Accessing European investors will be more difficult for Asian hedge funds under proposed rules issued by the European Commission.
In the second part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, outlines his concerns about the proposed AIFM directive and why he’s optimistic about Asia.
The fund-services provider says smaller firms may find fund platforms such as its own are a good way to get started.
An Asian version of Ucits could help funds act in a more pan-regional manner, says Margaret Harwood-Jones of BNP Paribas Securities Services in the first of two articles on Ucits IV.
But they are still very worried about the extent of their liability for clients' assets under the proposed EU law governing alternative investment fund managers.
Uncertainty over European regulations is leading Asian firms to set up lightly regulated offshore structures, says Arendt & Medernach, a firm specialising in Luxembourg law.