Does MIFID II prevent small hedge fund taking manager external capital
Concerns and issues:
2% of $30M is $600k, thats needed nowadays, office, staff of four and accountants, lawyers, auditors, custodian
internet firewall, humidity, fake software/hardware, corrupt cables, landlord access to server
and guarantee products, investors are used to the downside protection
in china you have to guarantee no losses
easier to sue thanks to MIFID
100B fund or large trading desk of some major oil corporation
fixed operation expense annually could be $1m with legal
small investor <1M not worth since they can sue easier for loss, some get together for potential class action and more frequentNOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
Brief review of the MiFID II proposals relating to algorithmic and proprietary traders. It can be found at the link below.
Please contact me if you have any queries.
MiFID II – How It Affects Proprietary Traders and Algorithmic Traders kattenlaw.co.uk
Background The European Commission’s final draft proposals for the revised Markets in Financial Instruments Directive (MiFID II) along with a related regulation (MiFIR) were published 20 October 2011. The objective of the…
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!