Luxembourg In Pole Position As AIFMD Compliance Looms

With little more than five months to go before alternative managers active in Europe must be fully compliant with the European Union's Alternative Investment Fund Managers Directive, Luxembourg is perfectly positioned to accommodate fund firms, from global investment houses to specialist boutiques, eager to exploit the potential of a passport to an EU-wide market.

Luxembourg's law of July 12, 2013 may have been approved by parliament just a matter of days before the deadline for EU member states to adopt the directive into their national legislation, but the country's fund practitioners regard it as more important that the statute incorporated the creation of a new legal partnership form designed to boost the grand duchy's appeal to the global private equity industry.