The Alternative Investment Fund Managers Directive 3rd ed

The Alternative Investment Fund Managers Directive, in this third edition, brings the book up-to-date with several new pieces of legislation. It introduces European alternative investment funds law and picks up recent developments in regulation, technology and politics and addresses them in the investment fund context. In the ten years since the entry into force, the Alternative Investment Fund Managers Directive (AIFMD) has become an important piece of European regulation complementing the Undertakings for Collective Investment in Transferable Securities (UCITS) and the Markets in Financial Instruments (MiFI) frameworks. By discussing the latest developments, this edition brings a comprehensive and in-depth analysis of the AIFMD and its related European investment fund legislation, including the European Venture Capital Fund Regulation, the European Social Entrepreneurship Fund Regulation, the European Long-Term Investment Fund Regulation and the European Money Market Fund Regulation.

What’s in this book:

This edition emphasizes the function of such factors in the financial services value chain as the following:

• the AIFMD’s approach to robo-advisors;
• digital asset funds;
• infrastructure investments in the context of real estate and sustainable investments;
• risk management;
• transparency, and
• impact on alternative investment strategies

Five country reports, focusing on the European Union’s five most important financial centres for alternative investment funds, deal with the potential interactions among the AIFMD and the relevant laws and regulations of France, Germany, Luxembourg, Ireland and the Netherlands.

How this will help you:

This thoroughly updated edition elaborates on potential difficulties encountered when applying the directive and provides potential solutions to the problems it raises. Since the first edition, this book has assumed the role of providing thought leadership on the AIFMD and the related pieces of regulation. The book is sure to be warmly welcomed as a much-needed practical guide by fund lawyers and consultants, investors and their counsels, fund managers, depositaries, asset managers and administrators. Regulators, lawyers, academics will welcome this as a standard volume in the field that presents the contents and discusses the regulation in a systematic manner.