KPMG's Robert Mirsky talks about challenges facing the hedge fund industry

Regulatory shock


What are the main concerns of managers in the US and Europe?
In the US Dodd-Frank and Form PF are at the top of everyone's agenda. In Europe the alternative investment fund managers (AIFM) directive is on the top. There is more recognition in Europe of the issues of Dodd-Frank and Form PF than there is in the US of the AIFM directive and its impact. That is a challenge.

I spoke at a conference on the AIFM directive in New York just a few months ago and when I polled the audience as to who had don