The rule is “vague, overbroad and exceeds the US SEC’s statutory authority” claim the National Association of Private Fund Managers (NAPFM), Managed Funds Association (MFA), and Alternative Investment Management Association (AIMA).
In a joint statement, the negative impacts the proposal would have on EU capital markets including introducing fragmentation, loss of netting benefits and reducing the EU’s resiliency to market stresses, are highlighted by the associations.
While acknowledging potential benefits of the European Commission’s latest proposals, the associations noted that the changes could make EU firms less competitive and have a negative impact on the derivatives market.
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
Report by AIMA, PWC and Elwood AM found that 47% of traditional hedge funds were investing or considering investing in cryptocurrencies.
Recent study from hedge fund group AIMA outlines how short selling is an important tool for responsible investing, and for investors to hedge against ESG risks.
Initial responses to the MiFID II review consultation reveal that asset managers are keen for a consolidated tape before any major changes to the rules are implemented.
The TRADE speaks to AIMA CEO Jack Inglis on his recent appointment to Chair of Help for Children (HFC)’s UK affiliate, and his aims for the charity going forward.
Simon Lorne has been named as AIMA’s new chair, replacing Kathleen Casey.