The former legal counsel of asset manager Natixis Investment Managers has joined a law firm that specialises in fund compliance.
The former legal counsel of asset manager Natixis Investment Managers has joined a law firm that specialises in fund compliance.
As the European funds finance market becomes more sophisticated, hybrid facilities represent an attractive solution for funds seeking a single credit facility capable of servicing its needs from cradle to grave. Furthermore, as lockdown stretches liquidity, hybrids offer an innovative solution.
With the political narrative increasingly driven by populism coupled with the need to address social and economic imbalance and the impact of climate change, the emphasis on sustainability and the social impact of development are becoming increasingly powerful forces in influencing where institutional investment is made.
In December, the EU adopted a package of regulatory measures intended to introduce a new prudential (capital adequacy, liquidity) regulatory regime for investment firms: the Investment Firm Regulation (IFR) and Directive (IFD).
For some time now it’s been common to see Cayman and Luxembourg teams regularly working alongside each other on fund deals, but there’s no doubt this is increasingly becoming a feature of cross-border structures.
There are a number of areas where the issue of diversity and inclusion (D&I) particularly impacts the asset management sector.
This summer, residents of European cities could not help but be affected by calls from protesters for action on climate change.
In the context of Brexit, asset managers may consider equivalence as an option for accessing EU markets without obtaining separate authorisations in the absence of a financial services passport, particularly in relation to the management or marketing of funds, or other investment activities.
In April, radical changes to UK tax law came into force, levelling the playing field for resident and non-resident investment funds by bringing foreign entities within the charge of UK tax on the disposal of land.
Despite the European Parliament adopting new rules on the cross-border distribution of funds, the ultimate goal of a single European market for investment funds remains, in spite of the availability of marketing passports, far from complete.
