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Posted on May 20th, 2012
This edition provides insights on the latest developments in financial markets law – including the adoption of the EU Alternative Investment Fund Managers Directive (AIFMD) and its implication on the Swiss Collective Investment Schemes Act (CISA) – and the sustainable impact on the asset management business in Switzerland. In this issue: Revision of the Collective [...] Posted on April 26th, 2012
Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years according to this new study by The Centre for Hedge Fund Research at Imperial College in London. The research, commissioned by KPMG, the international audit, tax and advisory firm, and the Alternative Investment Management Association [...] Posted on April 19th, 2012
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published detailed analysis of the European Commission’s draft implementing rules for the Alternative Investment Fund Managers Directive (AIFMD) which shows substantial policy differences between the Commission text and the advice provided by the European Securities and Markets Authority (ESMA). Key [...] Posted on April 3rd, 2012
The authors of this paper measure the commonality in hedge fund returns, identify its main driving factor and analyze its implications for financial stability. They find that hedge funds’ commonality increased significantly from 2003 until 2006. They attribute this rise mainly to the increase in hedge funds’ exposure to emerging market equities, which [...] |
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