AIFMD provides incentive to set up HK funds

It will be possible to sell Hong Kong-domiciled funds into the European Union under the Alternative Investment Fund Managers Directive (AIFMD), a significant opportunity that appears not to be widely recognised.  This represents another incentive for foreign and local fund houses to domicile funds in Hong Kong. In addition to being able to sell locally domiciled funds into China via the highly anticipated mutual recognition scheme, asset managers will also theoretically also be ab…