AIFMD: Renewed Focus on Its Impact on Non-EU Managers of Private Funds

William Yonge of Morgan Lewis has shared his update with Sturgeon Ventures on the renewed focus on the impact of AIFMD for Non-EU Managers of Private Funds.
Sturgeon Ventures have a number of solutions for non EU Managers for AIFMD which they will share in November at the conference in NY for Women in Alternative Investments:
Although AIFMD took effect in key EU member states in 2013, in practice, its one-year grace period largely gave managers of alternative investment funds an opportunity to postpone compliance until 22 July 2014.

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Sturgeon Ventures sponsors 2014 Women's Alternative Investment Summit

Sturgeon Ventures is sponsoring the 6th annual 2014 Women’s Alternative Investment Summit on November 6 & 7, 2014 at The Pierre, New York City.
More than 400 of the top women in private equity and alternatives – fund managers, institutional investors and advisors to the industry – will gather in New York for this timely, indispensable industry conference.

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Sturgeon Ventures wins Venture Capitalist of the Year at 2014 M&A Awards

PRESS RELEASE – Sturgeon Ventures wins Venture Capitalist of the Year at 2014 M&A Awards

2014 M&A Award Winners Revealed

United Kingdom – 12th June 2014 – Winners of the prestigious 2014 M&A Awards, sponsored by UK-based AI Global Media, Acquisition International Magazine and DealFlow Source have been announced today.

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Investment Marketing and Innovation Awards – Finalist Details

Sturgeon Ventures LLP, the most established Regulatory Incubator, are pleased to announce being shortlisted for The Investment Marketing and Innovation Awards, under the “Open Category innovation award.”
These new awards celebrate all that is fresh, new and relevant in investments. The awards categories cover both marketing and proposition development and are designed to recognise and reward innovation within the sector.

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FCA Confirms Dealing Commission rule changes to take effect on June 2nd 2014

FCA Confirms Dealing Commission Rule Changes – Rob Moulton from Ashurst shares his briefing with us.

The FCA has now confirmed the rule changes that it will make following its consultation on the dealing commission rules in CP13/17. The FCA emphasises that the final rule changes “should ensure the use of commissions is interpreted correctly as a narrow exemption”, and the changes will certainly have that effect.
However, some of the changes, in particular new wording on mixed-use payments, are complicated and will not bring additional clarity to this important area.
Whilst the FCA says that “we do not see the change to the rule and evidential provision as marking a significant departure from the standards of compliance and record keeping we would expect compliant firms to already have in place”, the volume of feedback should have given the FCA an indication that the industry does not share this view.

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Seonaid Mackenzie talking to Private Equity Manager on the topic of AIFM

Seonaid Mackenzie of Sturgeon Ventures spoke to a Private Equity Manager on the topic of AIFM in the article ‘Pain in the Annex’ published on 29 April 2014, by Thomas Duffell.

Read the article below or on the Private Equity Manager website:
The AIFMD is riddled with complexity and challenge, but reporting is one area proving to be especially concerning to private fund managers.
Recent research on the Alternative Investment Fund Managers Directive (AIFMD) reveals that many GPs are aware of what the directive says and does, but still aren’t feeling confident about their ability to fully comply with the EU law – which goes into effect this July.

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AIMA publishes new AIFM Guides (only available to members)

The AIMA has published a new set of practical guides for hedge fund managers covering the UK, Ireland and Luxembourg. The new guides will help AIMA members with answering key questions to establishing businesses or setting up funds in these locations.
Jack Inglis, AIMA CEO, said:

“We hope that these practical guides for the UK, Ireland and Luxembourg improve managers’ understanding of what they need to do in order to establish a business or fund in those locations.

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Unlocking corporate venture capital to fund Europe's growth companies

Innovation matters in today’s intensely competitive global environment, and venture capital has an outstanding record of financing some of Europe’s most innovative growth businesses.

Corporate venture capital (CVC) has long been a key part of the venture sector, but many believe that it has more to offer. In the search for a sustainable innovation strategy, a number of larger corporates have recently joined their peers in launching CVC funds and programs – and the conditions may be right for more to do so in the years ahead.

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Sturgeon Ventures enters Joint Venture with Dublin’s Gandon Alternative Fund Management

Sturgeon Ventures, the regulatory incubator, has entered into a unique joint venture with Dublin’s Gandon Alternative Fund Management to offer a full regulatory service for alternative investment funds (AIFs) in Europe.
It is the first regulatory incubation service to offer full coverage for both the Alternative Investment Fund managers Directive (AIFMD) and the Markets in Financial Instruments Directive (MiFID).

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