15 March 2018

Workshops US

HFM & Finance Malta Workshop – Where to break ground: Selecting your European fund domicile

Find out more on selecting your European fund domicile



Date: 15 March 2018


Venue: Convene, 101 Park Avenue


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Join HFM for our upcoming workshop on Thursday, March 15.

This free to attend morning event is held exclusively for senior hedge fund managers, legal experts and administrators.

Aimed at supporting US hedge fund managers seeking to select a European fund domicile, or exploring the European fund environment, as part of their next venture.

The workshop will comprise two roundtable sessions; the first will debate the pros and cons of launching a fund through several different major European fund structures. Experts will offer insights into the regulatory and reporting requirements of each vehicle and offer tips on how to perform effective due diligence on the region they are seeking to enter.

Our second roundtable topic will give delegates a deep dive into the Maltese fund environment – our speakers will offer advice on the costs and process involved in setting up in Malta, and give an update on the local regulatory sphere, including the hot topic of cryptocurrency funds – a timely topic given the framework around the Malta Digital Innovation Authority, which was unveiled last month, in a bid to become a leader in the digital asset space.

Discussion points include:

– The structure options available, predominantly: UCITs, NAIFs, AIFS, PIFs
– The process of setting up in Malta
– The costs associated with setting up in Malta

Roundtable sessions include:

1) From Ucits to Naifs and everything in between: Navigating European fund structures

  • When it comes to expanding your business overseas, when does the firm need boots on the ground? How do you effectively perform due diligence on the jurisdiction you’re considering expansion into?
  • How do you effectively work with other senior team members when considering an expansion plan?
  • Discussion around the range of European vehicles including Ucits, Naifs, Aifs, Pifs
  • What are the differences, pros and cons of each structure? How do you choose the best options for your firm?
  • How do you manage the regulatory and reporting needs for these structures? How do you assess local law firms and other third-party partners to help with your set-up? How might Brexit impact US managers looking to enter Europe?
  • Every country has different rules regarding reverse solicitation, how do you sort through what is acceptable
  • Cap intro—what amount of risk is associated with cap intro in each country and is it worth it to take a chance or better to play it safe?

2) Costs, regulatory updates and tips for setting up in Malta 

  • The costs associated with setting up in Malta – how can you make an accurate estimate of where your costs will be?
  • Which financing elements do you need to consider, including legal costs, other third-party sources and fundraising?
  • Update on Maltese regulation –
  • A public consultation was launched last month around the inception of The Malta Digital Innovation Authority, the framework for the Certification of Distributed Ledger Technology Platforms and Related Service Providers; what does the authority represent and what will this mean for the future of digital fund launches in the region?
  • How has Malta positioned itself as a leader for cryptocurrencies and blockchain technology investment, and how can US fund managers take advantage?


Roundtable session leaders:

Thalius Hecksher, Global Director, Hedge Fund Association

Thalius has over 20 years’ experience in the Global Financial Markets with an emphasis on the Asset Management, Private Equity, Hedge Funds, Capital Raising, Emerging Managers and Technology Platforms. Throughout his career he has established strong relationships globally with all major Banks, Brokerages, and Legal firms. Thalius recently joined Trident Fund Services and is responsible for the overall leadership and growth of Trident Fund Services, the dedicated fund services division of the global Trident Trust Group. Operating in 10 fund domiciles and supported by Trident Trust’s global footprint of 34 offices, we “Provide Confidence Through Performance”.

Chris Casapinta, Country Executive Malta and Italy Desk Leader, Alter Dormus

Chris joined Alter Domus in July 2010 to set up the Alter Domus Offices in Malta. Before joining Alter Domus, Chris was a senior manager at PwC. He spent a significant part of his career within the Luxembourg office where he was responsible for managing assignments in the fund industry and large multinationals.  Chris is also director on a number of asset management firms in mainly venture capital, private equity and the real estate industries. Chris is a certified public accountant and auditor and is a member of the Malta Institute of Accountants.


Ivan Grech, Head of Business Development, FinanceMalta
.

Ivan Grech is Head of Business Development at FinanceMalta, the Public Private Partnership responsible for the promotion of Malta as an international financial services centre. Ivan has held various marketing management roles for more than twenty years within the private sector, and has gained experience in diverse industry sectors ranging from FMCG, private healthcare and the automotive business.

    James Farrugia, Investment Services and Funds Team Leader, GANADO Advocates

James Farrugia leads the GANADO Advocates’ Investment Services and Funds team’s licensing and regulatory consultancy activities. Leveraging his extensive experience working with the local competent authority, Mr. Farrugia offers clients regulatory sound insight and practical solutions throughout the licensing application process on an ongoing basis. James regularly contributes to international journals associated with investment funds and has addressed a number of local and international conferences focusing on this sector.


Agenda:

08:00 – 08:30 – Registration
08:30 – 09:30 – Discussing the different type of structures available: UCITS, NAIFS, AIFS, PIFs
09:30 – 09:45 – Refreshment Break
09:45 – 10:45 – The process of setting up in Malta
10:45 – 11:30 – Networking

This workshop is strictly by invitation only to a select group of hedge fund managers, legal experts and hedge fund administrators.

If you are interested in attending, please contact Ellie Day to apply for a place on the workshop:
T: +44 20 7832 6634
E: e.day@pageantmedia.com

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