With the final form of the Alternative Investment Fund Managers Directive still unclear, investors should be wary of the wilder claims flying around. Appleby’s Gray Smith sorts the fact from the fiction
Arguably, far too much has already been written about the European Union’s Alternative Investment Fund Managers Directive. Some of it, though, has been of great help to the industry. Awareness of the potential problems posed by some of the earlier drafts has helped to rein in at least a few of the excesses.
