Hedge Funds Lag As EU Deadline Approaches

Jan 28 2014 | 2:09am 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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of