Author (Person) | Masters, Brooke |
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Series Title | Financial Times |
Series Details | 30.4.09 |
Publication Date | 30/04/2009 |
Content Type | News |
The European Commission proposed on the 29 April 2009 a Directive on Alternative Investment Fund Managers (AIFM). The proposed Directive is an important part of the European Commission's response to the financial crisis, as set out in the Communication on Driving European Recovery. It aims to create a comprehensive and effective regulatory and supervisory framework for AIFM in the European Union. AIFM, which include the managers of hedge funds and private equity funds, managed around €2 trillion in assets at the end of 2008. This is the first attempt in any jurisdiction to create a comprehensive framework for the direct regulation and supervision in the alternative fund industry. The proposal now passes to the European Parliament and Council for consideration. |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |