AIFMD will split the industry into two, says NewFinance Capital
Tue Nov 23, 2010
The new Alternative Investment Fund Management Directive has created uncertainty in the industry.
Bertrand, director for the Schroders GAIA (Global
Alternative Investor Access) UCITS platform which is
advised by Schroders NewFinance Capital, says once European
regulators agree on the details of AIFM Directive bifurcation
will take place between UCITS hedge funds and onshore hedge
funds like specialised investment funds or qualifying investor
Bertrand director of Schroders GAIA UCITS platform
says: "AIFM Directive has created a question mark over the
industry. The new European Securities and Markets Authority,
which replaces CESR, will create some clarity over the AIFM
Directive because there are a lot of details missing in the
"UCITS hedge funds are still going to gain traction. However
ESMA will eventually draw a line between UCITS and non-UCITS
funds. At the moment there is no real alternative....
ISSN: 2151-1845 / CDC10004H
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