June 2020 review found the directive worked well – so why open Pandora’s box?
US group has received approval from the Dutch authorities to operate an Alternative Investment Fund Manager (AIFM)
The legislative barriers restricting the cross-border distribution of funds across Europe have to be removed and replaced with harmonised rules at EU level, the European Federation of Financial Intermediaries and Financial Advisers (Fecif) says.
Around half of hedge funds intend to launch a new fund by the end of next year and most are reporting rising assets, according to industry research.
With the AIFMD-deadline of 22 July approaching, the majority of fund managers active in Europe have not yet filed an application.