Tuesday, 28 April 2015
Last updated 15 min ago
Oct 22 2013 | 10:25am ET
Marketfield Asset Management is launching the first strategy to be offered under Europe's new Alternative Investment Fund Manager Directive.
Marketfield Dublin, a liquid alternatives fund that had previously only existed as a 1940 Act fund in the United States and a Cayman Islands offshore fund, has been redomiciled to Dublin as a Qualifying Investor Alternative Investment Fund.
Said Michael Shaoul, CEO of Marketfield, in a statement: “We wanted to find a solution for a fund that could be broadly distributed across Europe and that uses a legal structure that investors will be comfortable with.”
European institutional and wealth managers prefer European regulated funds, said Marketfield, which opted for the QIAIF structure over UCITS because it allows the firm to physically short single-name stocks and “effectively replicate the investment opportunity it offers to non-European and domestic U.S. investors.”
The fund is initially being offered via wealth management distribution channels in Europe.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…