France Hopes To Boost Local Hedge Fund Industry

Aug 17 2011 | 12:48am ET

Despite France’s hostility towards hedge funds, the country’s capital could yet become a major hedge fund center, experts say.

The passage of the European Union’s Alternative Investment Fund Manager directive—including several provisions opposed by the French government—could have the effect of drawing hedge fund firms to Paris. New hedge funds have already opened in the City of Light, and while it isn’t exactly challenging London for the position of European hedge fund capital, the AIFM directive will help weaken the British capital’s stranglehold, French industry players said at a recent Opalesque roundtable.

In addition to the EU measure, France is trying to make itself more attractive. The country has launched a seeding fund to attract French fund managers back onshore, and its regulator is mulling more flexible registration rules.

The Autorité des Marches Financiers has called attracting more hedge fund managers to France a “necessity.”


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of