Few hedge funds applying for AIFMD authorisation

Funds delay on AIFMD authorisation


Research from BNY Mellon has found that, with less than six months to go until full implementation of the alternative investment fund managers directive (AIFMD) on July 22, fewer than a fifth of alternative investment fund managers (AIFMs) have submitted an application to their local regulator for authorisation to continue managing funds affected by the directive.

The findings will come as little surprise to a hedge fund industry left scratching its collective head over the requirements in the d