Publication

EU co-legislators are having a hard time agreeing on regulation for alternative investment funds (AIFs). Not only is the future of alternative investments at stake, but also the whole asset management industry in Europe. In the end, the Commission may need to prepare a small revision of UCITS IV (the fourth iteration of legislation governing Undertakings for Collective Investment in Transferable Securities) based on the final outcome of the Alternative Investment Fund Managers Directive (AIFMD) negotiations.