Alternative Investment Fund Managers Directive
Responding to the new reality
As the global asset management prepares for the July 2013 implementation deadline of AIFMD, Deloitte conducted a survey of asset managers to determine how they plan to respond. The results illuminate key insights related to product development, distribution strategies, and implementation issues.
Key findings include
- More than two-thirds of the survey participants believe that AIFMD will reduce the competitiveness of the EU's alternative investment funds industry and will result in fewer non-EU managers operating in the EU.
- 72 percent of survey participants view AIFMD as a business threat. Smaller fund managers, including private equity and real estate are more likely to see AIFMD as a business threat. Those fund managers that regard AIFMD as an opportunity tend to be large (managing at least $1 billion of assets) and have an existing focus on onshore, regulated funds.
- According to survey participants the biggest concerns for fund managers are depositary costs, delegation, changes to contractual arrangements, and routes to market.
To learn more about the survey, please download the executive summary.