The Alternative Investment Management Association is planning to respond to the UK Financial Services Authority’s consultation paper on remuneration, which was published during the summer and has caused a great deal of concern among hedge funds and other investment management firms.
The consultation paper, titled ‘Revising the Remuneration Code’, follows changes to the European Union’s Capital Requirements Directive (CRDIII). The paper proposes changes to the FSA’s existing remuneration code, which was introduced on 1 January and...