Asia funds will lobby despite AIFM approval

Author: | Published: 21 Oct 2010

Asia’s hedge fund industry will continue to lobby on behalf of managers and investors even though European finance ministers have accepted the draft agreement of the EU’s Alternative Investment Fund Mangers (AIFM) directive.
Clifford Chance’s Asia regulatory practice co-head and funds partner in Hong Kong, Mark Shipman, said efforts would continue to safeguard Asian managers' ability to tap European capital despite the improved position reflected in the most recent agreement.

“There remains concern that non-EU based managers will have to comply with the full text of the directive if they want to access EU investors,” he explained. This includes the sections on remuneration, leverage...