European Commission Proposes New Regulatory System for Hedge Funds and Private Equity Funds

May 12, 2009

The European Commission published a proposal for a Directive on Alternative Investment Fund Managers (the “AIFM Directive”). The AIFM Directive will regulate managers (“AIFMs”) of so-called “Alternative Investment Funds” (“AIFs”), in particular hedge funds and private equity funds.

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European Commission Proposes New Regulatory System for Hedge Funds and Private Equity Funds