AIFMD set to sideline Asian funds

A significant number of Asian alternative fund houses are likely to cease all attempts to raise money in EU countries as a result of imminent European regulation. Under the Alternative Investment Fund Managers Directive (AIFMD) – slated to come into effect on July 22 – hedge funds, private equity funds and other alternative managers looking to raise funds in the EU will be more closely regulated under the European Securities and Markets Authority directive. Heightened oversight …