How Asian funds will avoid EU directive

Author: | Published: 1 Sep 2009

Asia-based funds will be forced to rethink the ways they raise money, their fund structures and their operational infrastructure if the EU’s Alternative Investment Fund Management (AIFM) directive goes through.

The AIFM directive will prevent delegation of fund management outside the EU. As a result, funds with their headquarters in Asia could be prevented from raising money in Europe, and global funds could be prevented from delegating investment management to Asia.

The directive provides for a marketing passport, but this will not come into effect for three...