Thomas Duffell
The securities watchdog contends a GP didn’t acquire the necessary investor approval before carrying out a related party transaction.
Chinese regulators have permitted insurers to raise and manage private equity funds to support the country’s economy, according to local press reports.
Non-US GPs acquiring businesses in the US must now always file a BE-13 survey within 45 days of a transaction.
Nearly half of UK fund managers are unsure of the information required to complete their AIFMD reporting requirements, according to fresh research.
Senior UK politicians are proposing a ban on non-disclosure agreements that conceal fees between pension funds and asset managers.
The outcome of the UK’s general election and the work of the newly appointed European Commissioners will create the biggest risks for fund managers, say market sources.
Legal sources are describing the rules as ‘game changing’ for deals between related parties in low tax jurisdictions.
.jpg "IASB clarifies consolidation rules for funds")
The changes come after the IASB was hit with a number of queries about consolidation accounting for fund managers.
Before retiring for the holiday break, both EU and non-EU fund managers alike should answer ESMA’s call to improve the directive’s highly valuable marketing passport feature.
.jpg "Duff & Phelps to buy Kinetic Partners")
Third party service provider news: Sovereign Capital sells Cordium; State street teams up with PE academic Josh Lerner; more