Hedge Funds Review – While the UK has decided to delay implementation of the AIFM directive, managers need to consider the impact of the rules and decide how they will be able to market and distribute hedge funds in Europe.
European-based hedge funds are pondering how to implement the alternative investment fund managers (AIFM) directive after publication in late December 2012 of the level 2 measures giving details of how the new law will work. Many fund management companies have been ignoring the directive, waiting for the dust to settle on the political debate and lobbying efforts.
