Investment trust specialist Frostrow Capital is launching an Alternative Investment Fund Manager (AIFM) arm to its business, ahead of the impending Alternative Investment Fund Managers Directive (AIFMD) coming into force next year.
The Financial Services Authority (FSA) has contacted UK fund groups in a bid to ensure "minimal disruption" when the Alternative Investment Fund Managers Directive (AIFMD) comes into force in July.
William Yonge, partner at Morgan Lewis & Bockius, examines the regulatory and compensation issues relating to ESMA's consultation on new guidelines for how alternative investment fund managers should be compensated.
Now some of you may call me a hypocrite when you read what I am about to propose. The industry has long been saying that there is regulatory overload in the fund management world.