Author: Mats Persson
Publication date: 21 September 2009
With an estimated 18,000 people in the UK directly employed in the hedge fund industry and the private equity sector, most of whom are based in the City of London, the Directive on Alternative Investment Fund Managers (AIFM) has the potential to have a great impact on the British economy. The author of this report which analyses the AIFM Directive is extremely concerned that the Directive will result in more costs and extra regulation with negligible benefit arising for an industry which has already been hit hard by the global financial crisis. The report concludes that in its current form the AIFM Directive is seriously flawed and has the potential to destroy thousands of jobs in the UK.