Originally appeared in Financier Worldwide on July 20, 2016.
—By Simon Firth
This article considers the options for investment managers who wish to avoid authorisation under the Alternative Investment Managers Directive (AIFMD or Directive) as an AIFM and yet access EU investors. When used in this article, AIFM (alternative investment fund manager) has the meaning given in the Directive, namely a legal person whose regular business is managing one or more alternative investment funds (AIFs), and ‘managing’ means providing at least risk and portfolio management services for an AIF.
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