AIFMD Burden Is Hurting European Investment, Says Expert Panel

Some fund managers are passing up European investment opportunities in a bid to steer clear of the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of experts at the Guernsey Funds Forum 2015.

The event was held in London last week and attracted more than 500 attendees to listen to keynote speaker Guy Hands and two panel sessions. The first of those was titled 'meeting the needs of European private equity', including a focus on Base Erosion and Profit Shifting (BEPS) and the Alternative Investment Fund Managers Directive (AIFMD).

Tim Hames, Director General of the British Private Equity and Venture Capital Association (BVCA), said that BEPS provided a challenge to the future success of private equity in Europe.