|
Editor's Note
|
|
France is the second largest savings market in the world, right after the U.S. A real strength of the French market is the diversity of the industry and the number of entrepreneurial asset managers. Of the approximately 600 asset managers in France, two-thirds are small and medium sized, and some 30 asset managers are created and authorized each year. By the July 22nd 2014 deadline for implementing the AIFMD, the French regulator AMF expects to have 350 registered Alternative Investment Fund Managers (AIFMs.) in the country.
As a result of the Alternative Investment Fund Management Directive (AIFMD), most of the service providers have increased prices. Some smaller firms have decided to change service providers in order to react and cut costs. While European fund managers certainly appreciate the benefits of their European passport for cross-border marketing, tax issues remains as their most prominent concern, and probably the last hurdle to distribution in countries like the U.K. and Germany. Nevertheless, over time AIFs could potentially become as popular as UCITS both inside and outside of Europe.
Investors should be aware that European hedge fund managers don’t just only launch UCITS or Alternative Investment Funds (AIFs): according to ERAAM, European single hedge fund managers also launched 83 Cayman funds in 2013. However 89% of the AUM was within nine funds - certainly a very high concentration. New investor groups like U.S. based pension funds and others have started to discover European opportunities, offered by European managers, in sectors as diverse as:
- European equities
- European corporate credit and loans
- New fields like financial credit or in the management of liquidity buffers (HQLA)
- Smart Beta 2.0
- Securitization
- European distressed
- Investments with longer durations like real estate, infrastructure and infrastructure debt.
The Opalesque 2014 France Roundtable discusses those opportunities in-depth. The Roundtable was sponsored by Lyxor and Eurex and took place June 3rd 2014 at the Paris office of Lyxor with:
- Natasha Cazenave, Head of the Asset Management Regulation Division, AMF
- Denis Beaudoin, CEO, Finaltis
- Olivier Kintgen, CIO, Eraam
- Antoine Rolland, CEO, New Alpha Asset Management
- Fabrice Dumonteil, CEO, Eiffel Investment Group
- Paul Beck, Executive Director, Eurex / Deutsche Boerse Group
- Christophe Baurand, Head of Alternative Investments, Lyxor Asset Management
The participants also discussed:
- What are the two opportunities European incubators see coming out of regulations?
- Why do European incubators love Asian managers?
- Who is driving the strong momentum of UCITS funds?
- What is the opportunity in long-term and SME financing?
- How European Market Infrastructure Regulation (EMIR) can lead to less risk and reduced costs
- What is the road to success for an emerging manager? Which mistakes can be avoided?
|
Family Office Forum Sept. 10-11, Wiesbaden Germany
Join Opalesque founder Matthias Knab at the Prestel & Partner Family Office Forum Wiesbaden, the annual event for German-speaking family offices along with 100+ Family Offices!
This is YOUR opportunity to:
- Meet private investor peers in person
- Be part of a trusted community in a "safe place"
- Share experiences and views
- Access information across Family Governance & Investment best practice topics.
Are you a family office*? You'll enjoy free admission. Simply contact ticket@prestelandpartner.com
Are you a partner and service provider for family offices? Then you can purchase one of the strictly limited delegate passes, simply contact ticket@prestelandpartner.com
At the Family Office there will be... - More family offices on stage than providers,
- More family offices in the audience than providers.
* Our definition of a true family office is AUM of at least 120 million euros of one or fewer families / private individuals, and the family office does not work as a solution provider for many third parties.
See here for agenda and more information: https://prestelandpartner.com/familyofficeforumde.html
|
|
ABN Amro's 12th Amsterdam Investor Forum 1-2 October
This year, ABN Amro again will host the Amsterdam Investor Forum (AIF) on 1-2 October at its headquarters. The theme is "The Known Unknowns and The Unknown Unknowns."
Register here early - only 250 can attend: https://www.amsterdaminvestorforum.com/login/
At the event, ABN AMRO Clearing will address topics around the theme "The Known Unknowns and the Unknown Unknowns" through thought-provoking panels, keynotes, fireside chats and dedicated investor round tables. The AIF team will also be hosting networking drinks in the evening on 1 October.
Fund managers can now register for the prestigious AIF Factor competition
Fund managers can now submit their applications for the prestigious AIF Factor
This is a competition where five shortlisted alternative funds are given the floor for a 3-minute pitch to present their investment proposition to the whole event audience, offering managers a unique opportunity to raise their profile and gain exposure to interested investors.
The forum delegates then cast their votes, appointing the most compelling strategy the 2024 AIF Factor winner. The competition is open to all funds regardless of size, domicile and trading approach.
Apply here to participate: https://aif.amsterdaminvestorforum.com/
|
|
Legends4Legends2024 Oct. 17th EYE Filmmuseum, Amsterdam: Unlocking the True Internet Economy
Recent advancements in blockchain technology have positioned it to support the onboarding of hundreds of millions of users. Onchain transactions will become an integral part of our online behaviour. This shift presents significant investment opportunities.
Legends4Legends is the largest content-driven event in Europe to educate family offices, professional investors, institutional allocators, wealth managers and private banks on the promise of blockchain technology and its investment opportunities.
The charity event brings together the global thought leaders in blockchain venture capital, along with 300 family offices, professional investors, institutional allocators, wealth managers and private banks that together deep dive into the practical applications of the technology, enabling participants to cut through the noise.
The afternoon will be rounded off by an open Q&A and networking drinks, giving you the chance to network with the speakers, the Theta Team, friends and peers.
Legends4Legends raises money for Alternatives 4 Children, an independent charitable foundation established in 2011 in the Netherlands with the aim to involve professionals from the (Alternative) Financial industry and the conviction that, together, we can make a difference for children in need.
Secure your seat now as tickets are limited by registering here.
|
|
AIM Summit Dubai Edition Oct. 21-22
Discover the future of alternative investments at the AIM Summit Dubai, 21 & 22 October 2024, where the world's leading minds converge to shape the next era of alternative investments. Taking place in the vibrant city of Dubai, this edition will gather over 800+ fund managers, institutional investors, family offices, sovereign wealth funds and financial associations and over 100+ global thought leaders, economists and politicians.
Apply to attend today! https://www.aimsummit.com/event/dubai/summary
As a platform that goes beyond traditional boundaries, AIM Summit offers a unique opportunity for attendees to delve into a wide range of alternative investment classes, including private equity, venture capital, hedge funds, digital assets, fintech, AI, Blockchain, and more.
The summit is designed to provide in-depth analyses of market dynamics, regulatory landscapes, and investment strategies, ensuring that attendees are well-equipped to navigate the complexities of the alternative investment space.
For more information, contact info@aimsummit.com
|
|
| Carry-Neutral Tail Risk Hedging: The Ambrus Group's revolutionary approach to protecting your portfolio |
In an exclusive interview with Opalesque TV, the founding partners of The Ambrus Group unveil a groundbreaking strategy that is redefining tail risk hedging. Unlike traditional approaches that bleed investor capital during normal market conditions, Ambrus has developed an innovative, carry-neutral m...
|
|
|
Interested in featuring your firm here? Contact us
|
|
| Technical Research Briefing |
|
S&P FUTURES (@ES) – Daily
Currently: Long Looking to: Sell @ 4,118.75
As of 3/21/21 @ 7:58pm EST: 3,896
LAST WEEK: We suggested buying dips to 3,875 with stops on a close below 3,840 and with a target for selling longs / getting short at 4,118.75.
UPDATE: S&P futures had a terrible day Thursday and limped into the weekend. Right now, we put possible short-term ceilings at 3,918 or 3,950. If 3,918 holds as short-term resistance, we will look for a dip in the ES futures to 3,818 – 3,820. If 3,950 is tested and holds as resistance instead, we will look for a dip to 3,848 – 3,850 to follow. After this bounce and subsequent dip, we will be buying S&P futures aggressively (unless evidence presents itself that forces us to change our opinion) near one of those support levels.
We would look to buy dips to either 3,849 or 3,818.50 with stops honored on a close below 3,847 and 3,815, respectively. The upside target for either entry will be 4,119. NO SHORTING RIGHT NOW!
|
|
Search through archives of over 436,608 articles.
|
Administrative Options
You are subscribed with the following email:
|
MANAGE YOUR SUBSCRIPTIONS: To UNSUBSCRIBE from this or other Opalesque newsletters, please click on the following link:
unsubscribe
(confirm in pop-window of your browser)
You can also email us back this email with a header "remove".
For any suggestions or support please email
support@opalesque.com.
|
|
|
|
|
