Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global Perpectives finds AIFMD will cause the death of the traditional hedge fund

Tuesday, May 29, 2012

Beverly Chandler, Opalesque London: Shane Brett, managing director of Global Perspectives has written about the arrival of AIFMD in a paper entitled 'AIFMD & the Death of the traditional Hedge Fund’.

Brett feels that rightly or wrongly hedge funds in mainland Europe have an unenviable reputation. "Despite no Hedge Fund ever having required a public bailout, the EU has used the current economic crisis as a pretext to increase regulation across the industry in Europe" he writes. The most recent, third and final draft version of the AIFM Directive was published in May 2012 and has, Brett feels, reintroduced many of the more prohibitive requirements that were first seen in the original draft but had been successfully lobbied down in the second version.

Brett writes: "Incredibly, this final version has even been criticised by such unlikely sources as ESMA (the EU’s own super regulator) and the ECB but still looks likely to become law across the EU in July 2013. We believe the adoption of AIFMD signals the death of the traditional largely unregulated alternative investment "black-box" which pre-dominated the industry for so long. Instead we are moving towards a more standard and invasive model of financial regulation, similar to the UCITS regime in Europe".

For hedge funds, this......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November