Alastair Smith, managing partner at Frostrow Capital, investigates the impact of EU regulations on investment trusts.
Debate over the impact of the Retail Distribution Review has taken centre stage in recent months, as the investment trust industry considered its impending implementation. With the potential to revolutionise the industry, RDR has no doubt dominated the minutes of board meetings. However the noise generated by the RDR may have caused a distraction from what could be one of the greatest threats to the investment trust sector – the impending Alternative Investment Fund Managers Directive (AIFMD). This controversial regulation, dreamt up by the EU, has caused confusion from its outset. Th...
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