WSJ – For those fund managers feeling gloomy about their prospects after the Alternative Investment Fund Managers Directive advanced along various legislative paths in Europe this week – well, they’re probably right to. After all, the passage by both the ECON committee of the European Parliament and the European Council means that this dreaded legislation, in one form or another, is now virtually guaranteed.
“We can now be certain that there will be an AIFM directive,” said Christopher Leonard, a counsel at Bingham McCutchen.
