UK leads 12-state rebellion against EC hedge fund rules

Most European alternative investment fund managers are now resigned to the fact they will need to very shortly comply with the AIFMD. The evolution of the legislation has been a long and painful journey (going back to early 2009) and yet much still remains unclear. The frustrations felt by most in the alternative funds industry are reflected by 12 EU regulators (including the UK) in this unprecedented statement to the European Commission.  Sadly, it is too late to make a difference!

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