Neil Simmonds and Isabella Roberts
Simmons & Simmons
Opportunities for asset managers under AIFMD and UCITS IV
With the Alternative Investment Fund Managers Directive (AIFMD) due to be implemented in July 2013 asset management firms affected by AIFMD need to consider how they will address AIFMD, and in particular identify which entity or entities will be designated as the alternative investment fund manager(s) (AIFM) of any alternative investment funds (AIFs) managed by them. Because AIFMD allows asset managers to set up management structures using a ‘passport’, it becomes possible to nominate one AIFM which can manage AIFs across the EU.