AIFMD-compliant Management Company now available for alternative investment managers, including private equity and real estate funds.
Carne Group, one of the leading providers of governance and AIFMD solutions to the alternative investment industry, has received authorisation for an independent AIFMD-compliant management company in the Channel Islands. The new management company has become immediately operational with Carne Group’s fund clients. It is particularly suitable for alternative fund managers, including credit, hedge fund, private equity, infrastructure and real estate investment firms.
Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC). Read More…
Latest version of popular guide provides information for both long only and alternative managers.
Carne has published a new edition of its popular UCITS Guide for Investment Managers. The A5 booklet has proved popular with product development teams seeking practical guidance on distributing funds under the UCITS IV Directive.
The new edition of the guide has been updated by Carne’s team of regulatory experts to include the latest changes to European funds legislation and now addresses the information needs of both alternative and long only fund managers.
Said John Donohoe, CEO of Carne Goup: “Carne continues to work with many of the leading names in asset management, helping them to meet their regulatory and substance requirements under the UCITS Directive. We have found that our UCITS Guide has proved particularly popular, as a handy-sized reference digest of the critical information product developers need to be aware of when launching UCITS funds.” Read More…
Mark Hodgson joins Carne’s leading team of independent fund directors to provide oversight for Channel Islands funds, including private equity, infrastructure and real estate.
Carne Group, the leading global provider of governance and oversight services for asset managers, has opened a new office in the Channel Islands. Joining Carne as Managing Director responsible for the Channel Islands is Mark Hodgson, who will be available immediately to serve as an independent director on Jersey and Guernsey fund boards. Read More…
The introduction of the Alternative Investment Fund Managers Directive (AIFMD) has significantly changed the way US managers of alternative funds are able to market their funds in Europe. As with UCITS, the Directive provides fund managers with the opportunity to passport their funds in Europe under a regulated brand which investors will respect and which paves the way for the creation of a new market in cross-border alternative funds.
For US fund managers with Cayman funds, options for now (at least until July 2015) are limited to private placements or reverse solicitation, each of which carries its own set of unique risks, limitations, and complexity.
For managers interested in more broadly accessing European-based capital with either an Irish or Luxembourg domiciled fund, Carne offers several solutions tailored to meet a US manager’s immediate and long term AIFMD needs. Read More…
Effective 4 June 2014, the Cayman Islands government has approved the Directors Registration and Licensing Law, 2014 (the “Law”), which requires all directors of mutual funds regulated under the Mutual Funds Law (2013 Revision) and directors of companies registered as ‘excluded persons’ under the Securities and Investment Business Law (2011 Revision) (“Covered Entities”) to register with the Cayman Islands Monetary Authority (“CIMA”) within three months. (Corporate directors have 6 months to be licensed.) Non-compliance with the Law carries with it significant financial penalties and in some cases, imprisonment. Read More…
New publication addresses many of the questions fund managers will have about the AIFM Directive and alternative fund distribution in the EU.
Carne has launched the latest in its popular series of guides for fund managers, the AIFMD Guide for Asset Managers. The Guide was released at the Funds Congress in London last month.
The publication is intended as a comprehensive primer on the Directive, written specifically for product developers and fund managers considering the complexities of the AIFMD and how it applies to their own distribution strategies.
Said John Donohoe, CEO of Carne Group: “There remains a great deal of confusion in some quarters of the funds industry about the obstacles and requirements of the AIFMD. We felt there was a need to explain, in clear language, what the Directive requires, and what fund managers should be thinking about now it is coming into force. We hope this will prove a useful reference tool for alternative managers revisiting the topic of European funds distribution.”
The Guide follows the publication of earlier successful Carne booklets on Fund Redomiciliation and UCITS for Alternative Fund Managers. It has been written by Carne’s in-house team of independent fund directors and distribution experts.
Carne now offers AIFMD Management Company and Self-Managed Funds solutions in both Ireland and Luxembourg, and was the first firm to gain authorisation for an independent AIFMD manco in Ireland. Carne also has experienced risk management teams in both locations to provide outsourced risk management expertise under the terms of the Directive.
The AIFMD Guide for Asset Managers is available from Carne’s website, or a hard copy or PDF can be obtained from Carne directly by emailing Joe Hardiman (North America) – firstname.lastname@example.org or Cindy Turner (Europe) – email@example.com