AIMA

NAPFM, MFA, and AIMA File Lawsuit Against SEC to Vacate Dealer Rule

Retrieved on: 
Monday, March 18, 2024
Asset Management, Professional Services, Finance, Congress, MFA, District court, LLP, Security (finance), AIMA, Gibson Dunn, National Association, Financial adviser

Bryan Corbett, President & CEO of MFA, said: “We were left with no choice but to challenge the Dealer Rule, because it will harm markets and create tremendous uncertainty for investors.

Key Points: 
  • Bryan Corbett, President & CEO of MFA, said: “We were left with no choice but to challenge the Dealer Rule, because it will harm markets and create tremendous uncertainty for investors.
  • The Dealer Rule is indeterminate and leaves certain market participants uncertain of their need to comply with the dealer regulatory framework.
  • The petitioners argue the Dealer Rule must be vacated and set aside in its entirety because:
    The SEC lacks the statutory authority to adopt the definition in the Dealer Rule because the rule captures firms that are not, and have never been considered, dealers and lacks any limiting principle.
  • The SEC engaged in arbitrary and capricious decision making, including by failing to adequately address the economic consequences of the Dealer Rule.

Cavelo Appoints MDR Pioneer Eldon Sprickerhoff to its Board of Directors

Retrieved on: 
Thursday, January 25, 2024
MDR, Knowledge, Lung compliance, AIMA, Innovation, Risk, Sector, Acquisition, Organization, Growth, Medical device

KITCHENER, ON, Jan. 25, 2024 /PRNewswire-PRWeb/ -- Attack surface management technology provider Cavelo Inc. today announced the appointment of Eldon Sprickerhoff to its Board of Directors, effective immediately. Mr. Sprickerhoff founded eSentire, a pioneering Managed Detection and Response (MDR) provider.

Key Points: 
  • Sprickerhoff Brings Deep Cybersecurity Product, Innovation and Advisory Experience
    KITCHENER, ON, Jan. 25, 2024 /PRNewswire-PRWeb/ -- Attack surface management technology provider Cavelo Inc. today announced the appointment of Eldon Sprickerhoff to its Board of Directors, effective immediately.
  • Mr. Sprickerhoff founded eSentire , a pioneering Managed Detection and Response (MDR) provider.
  • "Joining the company's board of directors is a natural extension of ongoing collaboration with Cavelo, and a long-standing relationship with its founders, who boast a proven entrepreneurial track record.
  • "We're thrilled to welcome Eldon to our board of directors," said James Mignacca, CEO of Cavelo.

NAPFM, MFA, and AIMA Challenge SEC Securities Lending and Short Position Reporting Rules

Retrieved on: 
Tuesday, December 12, 2023
Professional Services, Courts, Public Policy, Government, Legal, Finance, Asset Management, Banking, Disclosure, MFA, Analysis, Security (finance), Fifth Circuit Four, Administration, Insurance, Nature, Sullivan & Cromwell, National Association, Oliver Cromwell, Managed Funds Association, AIMA, Congress, Financial adviser

As noted in the petition, despite finalizing the two closely related rules on the same day, the SEC disregarded the interconnectedness of the rules and adopted vastly different reporting requirements.

Key Points: 
  • As noted in the petition, despite finalizing the two closely related rules on the same day, the SEC disregarded the interconnectedness of the rules and adopted vastly different reporting requirements.
  • As a result, the rules would apply contradictory and incoherent approaches to two aspects of the same underlying transaction: the short sales themselves and the loans of securities to facilitate those short sales.
  • In particular, the SEC protects the value of anonymity for short sellers in one rule, —where it acknowledges short sellers’ contributions to liquidity and price efficiency—but then in the other rule exposes short sellers’ confidential securities lending and position information on a granular basis.
  • Borrowing securities is a necessary component of effecting short sales, which support price discovery, promote market stability, and reduce market risks.

Portugal Pathways Warns of 'Ticking Bureaucratic Bomb' as 350,000 Visa Applications Backlog Grows in Portugal

Retrieved on: 
Friday, November 3, 2023
AIMA, Family, Foreigners and Borders Service, Integration, Government, Face, NHR, High commissioner, Visa, SEF, Non-Habitual Resident, Life insurance, Pharmaceutical industry

Portugal Pathways is calling on the Portuguese government to invest in AIMA so that it can process visa applications more efficiently.

Key Points: 
  • Portugal Pathways is calling on the Portuguese government to invest in AIMA so that it can process visa applications more efficiently.
  • "People's futures should not be derailed due to a bureaucratic backlog," said a spokesperson for Portugal Pathways.
  • "Portugal is a wonderful country with a lot to offer," said a spokesperson for Portugal Pathways.
  • Portugal Pathways and its professional supply chain partners will continue to advocate for people moving to Portugal, but they cannot guarantee that visa and NHR tax status applications will be processed by the deadlines.

MFA Files Lawsuit Against SEC to Prevent Adoption of Private Fund Adviser Rule

Retrieved on: 
Friday, September 1, 2023
Professional Services, Courts, Public Policy, Government, Legal, Finance, Asset Management, MFA, Investment Advisers Act of 1940, LSTA, AIMA, Pension, Disclosure, Appellate court, United States Court of Appeals for the Fifth Circuit, Fifth Circuit Four, Managed Funds Association, AIC, Gibson Dunn, National Association, Privatization fund, American Investment Council, Financial adviser

The petitioners are represented by Gene Scalia and Helgi Walker of Gibson, Dunn & Crutcher LLP.

Key Points: 
  • The petitioners are represented by Gene Scalia and Helgi Walker of Gibson, Dunn & Crutcher LLP.
  • “The SEC has overstepped its statutory authority and core legislative mandate, leaving us no choice but to litigate,” said MFA President and CEO Bryan Corbett.
  • “The Private Fund Adviser rule will harm investors, fund managers, and markets by increasing costs, undermining competition, and reducing investment opportunities for pensions, foundations, and endowments."
  • The negative effects on private fund advisers and their investors are a product of these harmful aspects of the rule:
    Needlessly limiting the right of private fund advisers and their investors to tailor their relationships and interactions;
    Enacting overreaching prohibitions and restrictions on certain private fund adviser activities; and
    Imposing onerous, costly disclosure requirements and administrative obligations upon private fund advisers.

KBRA Joins ESG Integrated Disclosure Project’s Executive Committee

Retrieved on: 
Thursday, June 15, 2023
Banking, Professional Services, Environmental, Social and Governance (ESG), Finance, ACC, PRI, Socially responsible investing, LSTA, AIMA, KBRA, Disclosure, Loan Market Association, Executive Committee, CDP, ESG, Principle, Online shopping

KBRA is pleased to announce that Pat Welch, Chief ESG and Ratings Policy Officer, will represent KBRA on the ESG Integrated Disclosure Project’s (ESG IDP) Executive Committee.

Key Points: 
  • KBRA is pleased to announce that Pat Welch, Chief ESG and Ratings Policy Officer, will represent KBRA on the ESG Integrated Disclosure Project’s (ESG IDP) Executive Committee.
  • ESG IDP’s goal is to promote greater harmonization and accountability in the disclosure and reporting of key ESG indicators within private credit markets.
  • KBRA has been heavily focused on facilitating better quality and more consistent ESG disclosures, and the ESG IDP is a very important step to enhancing this data in the private credit and syndicated loan space.
  • The ESG IDP is also supported by a coalition of market stakeholders including CDP, the ESG Data Convergence Initiative, and the Loan Market Association.

Alternative Credit Managers Launch ESG Integrated Disclosure Tool

Retrieved on: 
Tuesday, November 8, 2022
Professional Services, Environmental, Social and Governance (ESG), Business, Other Professional Services, Finance, Consulting, Banking, IDP, First Nations in Ontario, United Nations, Investment, Environment, EDCI, Industry, SME, Adoption, Apollo Global Management, Association, Growth, ESG, CDP, LSTA, Disclosure, Materiality, Socially responsible investing, LP record, Popular Executive Committee of Valencia, PRI, AIMA, Executive Committee, Loan Market Association, LMA, Insurance, Documentation, Loan Syndications and Trading Association, Policy, AUM, Lead, Fatigue, Principle, GP, Apollo, Research, ACC, Public Sector Pension Investment Board, Risk management, Lithium

A group of leading alternative asset managers and industry bodies in the private and broadly syndicated credit markets have today announced the launch of the ESG Integrated Disclosure Project (ESG IDP) template.

Key Points: 
  • A group of leading alternative asset managers and industry bodies in the private and broadly syndicated credit markets have today announced the launch of the ESG Integrated Disclosure Project (ESG IDP) template.
  • For investors, the ESG IDP template enhances their ability to identify industry-specific ESG risks in their credit portfolios and compare meaningful data across alternative asset managers more consistently.
  • Jiri Krol, Global Head of the Alternative Credit Council, said: SMEs and mid-market businesses require a more proportionate approach to ESG disclosure than large public corporates.
  • Michael Kashani, Head of ESG Credit at Apollo and the inaugural Chair of the ESG IDP, stated: I am thrilled to be a part of the ESG IDP as it represents an important step in addressing ongoing ESG disclosure challenges in the private credit markets.

Calderwood Named Best Offshore Governance Firm at US Hedge Fund Industry Awards

Retrieved on: 
Wednesday, September 28, 2022
Finance, Accounting, Professional Services, Other Professional Services, Asset Management, Gulf of Alaska, Industry, AIMA, Ronan Guilfoyle, HFM, CIMA, Multimedia, Financial services, Financial adviser

Calderwood, a leading Cayman Islands boutique fund governance firm, has been named Best Offshore Governance Firm at the HFM US Services Awards 2022.

Key Points: 
  • Calderwood, a leading Cayman Islands boutique fund governance firm, has been named Best Offshore Governance Firm at the HFM US Services Awards 2022.
  • View the full release here: https://www.businesswire.com/news/home/20220927005382/en/
    (L-R) Wade Kenny, Laura McGrath, Ronan Guilfoyle Calderwood Named Best Offshore Governance Firm at US Hedge Fund Industry Awards (Photo: Business Wire)
    Recognising excellence among US hedge fund service providers for performance in client service, innovation in product development, as well as sustainable business growth over the past 12-months, the HFM annual awards ceremony is a highly-anticipated event on the US fund industry circuit.
  • Since launching in 2016 with two co-founders, Calderwood now has eight highly experienced fund directors, with 300+ fund manager relationships.
  • Calderwood is a fund governance firm founded in March 2016.

Electric Motorcycle Market Size to Grow USD 11410 Million by 2028 with a CAGR of 6.5 | Valuates Reports

Retrieved on: 
Monday, September 26, 2022
Lithium, Magnet, Adoption, Carbon, Time, Efficiency, COVID-19, City, Car, THE, Scooter (motorcycle), Internal, Growth, Air pollution, Review, Noise, AIMA, Torque, USD, EV, IPM, Research, Tax, CAGR, Renewable energy, Car rental, Electric motor

BANGALORE, India, Sept. 26, 2022 /PRNewswire/ --The Global Electric Motorcycle Market is Segmented by Type ( Electric Motorcycle, Electric Scooter ), by Application (Sealed Lead Acid, Lithium Ion): Global Opportunity Analysis and Industry Forecast, 2022-2028.

Key Points: 
  • BANGALORE, India, Sept. 26, 2022 /PRNewswire/ --The Global Electric Motorcycle Market is Segmented by Type ( Electric Motorcycle, Electric Scooter ), by Application (Sealed Lead Acid, Lithium Ion): Global Opportunity Analysis and Industry Forecast, 2022-2028.
  • Due to the COVID-19 pandemic, the global Electric Motorcycle market size is estimated to be worth USD 7817 Million in 2022 and is forecast to a readjusted size of USD 11410 Million by 2028 with a CAGR of 6.5% during the review period.
  • Growth in investment for research and development to carve the way for innovations is expected to fuel the electric motorcycle market.
  • Top Companies in the Electric Motorcycle Market:
    Global Electric Motorcycle key players include Yadea, AIMA, Lvyuan, Sunra, TAILG, etc.

Dechert Welcomes Financial Services Partner Back to its London Office

Retrieved on: 
Wednesday, September 21, 2022
Partner, Dechert, Culture, Reading Partners, Creativity, Growth, African, Industry, AIMA, LLP, FSA, Student, Marketing, Education, Lawyer, Security (finance)

LONDON, Sept. 21, 2022 /PRNewswire/ -- Dechert LLP announced today that Colin Sharpsmith has returned to the firm as a partner in the financial services and investment management practice based in London, strengthening the firm's financial services regulation capability.

Key Points: 
  • LONDON, Sept. 21, 2022 /PRNewswire/ -- Dechert LLP announced today that Colin Sharpsmith has returned to the firm as a partner in the financial services and investment management practice based in London, strengthening the firm's financial services regulation capability.
  • Mr. Sharpsmith has broad experience in financial services regulation with particular focus on investmentfunds and the rules governing their management and marketing in the UK and Europe.
  • "Colin's wide-ranging regulatory expertise advising asset managers and private equity firms will be an excellent addition to our investment management practice in London" said Gus Black, co-chair of Dechert's global financial services group and chair of Dechert's London Management Committee.
  • I am looking forward to being reunited with my former colleagues in London and helping drive the firm's future growth in the financial regulatory space."