AIFMD still posing problems for fund firms

Asian asset managers are exploring different methods of raising capital in Europe owing to the challenges of complying with the European Union's looming Alternative Investment Fund Managers Directive. AIFMD sets requirements for alternative fund houses wishing to market to the 28 EU member states, effective from 2015, but substantial issues remain, argued panellists at AsianInvestor's recent Art of Asset Management forum in Hong Kong. Many firms have not been keen to sign up to …