What is AIFMD reporting?
The Alternative Investment Fund Managers Directive (AIFMD) includes the rules governing funds that are not UCITS, including hedge funds, private equity funds, and real estate funds.
What is Annex IV reporting AIFMD?
Firms marketing their funds into, or managing funds from, the European Economic Area (EEA) are required to complete transparency reporting, often referred to as Annex IV reporting. This is required regardless of where in the world firms or their funds are based.
What is an alternative investment fund under AIFMD?
An AIF is a ‘collective investment undertaking’ that is not subject to the UK UCITS regime, and includes hedge funds, private equity funds, retail investment funds, investment companies and real estate funds, among others.
What does AIFMs stand for?
An Alternative Investment Fund Manager (AIFM) is any legal person whose regular business is managing one or more alternative investment funds (AIFs). AIFMs are governed by the Law of 12 July 2013 on alternative investment fund managers.
What are 4 types of investments?
There are four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.
- Growth investments.
- Shares.
- Property.
- Defensive investments.
- Cash.
- Fixed interest.
What does the AIFMD set requirements of?
Some of the requirements of the AIFMD include: Business conduct including identifying conflicts of interest, fairness toward investors, full and complete disclosure, risk management, and remuneration. Minimum capital requirements including initial capital and total assets under management (AUM)
Who needs Annex IV reporting?
The AIFMD Annex IV report
As part of the reporting obligations under AIFMD, all European registered Alternative Investment Fund Managers marketing into the EU or EEA are required by ESMA to report to their particular jurisdiction under AIFMD to their national competent authorities (NCAs) according to Article 3 and 24.
What are the types of AIF?
Currently, the AIF Regulations provide for three categories of funds: – Category I Alternative Investment Fund; – Category II Alternative Investment Fund; and – Category III Alternative Investment Fund.
What is the difference between AIF and CIS?
The difference between a CIS covered by the CIS Regulations, and AIF Regulations will be that the former may invite public subscriptions, while the latter may only privately source their money. It is not regulated by any other SEBI regulations regulating fund management activities.
What is the difference between AIFMD and UCITS?
AIFMD. The AIFMD applies to managers of funds that are not UCITS, including hedge funds, private equity funds, and real estate funds. Taken together, the UCITS Directive and the AIFMD provide for a comprehensive set of rules for fund management activities in the EU.
What is the difference between UCITS and AIFMD?
The AIFMD applies to managers of funds that are not UCITS, including hedge funds, private equity funds, and real estate funds. Taken together, the UCITS Directive and the AIFMD provide for a comprehensive set of rules for fund management activities in the EU.
Are AIFMs regulated?
The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework that applies to EU-registered hedge funds, private equity funds, and real estate investment funds.
What are the 6 types of investors?
Six Types of Investors and Some Related Personality Characteristics
- Busy investors. The busy investors are interested—some might say obsessed—with the markets.
- Casual investors. The casual investors are the opposite of the busy investor.
- Cautious investors.
- Emotional investors.
- Informed investors.
- Technical investors.
What are the 6 investment tools?
6 types of investments
- Stocks.
- Bonds.
- Mutual funds.
- Index funds.
- Exchange-traded funds (ETFs)
- Options.
Who is subject to AIFMD?
All alternative investment funds managers established in the European Union, whether they manage EU or non-EU AIF, are subject to the AIFMD. The AIFMD also governs the marketing in the EU of AIF managed by an AIFM established outside the EU.
What is net equity Delta?
Answer 86: Net equity delta is used to analyse portfolio’s sensitivity to movements in equity prices. Assume all equity prices the AIF is exposed to decline by 1% at the end of the reporting period.
What are the three categories of AIF?
What is Category 3 Alternative Investment Fund?
Category III AIFs apply diverse trading strategies and leverage by investing in listed and unlisted derivatives. They use arbitrage, derivatives trading, futures and margin trading strategies. Category III funds can be both close-ended and open-ended funds. They are less regulated than conventional investments.
Is an SPV an AIF?
Holding companies and special purpose vehicles (SPVs) are widely used for the acquisition and holding of assets of Alternative Investment Funds (AIF) investing for instance in real estate, private equity and debt.
Who regulates CIS?
The Securities and Exchange Board of India (Sebi) on Tuesday overhauled regulations governing collective investment schemes (CIS), bringing them on a par with the mutual fund (MF) regulations. The market regulator said the move will “remove regulatory arbitrage” between the two pooled investment vehicles.
What does UCITS stand for?
Basic definitions. UCITS (Undertakings for Collective Investment in Transferable Securities). Defined as organizations, whose sole purpose is to collectively invest – in securities and other financial assets – capital raised by the public and which operate under the principle of risk management.
Who regulates UCITS funds?
European Union (EU) regulates UCITs, but they are widely available to non-EU investors. U.S. investors, for example, can buy shares of UCITS through U.S.-based fund managers, although local, EU-based money managers run the funds. Collectively, they hold €18.8 trillion in assets under management, or nearly $23 trillion.
What is a ghost investor?
Ghosting is a way for market participants to attempt to illegally manipulate the price of a stock, artificially driving it either lower or higher. With ghosting, two or more market makers who are supposed to compete with each other team up to create a buying or selling frenzy surrounding a particular stock.
What are the 2 types of investors?
There are two types of investors: retail investors and institutional investors.