Sign up for free newsletter

 

Brian Forrester, investment partner at Deloitte

HM Treasury consultation paper goes beyond AIFMD minimum rules, says Deloitte


HM Treasury’s latest Alternative Investment Fund Managers Directive (AIFMD) consultation paper goes significantly beyond the minimum rules contained in the Directive for small hedge fund managers, according to Brian Forrester, investment partner at Deloitte.

While the Treasury does not propose to apply the full Directive to managers of unregulated collective investment schemes, it does propose to apply similar rules to those that are currently applicable to operators of retail investment funds.

This will include requiring those firms to appoint a depositary, says Forrester (pictured).

A Deloitte survey indicated that small hedge fund managers would be hit hardest by the Directive, with the single biggest increase in ongoing costs caused by the requirement to appoint a depositary.

Smaller hedge fund managers will be unhappy having to bear these costs, which the Directive itself requires only of larger fund managers.

events
6 weeks 2 days from now - New York
7 weeks 2 days from now - Hong Kong
7 weeks 2 days from now - Los Angeles
8 weeks 18 hours from now - Monte Carlo
8 weeks 18 hours from now - New York
listingsdirectory
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
RFA (Richard Fleischman & Associates)
Tue, 05/04/2016 - 14:25
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications