AIMA keeps up pressure on AIFMD as Level 2 work begins
Wed Jan 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
Andrew Baker We have concluded the initial drafting of the
legislation (Level 1...
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