The AIFMD effect
How is the far-reaching Alternative Investment Fund Managers Directive impacting GPs’ fund domicile selection process? Crestbridge chief executive Graeme McArthur provides pfm an inside view.
In July, fund managers reacted positively to news that the European Securities and Markets Authority (ESMA) was interested in seeing individual EU country’s private placement regimes (NPPRs) continue beyond 2018. The landmark announcement also provided valuable insight into how the Alternative Investment Fund Managers Directive (AIFMD) is evolving where “third countries” are concerned – the advice ESMA gave to the European Commission recommended extending the AIFMD passport to a small number of well-regulated such countries.
In a keynote interview with pfm, Crestbridge chief executive Graeme McArthur explored these developments and shared insights into how the Directive is reshaping GPs’ opinions of key fund domiciles.
Source: pfm Oct 2015