Thomas Duffell
.jpg "FCA cracks down on IT outsourcing")
UK-based GPs will need to establish more oversight of third party IT service providers to satisfy updated FCA rules.
Hundreds of UK fund managers are still waiting for the UK regulator to approve their AIFMD applications.
Private equity-backed companies following the UK’s Walker Guidelines will begin reporting on the diversity of their management teams.
The agreements ensure Indian fund managers access to European investors.
While many GPs hope passive marketing will be a backdoor entrance into Europe, industry legal advisors are still interpreting the concept in a post-AIFMD era.
The Texas-based private equity firm hired Silver Creek Ventures’ chief financial officer.
Investments in South African venture funds will be tax deductible if held for a minimum of five years.
.jpg "IASB reforms credit loss reporting")
The international standard setter moved ahead with the changes after failing to reach a consensus with the FASB on the matter.
Fund managers in India will have to pay higher taxes if they can’t identify all their LPs before launching a fund.
.jpg "A&M expands to Europe")
Service provider news round-up: a Duff & Phelps valuation exec leaves for a rival firm; fund administrators receive AIFMD approvals for depositary services; more.