The AIFMD Deadline Tomorrow: Is The Industry Ready?

Fund managers across the globe have long been apprehensive about the Alternative Investment Fund Managers Directive (AIFMD), a package of measures drawn up by European authorities to regulate the alternative funds industry after the 2008 financial crisis. It brings within its fold entities such as hedge funds, private equity funds, real estate funds and other alternative investment vehicles that were previously not regulated (such as under the UCITS Directive) and therefore criticized for lack of transparency. The AIFMD seeks to achieve the twin objectives of (1) subjecting this industry to uniform regulatory standards and (2) to foster cross-border marketing of…