Brussels bother: alternative investment fund managers directive


In the case of the not-quite-final draft of the alternative investment fund managers directive, the damage is considerable and could be fatal for three good reasons.

First is the blatant political nature of the directive. Depending on your stance and degree of cynicism, the draft directive is an attempt to crucify the City of London, destroy the hedge fund industry in Europe (and at the same time pay back Ireland for its lack of support for the Lisbon Treaty and Luxembourg for its far-too

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