Regulation & Legal

By responding early and decisively to regulatory pressures, the Channel Island has stolen a march on rival fund domiciles, argues Elliot Refson, head of funds at Jersey Finance.

Three leading lawyers share their insight on key issues in fund domiciliation and regulation.

An inverted yield curve typically precedes a recession.

SFDR’s objectives are noteworthy and for the common good, says Morgan Stanley Investment Management’s head of sustainability for global real assets, Mona Benisi.

An increase in exit cap rates and cost of debt – as well as operating costs rising faster than rental rates – were among potential inflation-driven challenges cited by managers.

Blackstone’s record-setting €21bn Mileway recapitalization comes at a time when regulators are weighing significant changes to such transactions.

For real estate managers, new rules would require additional fee disclosures and provide less flexibility in dealing with investors.

If brought into law, the proposals would include ban a raft of fees, expenses and business practices in all private funds.

The private sector is moving forward with its own ESG initiatives and standards in the absence of clear political leadership and regulatory direction.

US alternative fund managers are growing and diversifying their businesses, which is leading to a rise in outsourcing and the popularity of EU domiciles, says RBC I&TS’s Cyril Schopfer.