ESMA
Alternatives | 14 Feb 18
European watchdog warns of investment fund ‘fire sales’
Mismatches between the liquidity of open-ended investment funds’ assets and their redemption profiles could lead to “fire sales” to meet redemption requests in times of market stress, the European Systemic Risk Board (ESRB) has warned.
Investment | 27 Oct 17
Analysis: Fund fees wipe out ‘20% of gross returns’
The European Securities and Markets Authority (Esma) is turning up the heat on asset managers, highlighting the impact of fund charges on returns in a fresh report. Fund fees wipe out an average 20% of gross returns, according to the regulator.
Lux fund body hits back at politicised scrutiny of delegation
Growing scrutiny of European fund managers delegating portfolio management to other EU countries is motivated by “political reasons”, the chairman of the Association of the Luxembourg Fund Industry (Alfi) told International Adviser.
Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
EU warns regulators to stop ‘letter box’ investment firms
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.