Marketfield Launches First Fund Under AIFMD

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note