Emerging markets offer promise


“EU onshore centres will grow in importance as a result of the alternative investment fund managers directive,” says Simon Firth at Kaye Scholer. He also believes Asia and South America will increasingly provide new managers.

At Aequitas Legal in Malta, Omar Zerafa thinks if regulators can come up with a “robust yet flexible regime regulating funds, there will be an expanding market in the EU”.

At A&L Goodbody in Dublin, Brian McDermott and Siobhán Moloney believe the market for Ucits funds,

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