The AIFM Directive: Implications For Non-EU Managers

Law360, New York (August 25, 2010, 1:14 PM EDT) -- In May 2010 the European Parliament and the Council of the European Union each approved its own version of a draft Directive on Alternative Investment Fund Managers.

The directive remains a work in progress and the subject of intense lobbying efforts and political wrangling. Once a final version is implemented, the directive will introduce a harmonized regulatory and supervisory framework across the European Union for alternative investment fund managers and will significantly affect the operation and marketing of alternative investment funds, including hedge funds and private...
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