Alternative Investment Funds in Europe

Author (Person) ,
Publisher
Publication Date 2014
ISBN 978-0-19-965772-8
Content Type

The book provides a full and practical review of the impact of the highly controversial European Directive on Alternative Investment Fund Managers, which was adopted after much debate in October 2010 (AIFMD).

The AIFMD is intended to be a regulatory response to systematic risks that came to light in the financial crisis and will have a broad and material impact on the manner in which investment managers may operate and offer non-retail funds (including hedge funds, private equity funds, real estate funds and infrastructure funds), which were previously largely unregulated. The AIFMD not only regulates fund managers based in the EU, but also seeks to regulate non-EU managers who seek to offer non-EU funds to EU investors. Accordingly, the AIFMD will impact all fund offerings to professional investors based in the EU, potentially severely limiting the range of investments available to EU pension funds, insurance companies and other institutional investors.

The book begins with a detailed review of the AIFMD itself, including the 'Level 2' rules. The bulk of the book consists of chapters that analyse and explain the national implementation legislation of the EU Member States. Through this structure, the work provides the reader with fast-track access to the regulation at European and national level of non-retail EU and non-EU funds and fund managers, which are caught by the AIFMD.

Readership: Lawyers in private practice specializing in asset management in Europe, the US and rest of the world; In-house legal counsels to institutional investment managers and investment banks in Europe, the US and rest of the world; Scholars interested in asset management and regulation.

Contents:
1: Danny Busch & Lodewijk Van Setten: Introduction
2: Danny Busch & Lodewijk Van Setten: The European AIFMD
3: David Rouch: United Kingdom
4: Bert Verdoodt: Belgium
5: Stephane Puel: France
6: Dr Thomas Paul & Dr. Christian Schmies: Germany
7: Michael Jackson & Dualta Counihan: Ireland
8: Francesco Crocenzi: Italy
9: Claude Kremer, Michele Eisenhuth, Gilles Dusemon & Catherine Martougin: Luxembourg
10: Kees Groffen & Bernard Spoor: Netherlands
11: Salvador Ruiz Bachs & Prof Emilio Diaz Ruiz: Spain
12: Dan Hanqvist: Sweden
13: Danny Busch & Lodewijk Van Setten: Conclusions

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