Hedge funds scramble to meet AIFM directive rules

US and EU buildings
EU’s AIFM directive and US regulations add to compliance burdens of hedge funds

European-based hedge funds are pondering how to implement the alternative investment fund managers (AIFM) directive after publication in late December 2012 of the level 2 measures giving details of how the new law will work. Many fund management companies have been ignoring the directive, waiting for the dust to settle on the political debate and lobbying efforts.

With the deadline of July 22, 2013 now fast approaching, many have yet to determine if they will be AIFM-compliant or even if they wa

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