The 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.
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