Following the European Parliament’s vote to
adopt the Alternative Investment Fund Managers Directive last
week, a number of leading financial services firms and trade
bodies have been quick to weigh in with comments and advice for
alternative investment managers.
"Hedge fund managers have had to put up with almost two
years of debate and delay around this directive," said
KPMG’s head of funds, Tom Brown. "The confusion
has made it very difficult for them to undertake long-term
strategic planning and they will welcome the end to this
He added: "Most managers are already used to operating in a
regulated environment. They will not be frightened of the
regulation but will be looking forward to taking advantage of
the opportunities presented by...