Posts Tagged: UCITS

Alternative Investment Fund Managers Directive (AIFMD) has now introduced this broad concept of risk management as an integral part of the responsibilities of the alternative investment fund managers (AIFM). Read more…

Asset managers are facing increasing levels of regulation such as UCITS IV and AIFMD, and this is putting pressure on operating costs and levels of efficiency. The industry needs to ensure it has the right tools for the job in order to realize the opportunities that the right regulations can bring about. Read more…

The VaR approach is a measure of the maximum potential loss due to the market risk, rather than leverage, taking into the account given confidence level (probability) and specific time period.     Other UCITS related terms Read more…

Synthetic Risk and Reward Indicator (SRRI) is a component of the Key Investor Information Document. SRRI illustrates a fund’s risk and reward profile through an integer number between 1 and 7. The European Securities and Markets Authority (ESMA) provided detailed guidelines for the calculation of the SRRI (CESR/10-673).     Other UCITS related terms Read more…

Relative VaR is defined as the VaR of the UCITS divided by the VaR of a benchmark or a reference portfolio (i.e. a similar portfolio with no derivatives). This can be an actual benchmark  portfolio (such as an index) or a fictitious benchmark portfolio. The VaR on the UCITS portfolio should not exceed twice the… Read more » Read more…

The Markets in Financial Instruments Directive (MiFID) replaced the Investment Services Directive (ISD).  MiFID makes changes to the regulatory framework to reflect developments in financial services and markets since the ISD was implemented.  In particular, MiFID expands the types of business that must be regulated in Ireland to include activities relating to a wider range… Read more » Read more…