AIFMD: the ongoing challenge with reverse solicitation in Europe

Prew, Bill
April 2015
Invest Hedge;4/20/2015, p1
The article focuses on issues related to the Alternative Investment Fund Managers Directive (AIFMD) in Europe. It is noted that managers have the choice of marketing with only European Union (EU) AIFMs able to access the EU marketing passport. Challenges and regulatory arbitrage regarding the implementation of AIFMD is also discussed.


Related Articles

  • APSAUGOS FONDŲ INVESTAVIMO STRUKTŪROS IR STRATEGIJŲ YPATUMAI. Juozapavičienė, Aldona; Bobinaitė, Viktorija; Burkšaitienė, Daiva // Economics & Management;2008, p517 

    The article discusses hedge funds, that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade options or bonds and invest in almost any opportunity in any market where it foresees impressive gains at reduced risk. In the past, term hedge fund described...

  • Pricing by hedging and no-arbitrage beyond semimartingales. Bender, Christian; Sottinen, Tommi; Valkeila, Esko // Finance & Stochastics;2008, Vol. 12 Issue 4, p441 

    We show that pricing a big class of relevant options by hedging and no-arbitrage can be extended beyond semimartingale models. To this end we construct a subclass of self-financing portfolios that contains hedges for these options, but does not contain arbitrage opportunities, even if the stock...

  • Noise, equity prices, and hedging: A new approach Bertus, Mark; Godbey, Jonathan; Hinkelmann, Christoph; Mahar, James W. // International Review of Financial Analysis;Dec2008, Vol. 17 Issue 5, p886 

    Abstract: The existence of noise trading in equity markets has possible economic implications for arbitrage, and asset pricing. In terms of pricing, noise trading can lead to excess volatility which has been shown to influence the value of options and futures. Furthermore, option research shows...

  • Stylistic Differences across Hedge Funds as Revealed by Historical Monthly Returns. Shawky, Hany A.; Marath, Achla // Technology & Investment;Feb2010, Vol. 1 Issue 1, p26 

    This paper utilizes two clustering techniques to provide an objective method for classification of hedge funds. A data driven classification framework that utilizes monthly hedge fund returns as inputs, is shown to provide better comparisons among fund categories and can help investors in...

  • The Pricing of Exchange Rate Risk in the Stock Market. Jorion, Philippe // Journal of Financial & Quantitative Analysis;Sep91, Vol. 26 Issue 3, p363 

    This paper examines the pricing of exchange rate risk in the U.S. stock market, using two-factor and multi-factor arbitrage pricing models. Evidence is presented that the relation between stock returns and the value of the dollar differs systematically across industries. The empirical results,...

  • BNP Paribas Appointed Custodian For AGF Arbitrage. Wang, Wicy // Global Custodian News;2013, p211 

    Arabian Gulf Holdings has appointed BNP Paribas as the prime broker and custodian for its latest fund, the Bahamas-based AGF Arbitrage Fund.

  • A new method of measuring herding in stock market and its empirical results in Chinese A-share market. Xie, Tian; Xu, Yi; Zhang, Xinsheng // International Review of Economics & Finance;May2015, Vol. 37, p324 

    We propose a new method based on Arbitrage Pricing Theory to test herding pattern. With the innovative WCSV model, we theoretically prove that this method can test strong herding patterns while filtering out weaker ones, showing better discriminating power than previous methods; also, it can...

  • Introduction to a theory of value coherent with the no-arbitrage principle. Frittelli, Marco // Finance & Stochastics;2000, Vol. 4 Issue 3, p275 

    Abstract. This paper defines the value of a general claim based on agent's preferences and coherent with the No Arbitrage Principle. This Value is a non trivial extension of the certainty equivalent since it takes into consideration the possibility of partially hedging the risk carried by the...

  • Some Pedagogical Pitfalls in the Definitions of Arbitrage, Hedging and Speculation. Moosa, Imad // Banking & Finance Review;Jun2010, Vol. 2 Issue 1, p87 

    The textbook definitions of arbitrage, hedging and speculation often misrepresent these operations. Arbitrage is typically defined to imply no risk, no use of own capital and the simultaneity of buy and sell transactions. These conditions may or may not hold. Hedging and speculation are...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics