Politics & Regulation

Professional advisers, trade bodies respond to vote on AIFM Directive

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Following the European Parliament’s vote to adopt the Alternative Investment Fund Managers Directive last week, a number of leading financial services firms and trade bodies have been quick to weigh in with comments and advice for alternative investment managers.

“Hedge fund managers have had to put up with almost two years of debate and delay around this directive,” said KPMG’s head of funds, Tom Brown. “The confusion has made it very difficult for them to undertake long-term strategic planning and they will welcome the end to this uncertainty.”

He added: “Most managers are already used to operating in a