As we steadily work through the implementation of the ESMA Liquidity Stress Testing requirements with our clients ahead of the deadline at end of September, we are having a lot of interesting conversations. One key question being discussed is around which historical market scenarios are the most appropriate to stress test the likely behaviour of…
Introducing Carne Digital Carne’s Digital Team includes IT architects, developers, engineers, programmers, business analysts and project managers. The team is located across multiple Carne offices and is made up of highly experienced professionals from mainland Europe, India and Russia. The team has extensive experience and expertise in designing and building industry software and delivers risk…
Carne was awarded the first European Long-Term Investment Funds (ELTIF) licence by the CSSF in Luxembourg in 2019. The licence allows Carne to offer AIFM services to ELTIFs. What is an ELTIF? The ELTIF was created to increase the amount of non-bank finance available for companies investing in the real economy and infrastructure of the…
Meredith A. Jones Investment researcher and author of “Women of The Street: Why Female Money Managers Generate Higher Returns (And How You Can Too)” Meredith Jones is a recognised advocate for the very real benefits that diversity and inclusion can make within asset management. In 2019 she testified before the U.S. House…
AIFMD Review Article 69 of AIFMD requires the European Commission to review the application and scope of the Directive. Having commissioned KPMG to undertake an initial survey, the Commission submitted a brief report to the European Parliament and the EU Council in June, setting out its preliminary thoughts. On 19th August ESMA wrote to the…
Background The Cayman Islands newly enacted Private Funds Law (the “PFL”) came into full effect on August 8th, 2020 impacting more than 11,000 closed ended funds. Prior to the enactment of the PFL on February 7th, 2020 closed ended funds (referred to in the PFL as private funds) were not monitored by the Cayman Islands…
We remain committed to providing a safe and healthy workplace for all employees, our business partners and our community. From our remote locations we continue to operate as one global team, providing efficient and effective support to our clients using our agile business model and technology. As we continue to adapt to our new reality,…