Gonzalo Jalles, CEO of Cayman Finance, talks to HFMWeek about
the impact, challenges and benefits of the AIFMD on the Cayman
Islands
HFMWEEK (HFM): WHAT ARE THE MAIN CHALLENGES MANAGERS FACE AS
THEY SEEK TO BECOME AIFMD COMPLIANT?
GONZALO JALLES (GJ): AIFMD has come into force,
but its implementation is in stages and the way some of the future
stages are going to be implemented is not clear. Implementation
within Europe is patchy at present despite the 22 July 2013
deadline having passed. The challenges faced by managers and funds
to become compliant will depend on the nature of the fund, where it
is managed and where the investors are, but it is clear that the
scope of AIFMD captures to a differing degree not only European
managers with European funds, but also non-European funds that are
managed from Europe and non-European funds managed from outside
Europe but sold to European investors. For those managers required
to comply fully with the Directive, a few of
