In a recent article published by HFMweek, Delegate Advisor’s managing partner, Robert Borden, discusses the potential implications of the Alternative Investment Fund Managers Directive (AIFMD) on transatlantic capital flows. Recent data suggest the directive is making the EU less appealing to non-European managers looking to raise capital, but some US investors have started to challenge reverse solicitation agreements that EU managers had requested to avoid the AIFMD.
The article goes on to discuss potential pros and cons of the directive and what the future may look like for investing in European funds. “In general it [AIFMD] is all well intended, and more transparency is always good to a degree, but we’ve seen a lot of regulatory change at one time, and so we’re in a period of digesting,” states Robert Borden.
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