The Alternative Investment Fund Managers Directive, approved by the European Parliament last week, will create opportunities for the onshore regulated hedge fund sector, according to the chief executive of Allfunds Alternative.
Borja Largo Landeta, chief executive officer of adviser Allfunds Alternative, says that the approval of the AIFM Directive, which was drawn up as a result of the global financial crisis, marks a significant development for firms that specialise in alternative investments.
Borja Largo Landeta from Allfunds Alternative
Largo Landeta says: “The approval of the AIFM Directive by the European Parliament is a significant development for us and a very interesting trend because our alternatives business is focused on regulated hedge funds.”
He adds: “UCITS funds have greater transparency, liquidity and regulation than their offshore counterparts. It