SPONSORED STATEMENT: Thinking outside the AIFMD box

Mon Apr 16, 2012

Read more:

Hedge fund managers are inevitably considering their structures and wishing to avoid what many consider to be unnecessarily intrusive rules, says K&L Gates

Martin Cornish, head of European Fund Management, K&L Gates 

Martin Cornish
Hedge fund managers are faced with an unprecedented assault on their business models. They need to think outside the box – notably the box created by the EU Alternative Investment Fund Manager Directive (AIFMD) – to ensure their businesses are not unduly compromised.

As is often the case with excessive regulation and tax, the likely industry response will be to move some business out of the EU (indeed some already have) with the unintended consequence that the EU will see a fall in assets under management from within the EU; and most probably a fall in tax revenues also.

Both regulation and tax are encouraging managers to set up operations outside the EU, not abandoning the EU entirely, but keeping those parts of their non-EU business entirely outside the reach of the EU regulators and thus minimising the commercial and...

ISSN: 2151-1845 / CDC10004H


This content is only available to HedgeFund Intelligence active subscribers and trialists.

To continue reading please, take a free trialsubscribe or log in to HedgeFund Intelligence.


Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI