EU directive could hamper growth of Canadian hedge funds

Investment Executive – The European Commission’s current draft directive to regulate alternative fund managers operating in the European Union could prevent Canadian hedge funds from attracting capital in the EU, the Alternative Investment Management Association – Canada Inc. is warning.

The draft directive has been under development for the past year in the wake of the global financial crisis. It would force alternative investment firms in Canadian, U.S. and other foreign countries to comply with a new set of requirements that would effectively prevent them from attracting capital within the EU, according to AIMA Canada.

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