Défis et opportunités de la directive AIFM

In Carnet de veille
Déroulez ici

Le 19 octobre dernier, le Conseil Ecofin était finalement parvenu à  un accord sur une régulation des fonds alternatifs (hedge funds) via la directive AIFM (Alternative investment fund managers). La principale pierre d’achoppement à  surmonter concernait le principe d’attribution du “passeport” devant garantir une ouverture du marché européen.

Dans ce contexte, le cabinet Ernst & Young a publié une étude de 28 pages qui analyse les opportunités et défis de cette directive et relève l’impact stratégique de sa mise en oeuvre pour les acteurs financiers.

Navigating the challenges and opportunities of the AIFM Directive

The proposed Alternative Investment Fund Managers (AIFM) Directive will have a profound structural impact on the fund industry, both in Europe and internationally. The Directive covers all alternative sectors such as hedge funds, real estate and private equity, but also traditional sectors where the funds are not registered as UCITS. It applies to funds, certain corporate collective investment vehicles such as joint ventures and may also apply to leveraged managed accounts. Such products are generally for professional investors, but may also be sold to retail investors.

This publication provides you with a simple guide to this complex piece of regulation, and outlines its major strategic and compliance implications for the various alternative industry stakeholders.

Discover  this publication   (pdf, 1.7mb)  via  “A new dawn for alternative investments?” publication – Ernst & Young – Luxembourg. (cache – new-dawn-for-alternat-invest-0910)

Autre référence utile:

La newsletter