Hedge Funds Lag As EU Deadline Approaches

Jan 28 2014 | 1:09am ET

Hedge funds may not be taking impending European Union regulations seriously enough.

All hedge funds marketed in the EU has until June 22 to come into compliance with the Alternative Investment Fund Managers Directive. But with less than five months until that deadline, less than 20% of such funds have filed the necessary documents with regulators.

Hedge funds are required to appoint an EU-based independent depositary—a step many have not yet taken.

"Some people are looking at it and it makes them stand back and question part of their business model," BNY Mellon's Paul North told the Financial Times. "For others, some of the complexities arising out of the details are very challenging."

The difficulties come in spite of a delay in the rule's implementation: It was originally to come into effect last week.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of