The helicopter money
The so-called ‘helicopter money’ policy has been recently refused in Japan, nevertheless it is receiving more consideration than in the past in developed countries, e.g. the United States and European countries.
Esma advises on extension of funds passport
The European Securities and Markets Authority (ESMA) has published on the 19th of July its Advice for the European Parliament, Commission and Council consideration in relation to the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) in twelve countries. Non-EU AIFMs and AIFs could thus be granted the passport
Redemptions denied
Several UK property funds has recently halted redemptions from clients, following a peak of requests. ‘Exceptional market circumstances’ are brought forward as reason for the halt in trading, uneasy decision taken in order to avoid huge losses that would occur if investors’ cash appetite was to be immediately satisfied with on-the-spot sale of the funds’ assets, something not possible in the real estate