Mon, Feb 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian asset managers lose interest in Europe because of AIFMD

Wednesday, June 27, 2012

amb
Matt Feldmann
From Komfie Manalo, Opalesque Asia: The pending implementation of the Alternative Investment Fund Manager Directive (AIFMD) is driving the majority of Asia-based asset managers to lose interest in Europe as an investment destination. This was the result of a joint survey by financial publication Asian Investor and international law firm Clifford Chance.

Matt Feldmann, partner at Clifford Chance, believes that the AIFMD, which is scheduled for implementation in 2013, is the primary concern of most Asian asset managers for erasing Europe off their radar. The effect of AIFMD is already being felt by many hedge funds and private equity firms in Asia that are finding it difficult to raise assets from European investors.

Feldmann said, "That, and with liquidity issues in Europe, many managers seem to think that Europe is not worth the bother."

At least 160 asset managers, asset owners and distributors of investment products from Asia participated in the joint survey.

Only 9% of the respondents said they would consider going to continental Europe, a steep decline from 20% last year. The UK in particular received only 5% positive response with 40% putting North America among their top-three destinations of global capital, while Asia ex-Japan and China/Hong Kong topped the charts.

"It shows people don’t expect to raise assets from......................

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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed