Hedge funds are thriving in France, due not least to a positive approach by the regulatory authorities. The Autorité des Marchés Financiers, created by the merger of several regulators, is praised both publicly and privately by French managers
It is unusual in any area of the financial services industry – and almost unheard of in the hedge fund world – to find market participants speaking with virtually one voice about anything, let alone doing so positively about a market regulator. But it seems that hedge fund managers in France have nothing but praise, both publicly and in private, for the Autorité des Marchés Financiers (AMF).
Established in 2003, following the merger of the Commission des Opérations de Bourse (COB), the Conseil des Marchés Financiers (CMF) and the Conseil de Discipline de la Gestion Financière (CDGF), the AMF is responsible, inter alia, for the regulation,...