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Alternative Market Briefing

Survey finds London’s financial status will not be affected by AIFMD

Tuesday, July 24, 2012

Beverly Chandler, Opalesque London: A survey by compliance consultants the IMS Group has revealed that the alternatives industry is uncertain as to how the arrival of The Alternative Investment Fund Managers Directive (AIFMD) will impact on investment firms.

The survey was conducted among a group of 150 delegates at an IMS briefing on AIFMD. Findings included that with a year to go before its implementation, two fifths of the survey’s respondents (41%) were still assessing whether AIFMD would cause managers to make structural changes to their organisation. Further to this, 42% of respondents to the survey expected that AIFMD would influence their marketing strategies from 2013 onwards, 29% expected little influence and 23% didn’t expect any influence.

The survey came as news was announced that the publication of the final detail of the directive, which was slated for release on 22 July 2012, had been delayed, causing further uncertainty in the investment management industry.

IMS reported other findings that included:

  • 77% of respondents think regulatory developments such as AIFMD will have little or no impact on the attraction of London as a financial hub.
  • Capital requirements (19%) and risk management (21%) were highlighted as the top areas of concern for respondents within AIFMD, followed by depositary liability (14%) and remuneration (12%).
  • The largest negative impact of AIFMD is expected to be the ability to fundraise in Europe. Ho......................

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