Latin alternative funds eye Asia following passport decision

AIFMD 'driving' South American business to Singapore

Sol Steinberg, founder, OTC Partners

This matter has been the number one issue on the minds of my international clients over the past six months. I consulted the central banks[s] of Singapore, Chile, Columbia and Peru on this. Everyone is thinking about this and sees the unfair playing fields. Most of my clients are considering minimising their relationship with the EU in favour of more operable geographies. We can expect migration away from the eurozone because of rule-making like this.

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