An exhaustive consultation process that started last spring
on the new directive on Alternative Investment Fund Managers
(AIFM) is likely to conclude soon, with an agreement in the EU
on the text of the directive as early as next week, market
sources say. However, the expected wordings could well have
major ramifications for all non-EU, including the Asian, hedge
fund managers in at least two key areas.
The first big concern is that the directive may require non-EU
managers to comply with the entire draft provisions of the AIFM
directive, unlike the proposal earlier which...