Current News
Jumbo Hedge Fund Directors Criticised
QuickTrain - Online Training This Month
Cayman Court rules against in kind distribution of fund assets
SEC reforms ‘will kill’ money market funds
Regulatory focus on hedge funds continues
News Archive
April, 2012
Hedge Funds, Banks Avoid New Derivatives Rules
18th April 2012...U.S. securities regulators on Wednesday finalised long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements.
Lehman Bros creditors to receive first payout in 2012
16th April 2012...Lehman Brothers International Europe administrator PwC plans to hand creditors their first payout before the end of 2012. In the past six months, Lehman Brothers joint administrators raised a further £1.8bn ($2.8bn) of cash and signed legal settlements that reduce claims to £4.6bn.
Hedge funds keep a lid on leverage
9th April 2012...Since 2010s adoption of the so-called Volcker rule, Wall Street’s banks have moved fast to drop some of the most prominent vestiges of their past success: their proprietary trading operations.
IASB/FASB Investment Entities Project – Report from the London RoundTable
6th April 2012...This report from the London Roundtable event was recently published in Accountancy & Business Ireland and is reproduced here.
March, 2012
Courses Scheduled for May 2012
30th March 2012...We are please to announce a series of open training courses for May 2012. These courses, which have been arranged in conjunction with the Summit Finuas Network, will take place in Dublin. Early bird discounts are available for bookings received before 16th and 23rd April respectively. There are also discounts available for multiple bookings from the same organisation. Visit http://www.quickstep.ie/courses/ for more details.
New Irish Fund Structure to ‘Check The Box’
30th March 2012...The Irish Minister for Finance has approved, in principle, the development of legislation for a new corporate structure for funds which is intended to meet US ‘check the box’ requirements and reduce administrative costs. This step is consistent with the Irish government’s on-going commitment to the continued development of the funds industry in Ireland.
Cayman Islands extends Master Funds registration deadline to 21 May 2012
23rd March 2012...The Cayman Islands Government has extended the deadline for the registration of ‘master funds’ by 60 days to 21 May 2012.
99 Problems And A Fitch Ain’t One
9th March 2012...It is not shocking that the worst of the worst rating agency has downgraded Greece to "Restricted Default" following the imposition of coercive measures to generate a "voluntary" restructuring. It is very shocking that Fitch had Greece at C until now...
QuickTrain
6th March 2012...Following extensive consultation with our clients and partners, we're delighted to announce the launch of our online training offering. At the end of March QuickTrain will begin.
February, 2012
Ireland gains on Luxembourg’s lead in EU investment industry
24th February 2012...Luxembourg is Europe’s largest holder of investment fund assets with 26.5 per cent of the total, a 4.7 per cent drop since 2010 and a big blow considering its Irish rival upped its share of the industry in 2011, reports Investment Europe.
