Hedge fund managers accross EU are are slow to comply with AIFMD (“Alternative Investment Fund Managers Directive”) ahead of a significant regulatory deadline this summer, even after it was pushed back by six months to accommodate them.

By June 22, all alternative funds marketed in Europe should comply with the AIFMD, but surveys show that fewer than a fifth of EU funds have filed the relevant documents with regulators.

The directive requires all alternative funds marketed in Europe to meet stringent levels of disclosure and governance, in many cases requiring companies to introduce or increase their risk-management function, as well as making their marketing and {investor} communications much more detailed.

We have been involved in reviewing marketing and investor communications for several of our clients already. Should you be interested to have a further discussion or require further information, please contact your account managers and they will be available to assist you further.