European Commission (EC) proposals to "boost" the cross-border market for investment funds, published on 12 March, will "add yet a new layer of rules" for asset managers to follow, director general of the European Fund and Asset Management Association Peter De Proft has said.
The proposals, which will affect all asset managers regulated in Europe, are part of the EU's capital markets union (CMU) initiative to promote alternative sources of financing and remove barriers to cross-border...
AUM growth of 19% in first half of 2018
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Launching fund end of 2018
Purchased for undisclosed sum