
AIFMD having little impact on fund marketing
More than half of GPs say the Alternative Investment Fund Managers' Directive (AIFMD) has had little impact on their marketing activities with just a year to go until implementation, according to a survey by IMS Group.
However, many expect the AIFMD will have a negative impact on their ability to fundraise in Europe.
Final details of the directive have yet to be published, having recently been delayed until the end of the summer. IMS's survey found some 41% of fund managers are still assessing the impact of AIFMD, despite there being less than a year until the directive is due to be implemented in EU member states.
Despite the "marketing passport" being a major part of the AIFMD, just 6% of alternative fund managers say they are already making a lot of changes to their marketing, while 42% expect it to affect marketing from 2013 onwards. However, 52% say the directive has had little or no impact on their marketing activities.
Respondents' biggest concerns over AIFMD are focused around risk management, with capital requirements a close second.
EU member states are expected to have implemented the AIFMD into their own regulatory regimes by 22 July 2013.
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