The AIFMD price tag

EUThe mean cost of complying with the Alternative Investment Fund Managers Directive (AIFMD) is estimated to be $300,000 (€221,355.32). BNY Mellon says 46% of the respondents to a recent poll also said additional technology would constitute the greatest increase in ongoing costs. While 88% said costs would increase as a result of the AIFMD, 46% said they were still assessing how to absorb the additional costs and 26% said they would pass on some of the increase costs to investors in the form of higher total expense ratios. Despite the July 22 deadline looming, 81% of alternative investment fund managers have not yet applied to their regulator. Some 41% said they planned to submit their application in the first quarter of this year and a further 20% said they would do so during the final three months prior to the deadline. ©2014 funds europe

Executive Interviews

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At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

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Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


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The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

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Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.