Abalone launches the first notified AIF ever
Today, the 21st of July 2016, the very first Notified Alternative Investment Fund (NAIF) has been launched in Malta by Abalone Asset Management, which gains the primacy for structuring this innovative type of fund. Abalone and its team is indeed very proud to announce the launch of Ventura SICAV, whose notification process has ended successfully with the MFSA registering the Fund
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
Brexit on UCITS Funds
There is no doubt on the potential negative effect ‘Brexit’ may have on the UK asset management industry. But how much would this separation be painful? Concerns are related, among the many issues, to the UCITS funds. These european-level regulated funds can hold a passport licence enabling them to do business throughout the Union, provided that they are domiciled and managed