Guernsey Finance Chief Executive Fiona Le Poidevin
outlines Guernsey's funds offering following the introduction
of the Alternative Investment Fund Managers Directive
(AIFMD).
In July 2013 the global economy is continuing to throw up
significant events but these are nothing in comparison with what we
saw and experienced five years ago when the financial crisis was
unravelling before our eyes. Indeed, it is precisely the events of
2008 which now frame our current environment, including economic,
as well as political and social developments. This includes the
introduction of the Alternative Investment Fund Managers Directive
(AIFMD) with effect from 22 July 2013.
AIFMD was born out of a belief within the European Union (EU)
that a lack of oversight of the alternative investment funds
sector, in particular hedge funds and private equity, had
contributed to the global financial crisis. Yet, now it's not
so much what got us to this point but how we will go about
