Having done the easy bit and set up their funds, the UK’s alternative investment fund managers must now tackle the hard part – the EU’s Alternative Investment Fund Managers Directive. With the new law coming into effect this summer, Stephenson Harwood’s James Tinworth explains how they can do this
The EU’s Alternative Investment Fund Managers Directive (AIFMD) will hugely affect the management and marketing of alternative investment funds (AIFs) within the European Economic Area (EEA). (For the purpose of this article, AIFs are, broadly speaking, any investment fund that is not a Undertakings for Collective Investment in Transferable Securities (UCITS) fund.)
