Asian hedge funds face European regulatory barrier

Asian hedge funds may face hurdles in tapping investors based in the UK and Europe under new text issued by the European Commission on the implication of the Alternative Investment Fund Managers Directive (AIFMD). The “supplementing rules” also call for more stringent terms for hedge fund managers in European Union member countries which delegate functions such as risk or investment management. As a result, the running of a Europe-based global or multi-strategy fund – with manager…