Guernsey confident on AIFM outcome

Guernsey will remain a leading funds domicile despite the European Union's continued steps towards introducing the proposed Alternative Investment Fund Managers (AIFM) Directive, according to the promotional agency for the Island's finance industry.

In recent days, the Economics Committee of the European Parliament and the Economics and Financial Affairs Council of the European Union have considered their distinctly different versions of the Directive.

Peter Niven, Chief Executive of Guernsey Finance, said: "I am confident that no matter which approach is finally adopted by the European Union, Guernsey is well positioned to remain an attractive and competitive jurisdiction for European professional investors.