Joe Truelove, Vice Chairman of the Guernsey Investment Fund
Association, looks at the challenges and opportunities that will
arise from the implementation of the Alternative Investment Fund
Managers Directive.
Guernsey's Response to the AIFMD
Guernsey is a favoured domicile for illiquid alternative
investment funds such as private equity, debt, property and
infrastructure funds. It has also attracted a number of promoters
of traditional equity funds and funds of funds over the years. The
government, the regulator and the funds industry in Guernsey have
been
working together with respect to the Alternative Investment Fund
Managers Directive (AIFMD) since details of the proposed directive
were first made public four years ago. While there has been a
certain amount of uncertainty caused by the proposed new
legislation and its impact on funds distributed in the EU, Guernsey
practitioners have kept up to date with every twist and turn to
identify how best to respond
