In the second part of a two-part Q&A, Jay Hooley, Boston-based chief executive of State Street, outlines his concerns about the proposed AIFM directive and why he’s optimistic about Asia.
An Asian version of Ucits could help funds act in a more pan-regional manner, says Margaret Harwood-Jones of BNP Paribas Securities Services in the first of two articles on Ucits IV.
But they are still very worried about the extent of their liability for clients' assets under the proposed EU law governing alternative investment fund managers.
Uncertainty over European regulations is leading Asian firms to set up lightly regulated offshore structures, says Arendt & Medernach, a firm specialising in Luxembourg law.