June 2008
This edition of
European IMRE News contains articles that focus on topical issues, including:
- Derivative controls under scrutiny: Difficult market conditions are revealing weaknesses in derivative controls, prompting auditors to focus on whether these are adequate to comply with regulations…
- Fear returns to real estate: According to the Emerging Trends in Real Estate® Europe 2008 report jointly published by PricewaterhouseCoopers and the Urban Land Institute in March, with a few exceptions, sentiment is still deteriorating…
- Alternatives investors require more than performance: Our recent global alternative investment survey revealed that transparency and risk management can be a source of competitive advantage…
- Balancing private equity transparency and returns: A recent PricewaterhouseCoopers/Economist Intelligence Unit survey provides insight into the positive steps private equity managers can take to improve transparency…
- Real estate valuation goes global: As institutional investors increasingly focus on risk management, compliance and transparency, real estate managers need to ensure consistent valuation practices…
- Complex real estate structures create reporting challenges: As real estate structures become increasingly large and complex, it is becoming more difficult to ensure compliance and control, as well as to meet reporting requirements…
- Switzerland debates how to attract hedge fund managers: Today hedge fund managers must negotiate individual rulings to gain competitive tax treatment in Switzerland. Pressure is building to make the country more competitive…
- Sustainable development becomes an issue for private equity: The Walker Report's emphasis on corporate responsibility is in tune with greater awareness among private equity firms…
- Tax advice for sovereign wealth funds: Sovereign wealth funds can benefit from intelligent holding company structures, although they may want to be sensitive to public opinion…
- Downfall of real estate shareholder financing: The development of international think capitalisation rules from restricting non-resident shareholder financing to limiting interest expenses challenges a real estate industry which is traditionally highly debt financed…
- UCITs III enables convergence of hedge and traditional funds: As investor appetite for alternatives grows, UCITs III gives managers opportunities and challenges
- Germany simplifies UCITs notification: Implementation of CESR's guidelines for UCITs notification has resulted in liberalisation and simplification for marketing of foreign UCITs…
- UCITs IV management company debate divides Europe: Member states' contrasting views about the management company passport threaten its introduction. The outcome is hard to anticipate…
- New UK funds of alternative investment fund: The UK's proposed new rules pave the way for competitive funds of alternative investment funds, except for the current tax implications…
