Fund Managers Forsee Growth In EU Market
A survey of fund managers from around the world found nearly 7 in 10 expect a greater assignment of assets to AIFMD (Alternative Investment Fund Managers Directive) in the next two years, despite concern over how the regulation is interpreted.
The AIFMD is a European Union (EU) regulation that applies to hedge funds, private equity funds, real estate and certain other funds. It governs their marketing, reporting and related activities.
Interviews conducted by Intertrust of over 100 alternative investment fund managers in Europe, North America, the Middle East and Asia, about the benefits and challenges generated by AIFMD since its introduction in 2011, showed most are familiar with the rules, though entering the EU market has been fraught.. According to the Hedgeweek report on the survey, "60 per cent agreed that variances of AIFMD interpretation between different EU member states are responsible for widespread confusion about implementation."
Nevertheless, there's strong interest among fund managers in using AIFMD-compliance structures to market funds in Europe; 73% expect to see more non-EU managers using AIFs to fundraise over the next two years.