Czech Republic wants a piece of the rising hedge fund industry, after a new EU regulation named AIFMD (Alternative Investment Fund Manager Directive) takes effect in July. Previously the highest number of hedge funds, after the U.S., are domiciled in Luxembourg, a tiny EU state. But the new EU rules, which are meant to enforce greater regulation and control in the money-managing industry, will require outside hedge funds to be domiciled in any one of the European Union members. Not only do the major EU players like Germany and the UK want a piece of this trillion dollar industry, but smaller…
Another European Country Joins the Race To Attract Hedge Funds
HFA Staff
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