACTUAL TERMS
19 May 2014 ICD FUNDING LIMITED Issue of U.S.$300,000,000 4.625 per cent. Notes due 2024 guaranteed by Investment Corporation of Dubai under the U.S.$2,500,000,000 Euro Medium Term Note Programme PART
More informationThe Role of the Depositary under the AIFMD and the AIF Rulebook
The Role of the Depositary under the AIFMD and the AIF Rulebook One of the primary stated aims of the Alternative Investment Fund Managers Directive 1 (AIFMD) was to increase investor protection 2. A key
More information