With 2017 approaching and nearly only one year to prepare for the transformation, every meeting room of fund companies and fund distributors resonates with the question “What is the status of our MIFID 2 project?” It is now important for all to find the most efficient way to comply with the new set of regulation being imposed on our business. The final print is not out yet but there is enough material available to start planning.
The menu of new constraints will be dependent on the characteristics of the distribution being performed. Everyone will have to choose between different starters, main courses and desserts according to country, activity and marketing plans. On the menu we will find things like: account segregation, cost disclosures, suitability, trading restrictions and increased due diligence.
MFEX is well advanced in developing the tools fund companies and distributors will need in order to comply with the new rules and continues to get the benefit of transparency, exchange of data and from the collection of rebates. MFEX will organize with clients in the autumn a series of presentations and meetings to further understand client’s needs.
Solutions for Mifid 2 will be formed through cooperation between fund companies and clients: who better than fund platforms to achieve the task of putting it all together?
5 new fund companies availble on MFEX:
Arcano Asset Management was founded in 2003 and is owned by its partners. With €3.2bn in assets under management, Arcano is one of the leading alternative asset managers in Spain. Arcano specializes in European private debt sector and Real Estate market in Spain. Arcano has offices in Barcelona, Madrid and New-York City.
Ambrosia is an independent asset manager based in Sweden and founded in 2016, offering active asset management. With € 200 M in assets under management, the overall objective is to provide investors with a positive return, regardless of the developments in financial markets.
Montpensier Finance is a Paris based independent asset manager. They offer 8 open-ended funds within European Equities, Convertible Bonds and Multi-Asset asset classes. They manage funds based on proprietary dynamic processes implemented by experienced management teams. The Montpensier Finance Equities and Convertible Bonds management processes are ESG-inclusive.
Assenagon is an independent asset manager founded in 2007. It specializes in capital risk control. The company provides tailor-made services, which cover the entire asset management value chain. Institutional investors have entrusted assets worth more than € 17 bn to the company.
VinaCapital is a leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.3 bn in assets under management. Today, VinaCapital is covering various asset classes (capital markets, private equity, fixed income, venture capital, real estate and infrastructure) with a focus on Vietnam. VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang and Singapore.