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Alternative Market Briefing

Preqin: hedge fund managers still worried about AIFMD

Friday, July 18, 2014

Bailey McCann, Opalesque New York:

The deadline for AIFMD registration in Europe is fast approaching - July 22 is the big day. New research from Preqin shows that hedge fund manager concerns about the Directive continue to climb, as those who waited until the last minute are now faced with a daunting compliance reality.

59% of managers in the Preqin survey say AIFMD will have a negative effect on the hedge fund industry, compared to 53% in December 2013 and 29% in December 2012. A further 22% think it will have no impact and only 20% think it will have a positive impact.

US-based hedge fund managers are the most negative towards the AIFMD, with 71% stating it will have a negative impact on the industry. In contrast, Europe-based managers, excluding those in the UK, have the most positive outlook towards the Directive, with 40% of these managers stating they think it will have a positive impact on the hedge fund industry and only 45% stating they think it will have a negative impact.

"US-based hedge fund managers are the most negative towards the AIFMD, with 71% stating it will have a negative impact on the industry. In contrast, Europe-based managers, excluding those in the UK, have the most positive outlook towards the Directive, with 40% of these managers stating they think it will have a positive impact on the hedge fund industry and only 45% stating they think it will have a negative impact," says Amy Bensted, Head of Hedge Funds Products, Preqi......................

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