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 uncertainty."
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...