Preliminary Agenda

Mid-Year Market Update & State of the Retail Alternative Investment Industry Address
  • Notable retail alt market trends from the past 12 months: Has the dust finally settled? Can we expect further headwinds? New market opportunities?
  • What new equilibrium has emerged/is still emerging? Where is this industry headed? Are we experiencing a fundamental shift in which only the big players and niche/small retail alt sponsors survive? What are the implications for industry stakeholders?
  • Conversions and new product launches: What innovation are we seeing? How are sponsors continuing to adapt their business model?
  • Product structures and share classes: What are the latest trends? Their pros/cons? What is proving successful in attracting retail investor capital?
  • Fundraising amongst some retail alts is predicted to gain traction in 2018: Why the expected resurgence? How have Q1 and Q2 fared? How will the year close out? What degree of retail investor capital is being reinvested into retail alt products post-liquidity events? What are notable trends and their implications?
  • Which product types are selling? Which are stalling? Have sales of Non-Traded products bottomed out? What does a strengthening economy and a renewed interest in the stock market bode for retail capital allocation into non-correlated investment products?
  • What’s the appetite for large scale retail product offerings today? Will advisories pick up the slack on sales? How are wirehouses changing the distribution industry?
  • Liquidity events: Becoming a thing of the past?
  • Parting thoughts: What will the sponsor, product and distribution platform of 2025 look like?
Tax Reform Update: The Implications for Retail Alternatives & Their Underlying Investments
  • Six months in, what has been the impact of tax reform on different retail alternatives structures/underlying assets?
  • What are the primary 2017 tax act provisions that are relevant to commercial real estate (CRE); energy; and credit-related investments and what are the implications?
  • How can we expect retail alt product structures to be impacted going forward? Are MLPs looking particularly good right now?
  • Should real estate companies restructure their operations?
  • Like-kind exchanges: Live to see another day?
  • What’s next for retail alts in light of the 2017 tax act?
  • What, in turn, does all of this mean for the different industry stakeholders (product sponsor; IBD (Independent Broker/Dealer) and RIA; retail investor)?
Regulatory Update & Working Towards a Productive Relationship with Regulators
  • What are various states focusing on that could impact retail alternatives in the current void of DOL?
  • Key provisions within the DOL Fiduciary Rule are on hold until July 2019: What should IBDs (Independent Broker/Dealers) and sponsors be doing now to prepare?
  • “Best interest”: Are/will states establish their own standards? If yes, what are possible implications for IBDs?
  • SEC: What can we expect to see this fall?
  • How can product sponsors and IBDs work towards a more productive relationship with state/federal regulators?
Retail Alternatives Product Economics & Lifecycles Today Vs. 2013

In looking at the current economics and lifecycles of today’s key retail alt products we also discuss how these have changed since the height of Non-Traded REIT sales in 2013. We also draw conclusions from what today’s reality – and ongoing market evolution- may indicate for the future of these products. This session would be of value to prospective market entrants as well as existing sponsors considering expanding into other product types. This session would also be useful to broker/dealers and RIAs wanting to understand retail alt products in greater detail. Products addressed include:

  • Traditional Non-Traded REITs; BDCs
  • Perpetual NAV REITs
  • Interval Funds
  • Reg D
  • Reg A+
  • DSTs
  • MLPs
Approaches to Assessing Wrappers & Their Underlying Assets & Determining Their Benefit for Retail Investors’ Portfolios

In this session, we compare and contrast the different wrappers that real estate and direct lending investments can have for retail investors. In exploring their pros and cons, we also examine how any given wrapper may or may not be the best structure for the underlying assets and how IBDs/RIAs can determine if the wrapper and underlying assets are the best match for their retail clients in terms of investment time horizons, risk-return tolerances and yield expectations.

  • Understanding the interaction between the underlying assets, their wrapper and their benefit to retail investors
  • Assessing the pros and cons of different wrappers in terms of risk; liquidity, etc. for retail investors
  • “I like the underlying assets but not the wrapper.” What next?
  • Which wrappers offer the greatest protection in a market downturn? Which asset types?
  • Stress testing portfolios for a downturn
Blockchain: The Future of the Retail Alternative Investments Industry?

Blockchain within retail alternative investments is already a reality. Being touted as the biggest technology disruptor to hit commercial real estate in years, arguably, the same could be said for retail alternative investments and this is just the beginning. This session will explore blockchain applications within the retail alternative sector and will address the implications for product sponsors, distributors and retail investors.

  • What are the current applications of blockchain within the retail alt market? What impact, if any, have they had?
  • What are its potential applications and their implications for sponsors, distributors, retail investors?
  • Where does adoption of the Blockchain currently stand? What are the challenges to overcome and the next steps? What are realistic implementation timeframes? When and how will it impact the day to day workings of the retail alts sector?
  • How is the Blockchain being viewed by regulators?
  • How are broker/dealers treating bitcoin/blockchain/crypto currency issues? What are the issues that BDs need to be aware of and why?
NAV Calculation Best Practices
  • Daily vs. monthly
  • Reporting to the Board
  • SEC policies
  • Calculating NAV for NAV REITs vs. interval funds
Assessing the Impact of Key Macro-Economic & Demographic Factors on Underlying Asset Value

The objective of this session is to give insight into macro-economic and demographic factors impacting the value of underlying assets (CRE; credit; infrastructure; and energy-related investments) within retail alts offerings and hence what this means for investment potential.

  • ‘Making America Great Again’: Which asset types/geo markets are benefiting? Losing out?
  • What domestic and global macro-economic trends are likely to have the greatest impact on CRE; credit; infrastructure; and energy-related investments in the short-medium term and how?
  • What are notable demographic and social trends that retail alt investors need to be aware of?
  • Has there been a discernable impact on such retail alt investments due to Brexit? Global political instability?
  • Interest rate and inflation predictions and impact
  • What proposed fiscal policy is likely to have the greatest impact on the underlying assets of retail alt investments in the next 2-3 years? What should sponsors/retail investors be paying particular attention to? To what degree will a resurgence of interest in the US stock market impact retail alts?
  • What has been the direct and indirect impact of recent natural disasters on the US economy and subsequently CRE; credit; infrastructure and energy-related investments?
  • What can we learn from previous macro-economic cycles?
  • All things considered: Are you optimistic or pessimistic about US retail alt investment opportunities over the next 2-3 years?
Non-Institutional Product Sponsor CEO/President Panel
  • Do you think the retail alts market is headed for more turbulence in 2018-2019? If so, what will be the drivers?
  • What is it going to take to raise capital again? What needs to happen for this industry to move forward? How are you positioning for this?
  • Fee-based vs. commission-based products: How to have a “universal” product?
  • What opportunities are you currently seeing in this market?
  • What strengths can the non-institutional product sponsors play to?
  • Is there a case to be made that some product sponsors are moving beyond their core competencies in their efforts to create products that will attract retail investor capital?
  • Is the traditional Non-Traded REIT format still viable?
  • How are you viewing rising interest rates? Tax reform? What, if any, changes are you making to your products (structure/investment in underlying assets) in response?
  • What asset types (CRE; credit; infrastructure; energy-related; insurance-linked securities) currently offer the greatest opportunities or face the biggest challenges as an investment?
  • Will we see the emergence of infrastructure REITs?
  • Is there a divergence in which alts products retail investors are buying?
  • What will be the mainstay product offering for the retail alts industry in the next 2-3 years?
Institutional Product Sponsor Perspective
  • What were the drivers behind your entry into the retail alts market? Why was the timing right for you?
  • What opportunities do you continue to see within this market? What strengths are you leveraging and how?
  • What is the strategy behind your particular offering(s)? How are you differentiating yourself? Where and in what are you investing? Do you anticipate expanding into other retail alt product types? If no, why? If yes, what and why?
  • What market/macro factors are your biggest concerns in terms of CRE/credit/energy/infrastructure investing for 2018-2020?
  • Can we expect to see more large institutional players enter this market? Are we close to capacity in terms of the number of product sponsors?
  • What is the future of distribution within the retail alt market? Will wirehouses’ role increase? Do you expect to expand into other distribution channels? If so how/what?
  • Where do you see this market being in the next 2-5 years? What will be the make-up of the market in terms of stakeholder types on the product sponsor and distribution sides?
Survival of the Fittest: Strategies for Small, Entrepreneurial Product Sponsors

With an estimated $45 trillion in net worth of accredited retail investors’ dollars, retail alternatives is an attractive, albeit challenging, market today. How are small, non-brand name entrepreneurial sponsors competing for retail investor capital? How to not only survive but thrive in a highly competitive market?

  • How optimistic are you about 2018-2019? What is your main focus for the year? Challenges?
  • What are the realities of launching a retail alt investment product as a small, entrepreneurial sponsor in today’s market? What is the necessary scale to make launching a new product financially viable? How much $ is needed for market entry?
  • What entity types are best positioned to launch new product today?
  • What is your strategy for survival? How to compete for market share with institutional and/or larger established market players? What is your value proposition and how are you differentiating yourself? Are you seeing any gaps in the market that smaller sponsors can fill?
  • Structural considerations – how did you decide on what wrapper(s)?
  • How to tap into the independent broker/dealer (IBD) channel as a new product sponsor? RIAs?
  • How to be cost-efficient in getting products to retail investors? Do sponsors need their own wholesaling broker dealer or can they function without one? Having an internal broker/dealer vs. outsourcing to a managing broker/dealer?
  • What advantages do transfer agents offer?
  • How to determine when to exit and which strategy is best for your entity/your retail investors? Is a perpetual entity now the preferred route?
  • What are the rookie mistakes and how to avoid them? How to know when to call it quits?
  • Paperwork/compliance/legalities/governance
Missing the Fundraising Target: What Next for Product Sponsors?

This session explores the different options open to sponsors of products which didn’t gain anticipated market traction. The pros and cons and inherent legal issues of such options are discussed along with the impact on the distributors and retail investors.

Fundraising in a Challenging Climate
  • What is the anatomy of a successful fundraise today for non-institutional retail alt sponsors?
  • Any notable changes in product structures, terms, conditions over the past year that are positively impacting fundraising? How to use product structure to effectively attract retail capital?
  • What lessons can be learned from institutional retail alt product sponsors who have had fundraising success?
  • What product investment strategies are attracting retail investors? Having a tough time raising capital?
  • How are the direct-to-investor/online fundraising platforms performing in this sector? Can we expect more product sponsors to jump on this bandwagon? Why/why not?
  • Which route(s) to take? Direct-to-investor and/or independent broker/dealers? RIAs?
  • How can non-institutional retail alt product sponsors tap into the wirehouse market?
Broker/Dealer Leadership Panel
  • What factors affecting the retail alts market are you watching most closely?
  • How has the business of selling retail alts changed in the last 12 months? What do you see as the future role of the Independent Broker/Dealer (IBD) in the retail alt space, particularly considering increasing involvement of alternative capital raising/distribution channels such as crowdfunding, wirehouses and RIAs?
  • Does the IBD model still work for alternative investments? Will IBDs need to go to the advisory account model? How do you anticipate IBD & RIA business models continuing to evolve?
  • Can smaller IBDs still afford to put Non-Traded products on their platform? Are fees commensurate with the time/effort needed?
  • What do you have on your platform currently? What types of products are you interested in adding? Do you see any product gaps in the market? What types of products do you need to enable your reps to reallocate retail investor capital?
  • How are you modifying your platform and marketing products to attract and retain reps?
  • What do you foresee as the greatest challenge for the retail alts industry over the next 12 months? For IBDs specifically?
RIA Perspective Panel
  • What is the RIA’s evolving role in this industry?
  • To what degree are retail alts penetrating the RIA market? What will it take for further penetration?
  • What products are RIAs looking to sell?  Has your product selection criteria changed in the past 12 months?
  • How can RIAs utilize illiquid products? Should an illiquid product be charged a fee?
  • CRE; energy; credit; infrastructure: What asset types/markets are you favoring/pulling back from? Is there a flight to safety? Are you in a ‘wait and see’ mode? What investment opportunities are you seeing in this disruptive market?
  • How are you educating and advising clients in the current market/macro-economic climate?
  • Are the sales by brand-name retail alt sponsors a flight to safety or a fundamental shift amongst retail investors?
  • How can product sponsor make their retail alt offerings to be more attractive to RIAs?
Broker/Dealer Due Diligence Panel
  • What is ‘best interest’ standard and how to meet it? Do you have to re-evaluate your due diligence processes? What do you have to do to feel comfortable to sell in a ‘best interest’ environment?
  • Has your product selection criteria changed in the past year? Has access to institutional-style products affected your investment selection process? How have retail investors been responding to institutional-style products?
  • What do you look for in the performance of a product sponsor? How do you measure performance before you approve a company’s product? On an ongoing basis thereafter?
  • What can sponsors do to make their products more attractive to IBDs?
  • Fee based vs. commission based: Can there be a ‘universal’ product?
  • What retail alt product types/underlying asset types are proving to be particularly popular amongst retail investors? What is retail investor appetite for large scale offerings vs. smaller more niche offerings today? How important is brand name?
  • Do you anticipate any changes in investor demand for retail alts? If so, what and what will be the drivers? To what degree will a buoyant economy drive capital out of retail alts and back into stocks and bonds?
Family Offices & Retail Alternative Investments
  • What makes a retail alternative investment product attractive to family offices, particularly in the current investment climate? What product types/structures/assets are being favored? What are common must-have features? Buy or deny criteria?
  • What do family offices look for in a retail product sponsor? How can sponsors establish credibility? What are typical sponsor-level and product-level due diligence processes? Red flags?
  • How do family offices source retail alternative investment products? How can sponsors get on their radar? What intermediaries do sponsors often have to go through?
  • Where do retail alternatives typically fit inside the portfolio of a family office?
  • Are family offices worth the time/effort/cost to secure and maintain as an investor? What is the business case for having a dedicated effort to securing family offices?
  • Critical steps for building strong relationships and the mistakes to avoid
  • What client servicing needs/expectations do family offices have for their retail investments?
Interval Funds
  • How has the interval fund industry evolved over the past year? What are notable market trends? Any innovation?
  • What are the drivers behind their popularity for sponsors? What has been their reception amongst retail investors?
  • How is this industry performing? Are they covering distributions? Are redemptions going up?
  • Interval funds solve some problems inherent in traditional Non-Traded REITs, but are they a ‘safer’ product for IBDs to sell? What are the benefits/drawbacks of the interval fund structure? How would they fare in a down market?
  • How are IBDs accounting for interval funds in a concentration calculation? Liquid or illiquid?
  • What are the common features of interval funds that have been accepted onto IBD/RIA shelves? What are the key due diligence considerations for IBDs when assessing interval funds? What are best approaches to follow-on due diligence? How can sponsors enable a smoother, faster due diligence process for IBDs/RIAs?
  • What can we expect from the interval fund market over the next 12-18 months? What is next in their evolution?
Perpetual NAV REITs; ‘Traditional’ Non-Traded REITs; and BDCs
  • Some market analysts have stated that Non-Traded REITs will rebound in 2018: What is your perspective on the market outlook and how are you positioning for this?
  • Where do you see market opportunities? How are you competing for market share with institutional players; your Non-Traded REIT/BDC peers; and sponsors of other retail alts?
  • What is today’s value proposition for retail investors of ‘traditional’ Non-Traded REITs? For BDCs? For perpetual life REITs?
  • What business models work for Non-Traded REITs/BDCs in this regulatory climate?
  • What is the business case for ‘traditional’ Non-Traded REITs to convert to a perpetual NAV? What are the considerations involved in such a conversion for the product sponsor? For the IBD and retail investor?
  • BDCs: Is the only way up? Why the market pullback on this product type? Will large institutional players enter the BDC space as they have done the Non-Traded REIT market?
  • What next for ‘Traditional’ REITs and BDCs? Perpetual NAV REITs?
Non-Traded Preferred Equity/Stock Offerings
  • Non-Traded Preferred Stock Offerings: What are they? What is their market history? How are they structured?
  • What is driving the current growth in Preferred Stock Offerings?
  • What similarities do they share with/differences do they have to Non-Traded REITs?
  • What are their advantages/disadvantages as an investment product for retail investors? Product sponsors? How liquid are they? What do typical fees/expenses look like? How appropriate are they in the evolving regulatory environment for retail products?
  • What variations are on the market?
  • What place do they have in retail investors’ portfolios? How do they compare to other alternatives offerings for retail investors in terms of risks/rewards?
  • What are the due diligence considerations for IBDs/RIAs? How are IBDs/RIAs viewing this product? What has been the reception amongst retail investors?
Reg D & Reg A+
  • Why the growing number of product sponsors offering private placements? What features make these offerings attractive to retail investors vs. other alternative products today?
  • What types of entity are particularly well-suited to sponsor Reg D & Reg A+ offerings? Are large sponsors equipped to do smaller product raises? How great is the incentive for large sponsors to enter the private placement market?
  • Has Reg A+ finally caught on? What opportunities does Reg A+ offer product sponsors? Drawbacks? How is Reg A+ being used by REITs?
  • What is your Reg D/Reg A+ strategy – feeding a larger vehicle or a vehicle in itself?
  • What niche products, strategies, structures are appearing within new Reg D/Reg A+ launches?
  • Cannabis: the new asset for Reg D/Reg A+ offerings? What is federal law on investing in cannabis?
  • Crowded-funded offerings vs. offerings sold via IBDs/RIAs: Which way to go for sponsors? How are IBDs/RIAs viewing such offerings? Retail investors?
  • What are the regulatory, due diligence, compliance and liability hot buttons for Reg D/Reg A+ offerings?
  • What should IBDs/RIAs be aware of to protect themselves/their clients? How do advisers and investors determine if reporting provided is sufficient and what can they require of sponsors to get the information they need?
1031 Exchanges & Delaware Statutory Trusts (DSTs)
  • Why the resurgence in DSTs? What are notable market trends?
  • What opportunities do DSTs offer prospective sponsors over other retail alt offerings? Retail investors?
  • How do current DST product offerings differ? Any recent innovation?
  • Not all DSTs are created equal: What are the due diligence challenges for broker/dealers at the sponsor and property level? How to evaluate?
  • How can DST sponsors gain momentum in the RIA market?
  • Tax reform: A bullet dodged – but what changes are there that 1031 sponsors/retail investors must note?
  • Words of advice for prospective DST sponsors/retail investors
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*Law and Jurisdiction. Where you visit, register and/or subscribe to a this site or related service (as indicated on this website or otherwise notified to you), these terms (and any dispute or claim arising out of or in connection with these terms, including non-contractual disputes or claims), to the maximum extent permissible under the law of the territory that you are located in, will be governed by the laws of the State of New York. Any action to enforce these terms shall be brought in a federal court or a state court located in the state of New York, county of New York, and you agree to submit yourself to the personal jurisdiction of those courts in any such action.

*Force Majeure. We shall not be deemed to be in breach of these Terms by reason of any delay in performing, or any failure to perform any service or our obligations in relation to these Terms, if the delay or failure was due to any cause beyond our reasonable control, including but not limited to acts of God, explosions, floods, fire or accident, war or threat of war, terrorism or threat of terrorism, sabotage, civil disturbance, epidemics, prohibitions or measures of any kind on the part of any governmental, parliamentary or local authority, import or export regulations or embargoes, or industrial actions or trade disputes (whether involving our employees or of third parties).

*Severability. If any provision of these Terms is found to be wholly or partially invalid, void or unenforceable by any court having competent jurisdiction or by virtue of any legislation or any other reason, that provision shall be invalid, void or unenforceable to that extent only and no further and the validity and enforceability of the remaining provisions of these Terms shall not be affected.

*Notices. Any notice given pursuant to these Terms shall be made by email or first class post, in the case of you, to the address provided on your registration form and, in the case of us, to the address posted on the website or otherwise notified to you in relation to any relevant service. Any such notice shall be deemed to have arrived if sent by post within three (3) days of posting and if sent by email at the time of transmission.


Our Privacy Commitments

Euromoney Institutional Investor PLC and Institutional Investor Inc. (together "we") respect the privacy of every person who visits, registers with or subscribes to our websites and online publications ("you"), and are committed to ensuring a safe online experience.
This Privacy Statement outlines the information we may collect about you in relation to your use of our websites and related publications and services ("personal data") and how we may use that personal data. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor your online behaviour in order to deliver customised advertisements and marketing materials and other tailored services. This Privacy Statement also tells you how you can verify the accuracy of your personal data and how you can request that we delete or update it.

This Privacy Statement applies to all websites operated by us (as indicated on the relevant website) ("Sites"). For the purpose of this Privacy Statement "group company" shall mean Euromoney Institutional Investor plc and any of its subsidiary companies, including, without limitation, Institutional Investor Inc. Please note that the Sites may contain links to external sites and may contain advertisements for, and/or the opportunity for you to purchase products or services from third parties. This privacy statement does not cover the activities of such third parties, and you should consult those third party sites' privacy policies for information on how your data is used by them.
By accessing and using the Sites you are agreeing to the terms of this Privacy Statement.

Information about us

Our principal business activities are:

  • Business-to-Business Financial Publishing. We provide a range of products and services focused on international finance, metals, commodities, telecoms and emerging markets including magazines, newsletters, electronic information and data
  • Organisers of Seminars, Conferences, Training Courses and Exhibitions for the financial markets industry

Euromoney Institutional Investor plc Company Address:

Nestor House,
Playhouse Yard,
London EC4V 5EX
United Kingdom

Institutional Investor, Inc. Company Address:

1120 Ave of the Americas, 6th floor
New York, NY 10036

Name of the Data Controller

The Data Controllers are Euromoney Institutional Investor plc and Institutional Investor Inc.
Euromoney Institutional Investor plc is subject to the UK Data Protection Act 1998 and is registered in the UK with the Information Commissioner's Office.

Collection of Personal Data

Our primary goal in collecting personal data from you is to give you an enjoyable customised experience whilst allowing us to provide services and features that most likely meet your needs.

We collect certain personal data from you, which you give to us when using our Sites and/or registering or subscribing for our products and services. However, we also give you the option to access our Sites' home pages without subscribing or registering or disclosing your personal data.

We also collect certain personal data from other group companies to whom you have given information through their websites (including, by way of example, Euromoney Institutional Investor plc and Institutional Investor Inc, in accordance with the purposes listed below).
Please note that we do not intend to collect any personal data from children under thirteen years of age and no child under thirteen should submit any personal data to any of the Sites. Should we discover that any such personal data has been delivered to any of the Sites, we will remove that information as soon as possible.

Types of Personal Data Held and its Use

  1. Customer Services and Administration

At some Sites, Euromoney collects personal data such as your name, job title, work and/or home address, and telephone number and email address in order to register you for access to certain content and subscriptions. This information may be supplemented with demographic information from your use of our Sites such as your postal area, age, gender, purchasing preferences and interests.

At other Sites, Euromoney may only collect broad demographic information for aggregate use.

This information is used to administer and deliver to you the products and/or services you have requested, to operate our Sites efficiently and improve our service to you, and to retain records of our business transactions and communications. By using the Sites and submitting personal information through the registration process you are agreeing that we may collect, hold, process and use your information (including personal information) for the purpose of providing you with the Site services and developing our business, which shall include (without limitation) the purposes described below in paragraphs 2 and 3.

  1. Monitoring use of our Sites

Where, as part of our Site services, we enable you to post information or materials on our Site, we may access and monitor any information which you upload or input, including in any password-protected sections. Subject to any necessary consents, we also monitor and/or record the different Sites you visit and actions taken on those Sites, e.g. content viewed or searched for. If you are a registered user (e.g. a subscriber or taking a trial), when you log on, this places a cookie on your machine. This enables your access to content and services that are not publicly available. Once you are logged on, the actions you take - for example, viewing an article - will be recorded (subject to any necessary consents). We may use technology or a service provider to do this for us. This information may be used for one or more of the following purposes:

    • to fulfil our obligations to you;
    • to improve the efficiency, quality and design of our Sites and services;
    • to see which articles, features and services are most read and used
    • to track compliance with our terms and conditions of use, e.g. to ensure that you are acting within the scope of your user licence;
    • for marketing purposes (subject to your rights to opt-in and opt-out of receiving certain marketing communications) - see paragraph 3 below;
    • for advertising purposes, although the information used for these purposes does not identify you personally. Please see paragraph 5 below for more details;
    • to protect or comply with our legal rights and obligations; and
    • to enable our journalists to contact and interact with you online in connection with any content you may post to our Sites.

Please see paragraph 5 below for more information on cookies and similar technologies and a link to a page where you can turn them on or off.

  1. Marketing:

Some of your personal data collected under paragraphs 1 and 2 above may be used by us and/or our other group companies and third party service providers to contact you by email, fax, telephone and/or post for sending information or promotional material on our products and/or services and/or those of our other group companies.
We give you the opportunity to opt-out of receiving marketing communications and will in certain circumstances need to obtain your consent before sending such communications to you. Further detail can be found on the applicable Site and in each marketing communication sent by us, our group companies or service providers. See also "Consents and opt-outs" section below.

  1. Trading in Personal Data:

Some of your personal data may be collected and processed with the intention of selling it to other organisations, but this will not be done unless you have given your consent (separately to this privacy statement).

  1. Cookies and similar technologies

All our Sites use cookies and similar technical tools to collect information about your access to the Site and the services we provide.

Cookies are pieces of information which include a unique reference code that a website transfers to your device to store and sometimes track information about you. A number of cookies we use last only for the duration of your web session and expire when you close your browser. Other cookies are used to remember you when you return to the Site and will last for longer. Cookies cannot be used to run programs or deliver viruses to your computer. They are uniquely assigned to you and can only be read by a Web server in the domain that issued the cookie.

We may use cookies to:

  • remember that you have used the Site before; this means we can identify the number of unique visitors we receive to different parts of the Site. This allows us to make sure we have enough capacity for the number of users that we get and make sure that the Site runs fast enough;
  • remember your login session so you can move from one page to another within the Site;
  • store your preferences or your user name and password so that you do not need to input these every time you visit the Site;
  • customise elements of the layout and/or content of the pages of Site for you;
  • record activity on our Sites so that we understand how you use our Sites enabling us to better tailor our content, services and marketing to your needs;
  • collect statistical information about how you use the Site so that we can improve the Site; and
  • gather information about the pages on the Site that you visit, and also other information about other websites that you visit, so as to place you in a “market segment”. This information is only collected by reference to the IP address that you are using, but does include information about the county and city you are in, together with the name of your internet service provider. This information is then used to place interest-based advertisements on the Site which it is believed will be relevant to your market segment. For more information about this type of interest based advertising, and about how to turn this feature off please visit (Please email us at if you have any queries about cookies)

Some of the cookies used by our Sites are set by us, and some are set by third parties who are delivering services (such as interest based advertising directed at your market segment) on our behalf.

To see a list of the cookies and similar technologies used on this Site and instructions on how to turn them on and off click here. (Please email us at if you have any queries about cookies)

Most web browsers automatically accept cookies but, if you prefer, you can change your browser to prevent that or to notify you each time a cookie is set. You can also learn more about cookies in general by visiting which includes additional useful information on cookies and how to block cookies using different types of browser. Please note however, that by blocking, deleting or turning off cookies used on the Site you may not be able to take full advantage of the Site.

Email tracking: So that we can better understand our users' needs, we track responses to our emails - for example, to see which links are the most popular in newsletters, and to log and follow up responses to our marketing messages. To do this, we use pixel GIFs, also known as "pixel tags" - these are small image files that are placed within the body of our email messages. They enable us to tell if a message has been opened and to track click-throughs on links within the message.
Any other purposes for which Euromoney wishes to use your personal data will be notified to you and your personal data will not be used for any such purpose without obtaining your prior consent.

Consents and opt-outs

You can give your consent to or opt out of particular uses of your data as indicated above by:

  • Indicating at the point on the relevant Site where personal data is collected;
  • Informing us by email, post or phone; or
  • Updating your preferences on the applicable Site;

For turning cookies and similar technologies on and off, see the information in paragraph 5 above.


Information collected at one Site may be shared between Euromoney Institutional Investor plc, Institutional Investor Inc. and other group companies for the purposes listed above.

Your personal data may also be sold to other companies in the form of lists and directories, but only after permission from you in accordance with the provisions above.

We may also disclose your personal data to other third parties, including, without limitation, professional advisers, or governmental or State institutions or regulatory authorities, where necessary in order to exercise or defend legal rights or where required by law.

We may transfer, sell or assign any of the information described in this policy to third parties as a result of a sale, merger, consolidation, change of control, transfer of assets or reorganisation of our business.

Public forums, message boards and blogs

Some of our Sites make message boards, blogs or other facilities for user generated content available and users can participate in these facilities. Any information that is disclosed in these areas becomes public information and you should always be careful when deciding to disclose your personal information.

Transfers outside the EEA

Services on the Internet are accessible globally so collection and transmission of personal data is not always limited to one country. Euromoney Institutional Investor plc may transfer your personal data, for the purposes listed above, to other group companies, service providers or other third parties which may be located in countries outside the European Economic Area, whose laws may not give the level of protection to personal data as within the UK. This will include transfers to Institutional Investor Inc. in the US (and Institutional Investor Inc. will collect some data directly from you, in relation to the Sites which it operates) and to third parties who provide us with email and marketing services. Where we conduct any transfers we will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Statement.

Confidentiality and Security of Your Personal Data

We are committed to keeping the data you provide us secure and will take reasonable precautions to protect your personal data from loss, misuse or alteration.

The transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our Site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features described above to try to prevent unauthorised access.

We have implemented information security policies, rules and technical measures to protect the personal data that we have under our control from:

  • unauthorised access
  • improper use or disclosure
  • unauthorised modification
  • unlawful destruction or accidental loss

All our employees, contractors and data processors (i.e. those who process your personal data on our behalf, for the purposes listed above), who have access to, and are associated with the processing of your personal data, are obliged to keep the information confidential and not use it for any other purpose than to carry out the services they are performing for us.

We also give you the option of using a secure transmission method to send us personal data identifiers, such as credit card details and bank account number.

How to Access, Update and Erase your Personal Information

If you wish to know whether we are keeping personal data about you, or if you have an enquiry about our privacy policy or your personal data held by us, in relation to any of the Sites, you can contact the Data Protection Officer via:

  • Postal mail to this address: Data Protection Officer, Euromoney Institutional Investor plc, Nestor House, Playhouse Yard, London EC4V 5EX, UK
  • Telephone: +44 (0)20 7779 8600
  • Email:

Upon request, we will provide you with a readable copy of the personal data which we keep about you. We may require proof of your identity and may charge a small fee (not exceeding the statutory maximum fee that can be charged) to cover administration and postage.

Euromoney allows you to challenge the data that we hold about you and, where appropriate in accordance with applicable laws, you may have your personal information:

  • erased
  • rectified or amended
  • completed

Changes to this Privacy Statement

We will occasionally update this Privacy Statement to reflect new legislation or industry practice, group company changes and customer feedback. We encourage you to review this Privacy Statement periodically to be informed of how we are protecting your personal data.

This Privacy Statement was last updated in April 2012.

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