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Why funds are reaching for a finance umbrella

Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.

Why this is a fight that should be picked

As US Congress gets ready to reform the tax code, private credit and private equity firms will square off with elected leaders over a tax deduction that is crucial to both asset classes.

UK post-Brexit marketing position still unclear

The UK is unlikely to be approved for a marketing passport in time for a 2019 exit from the EU.

Legal expert swaps Hayfin for Pemberton

Bethany Walker, who has also worked for Macfarlanes and DLA Piper, will support the London-based fund manager’s deal teams.

Analysis: Why Brexit impact on funds may be limited

Brexit will have implications for loan-originating fund structures but they may not be too dramatic, according to Patricia Volhard of Debevoise.

ESMA hints at tougher approach to relocations post-Brexit

Opinion from the organisation hints at a tougher time for asset managers seeking to get authorised in the EU market post-Brexit.

Investors unaware of ex-Salus CEO's fraud charges – exclusive

Andy Moser’s fellow Scargo Hill Capital co-founders were also unaware of the accusations made against him.

Lender transfer rights being eroded

A new report shows borrowers pushing back against lenders’ ability to transfer their loans, even in default scenarios.

ESMA warns firms over Brexit flight

Authority chairman Steven Maijoor also cautions EU27 regulators about applying FCA authorisation in their own jurisdictions.

Pillarstone appoints general counsel

Mark Knight joins Pillarstone as general counsel after serving as a partner at Kirkland & Ellis.