Alternative assets are set to rise but fragmentation is still a
problem for AIFMD, which is soon due for its second iteration.
Managers need to rely on service providers more than ever, says
Anja Grenner of Intertrust.
The second version of the Alternative Investment Fund Managers
Directive, known as AIFMD II, is on the horizon. Version one,
launched in 2011, has created a large, internal market for European
alternative investment funds and influenced regulatory practices
around the globe. The update is eagerly anticipated.
In preparation for the new iteration, Intertrust surveyed
private capital fund managers to determine their views about the
existing framework. The poll discovered a broadly optimistic view:
the majority of respondents thought the sum of assets invested in
AIFMD-compliant structures would rise over the next two years.
