Opposition to the EC draft directive on alternative investment managers is mobilising fast, with many senior figures inside and outside the industry adding their weight to the debate
AIMA, the global hedge fund trade association, has been raising its game this year to fight the industry's corner as regulators around the world have mulled new rules for hedge funds as part of a global overhaul of financial market supervision.
Andrew Baker and Paul Marshall
Often the group has appeared to be fighting alone. But now AIMA is gearing up for what will likely be its biggest battle yet - to head off a potentially major threat to the hedge fund industry in Europe as a result of the European Commission's recent draft directive - and this time the association is receiving no shortage of support.
The EC's draft directive on alternative investment fund managers, published in April, was immediately and widely criticised...