Politics & Regulation

Final EU directive expected next week, ramifications worry Asian managers


An exhaustive consultation process that started last spring on the new directive on Alternative Investment Fund Managers (AIFM) is likely to conclude soon, with an agreement in the EU on the text of the directive as early as next week, market sources say. However, the expected wordings could well have major ramifications for all non-EU, including the Asian, hedge fund managers in at least two key areas.

Christophe Lee

The first big concern is that the directive may require non-EU managers to comply with the entire draft provisions of the AIFM directive, unlike the