AIMA keeps up pressure on AIFMD as Level 2 work begins
January 26, 2011
There is still plenty of hard graft ahead over the next couple of years to mitigate the effect of the EU's Alternative Investment Fund Managers Directive
In its original draft form, the European Union’s Alternative Investment Fund Managers Directive (AIFMD) could have dealt a fatal blow to the hedge fund industry in Europe. Thanks to an intensive and intelligent lobbying/PR campaign spearheaded by AIMA, the outcome was very much better than it might have been. But the job is not done yet: with work now starting on the more detailed Level 2 stage of the implementation process, there is still plenty of hard graft ahead over the next couple of years and there are still plenty of areas for potential concern about the impact on the industry. EuroHedge spoke with AIMA’s chief executive Andrew Baker about the process so far and what needs to happen next
Are you broadly satisfied with the end result of the AIFMD negotiations?
Andrew Baker We have concluded the initial drafting of the legislation (Level 1...
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