European Parliament – Over a year in the making, the Alternative Investment Fund Managers (AIFM) directive – widely known as the “hedge funds” directive – is reaching the final stages of approval. This note answers some basic questions about what is to be regulated and why.
It also explains some more technical issues to do with the “passport” system for marketing funds across the EU. Finally, it also compares the EU institutions’ starting positions, and shows the final outcomes, on the most controversial issues.
