French Hedge Funds Say AIFMD is a Success, But Regulator Warns Financial Stability Boards Involvement in Regulations May Result in New Concerns
Summary
New York, NY, May 10, 2012 --( Participants at Opalesques third France Roundtable, held in April 2012 in Paris and sponsored by Lyxor Asset Management and Eurex, believe the AIFMD will have a major impact on the hedge fund industry in Europe.However, he warned that the increased focus and activities of the Financial Stability Board (FSB) around market regulations may soon turn into a new regulatory paradigm that could be a “new concern for the asset management industry going forward.” Hear from: · Marc Potter, CFM · Francois Bonnin, John Locke Investments · Sylvie Dehove, Amundi Alternative Investments · Patrice Bergé-Vincent, Autorité des marchés financiers (AMF) · Yves Coignard, Volvar Asset Management · Diego Fluxa, Rothschild & Cie Gestion · Paul Beck, Eurex · Nathanael Benzaken, Lyxor ... background and facts about: · Will the banking disintermediation in Europe continue?But further steps are required to fully gain back the trust from institutions.Participants at Opalesques third France Roundtable, held in April 2012 in Paris and sponsored by Lyxor Asset Management and Eurex, believe the AIFMD will have a major impact on the hedge fund industry in Europe.In addition, Rothschild has decided to partner with a managed account provider and will issue a RFP this summer.Rothschild and Amundi are examples of European fund of funds groups that are gearing up for a new future through both growth strategies and improving their core investment strategies by adopting dynamic portfolio management processes, proprietary models in turbulence (risk on and off detection), overlay hedges and better liquidity management.Fee factor crucial to regain allocators trustEuropean investors believe that restructuring fees will be a core theme for the next years for hedge funds to regain trust and momentum with the allocator community.However, he warned that the increased focus and activities of the Financial Stability Board (FSB) around market regulations may soon turn into a new regulatory paradigm that could be a “new concern for the asset management industry going forward.”Hear from:· Marc Potter, CFM· Francois Bonnin, John Locke Investments· Sylvie Dehove, Amundi Alternative Investments· Patrice Bergé-Vincent, Autorité des marchés financiers (AMF)· Yves Coignard, Volvar Asset Management· Diego Fluxa, Rothschild & Cie Gestion· Paul Beck, Eurex· Nathanael Benzaken, Lyxor... background and facts about:· Will the banking disintermediation in Europe continue?