Directive

The European Union’s (EU) Alternative Investment Fund Managers Directive (AIFMD) has thrown up many challenges and caused great debate since it first appeared on people’s radars in the aftermath of the 2007-2009 financial crisis.

The introduction of the EU’s Alternative Investment Fund Managers Directive (AIFMD) brings with it numerous challenges for fund managers – be it the presently undetermined concept of reverse solicitation, Annex IV reporting and a clamp-down on their remuneration procedures.

KGAL Investment Management, a German-based asset management group, has selected CACEIS as its depositary bank for its eight closed-end funds. The real assets include real estate funds, as well as alternative assets such as renewables and aviation, which amount to a total of €1 billion in assets.

We spoke to Rakesh Vangayil, COO for APAC (Asia-Pacific) and emerging markets at BNP Paribas Investment Partners about how AIFMD is impacting managers in the APAC region.

On Thursday 9 October 2014 we were delighted to host the fifth in our AIFMD and UCITS V themed webinars, this time exploring how far UCITS V is aligned to AIFMD and the impact this having upon depositary banks, their clients and the industry at large.

We are pleased to be able to offer you a re-run of the session, below as well as the presentation that was given by Thomas Murray Data Services' Roger Fishwick. The session was hosted by Dominic Hobson and featured, as panellists, Richard Heffner of Dechert, Shane Ralph of State Street and Mark Sweeney of Citco.

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