Growth in Private Funds The last decade has seen a significant increase in funds investing in private asset classes such as private equity, real estate and infrastructure. As yields in the bond markets have plummeted investors have explored alternative asset classes which can deliver higher returns albeit in much less liquid structures. Similarly asset managers…
On 16 December, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF) announced the fast-track procedure for ESG disclosures required to be made under the EU’s Sustainable Finance Disclosures Regulation (SFDR). All Luxembourg regulated investment funds (UCITS, Part II, SIF) that limit themselves to including only ESG disclosures in the prospectus updates can…
Morningstar Appoints Carne as ACD in the UK London, Thursday, 3rd December 2020 – Carne Group, the leading digitally driven industry platform to the Global Asset Management Industry, today announced that Morningstar has appointed Carne Global Fund Managers (UK) Ltd as the ACD for its new range of multi-asset funds. The strategies will target UK…
We had a fantastic response to our recent CP86 webinar with more than 300 registering to tune in to the views of our panel of industry experts. The webinar was hosted by Yvonne Connolly, Country Head, Carne Group Ireland, with panellist speakers Des Fullam, Group Chief Product & Regulatory Officer, Carne Group, Kieran Walsh, Director…
Introduction By signing the Paris Climate Agreement, the European Union has committed itself to pursuing the climate objectives agreed therein and to a more sustainable economic and social development. Transparency plays a key role in the transition to a sustainable and low-carbon economy and as one of the first measures of the EU Action Plan,…
Recent news about some of the COVID vaccines currently in development have hugely raised everyone’s hopes that the tough times we have all been living through over the last nine months will soon be over. For one particular group of clients, this news was even more encouraging as it signalled an end to its own…
I joined Carne as a Director in their Cayman Islands office in October 2014. One might wonder how this small-town Canadian accountant ended up working for Carne in their Cayman Islands office? I am originally from Charlottetown, Prince Edward Island, but began my career as a Chartered Accountant with KPMG in their Halifax, Nova Scotia…
Luxembourg, Thursday, 26th November 2020 – Carne Group, the leading digitally driven industry platform to the Global Asset Management Industry, today announced the appointment of Martin Dobbins as a Non-Executive Director of its Luxembourg Fund Management Company. Martin Dobbins joins Carne’s Luxembourg Fund Management Company Board of Directors with over 30 years of financial and…
Background On 22 October 2020, the European Commission (EC) launched a consultation on the review of the Alternative Investment Fund Managers Directive (AIFMD). This consultation follows the EC’s June 2020 report on the AIFMD’s scope and application that was submitted to the European Parliament and the Council. That report concluded that while the AIFMD has…
On one of our recent internal sales calls, one of our colleagues challenged us as a group to see if we could neatly sum up where client intentions stand today as regards new product launches. Like many of these debates, it started out looking like this might be a straightforward exercise but eventually as all…