High hopes for alternatives redraft

Article reports that cautious optimism is breaking out in the autumn of 2009 that the European Commission’s draft directive on alternative investment fund managers will be substantially amended.

Given the avalanche of objections to many of the provisions, and the perceived sympathies of the current Swedish presidency of the European Union, expectations are high of a compromise that will allow victory to be claimed by both the alternative investment industry and the French and German phalanx that want to rein in hedge funds and private equity.

ESO: Background information: European investors likely to lose billions, says study http://www.europeansources.info/record/european-investors-likely-to-lose-billions-says-study/

ESO: Background information: EU plans for hedge fund rules under fire / EU rules on hedge funds unlikely to end debate http://www.europeansources.info/record/eu-plans-for-hedge-fund-rules-under-fire-eu-rules-on-hedge-funds-unlikely-to-end-debate/

Open Europe: Press Release, 21.9.09: EU alternative investment Directive to cost industry and investors billions http://www.openeurope.org.uk/media-centre/pressrelease.aspx?pressreleaseid=120

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