Divergence, convergence and common trends in global industry

Opinions differ on how the industry is developing. Some see convergence while others observe divergence.

What is certain is that nothing is certain at the moment. The regulatory limbo of funds based within the EU as they await the outcome of debates on the alternative investment fund managers (AIFM) directive means many are playing safe and opting for regulated onshore products rather than the traditional Cayman structures. US fund managers also face unknown regulatory oversight, although it is

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