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Alternative Investment Funds in Europe

Alternative Investment Funds in Europe

Author: Lodewijk Van Setten; Danny Busch
Publisher: Oxford University Press
ISBN: 9780199657728
Published In: May 2014
Format: Hardback , 560 pages
Jurisdiction: European Union ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

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The only book to provide comprehensive analysis of the effect of AIFMD at European and national level
Provides analysis of the aims and the principles behind the Directive
Jurisdictional analysis follows a standard template allowing for easy comparison of rules between states

The book provides a full and practical review of the impact of the highly controversial European Directive on Alternative Investment Fund Managers, which was adopted after much debate in October 2010 (AIFMD).

The AIFMD is intended to be a regulatory response to systematic risks that came to light in the financial crisis and will have a broad and material impact on the manner in which investment managers may operate and offer non-retail funds (including hedge funds, private equity funds, real estate funds and infrastructure funds), which were previously largely unregulated. The AIFMD not only regulates fund managers based in the EU, but also seeks to regulate non-EU managers who seek to offer non-EU funds to EU investors. Accordingly, the AIFMD will impact all fund offerings to professional investors based in the EU, potentially severely limiting the range of investments available to EU pension funds, insurance companies and other institutional investors.

The book begins with a detailed review of the AIFMD itself, including the 'Level 2' rules. The bulk of the book consists of chapters that analyse and explain the national implementation legislation of the EU Member States. Through this structure, the work provides the reader with fast-track access to the regulation at European and national level of non-retail EU and non-EU funds and fund managers, which are caught by the AIFMD.

Readership: Lawyers in private practice specializing in asset management in Europe, the US and rest of the world; In-house legal counsels to institutional investment managers and investment banks in Europe, the US and rest of the world; Scholars interested in asset management and regulation.

1: Danny Busch & Lodewijk Van Setten: The European AIFMD
2: David Rouch: United Kingdom
3: Stephane Puel: France
4: Thomas Paul & Christian Schmies: Germany
5: Michael Jackson & Dualta Counihan: Ireland
6: Francesco Crocenzi: Italy
7: Claude Kremer, Michele Eisenhuth, Gilles Dusemon & Catherine Martougi: Luxembourg
8: Kees Groffen & Bernard Spoor: Netherlands
9: Salvador Ruiz Bachs & Prof Emilio Diaz Ruiz: Spain
10: Dan Hanqvist: Sweden

Lodewijk van Setten is Managing Director and International Counsel at Morgan Stanley Investment Management, and Visiting Professor at King's College, London. He wrote The Law of Institutional Investment Management (OUP, 2009) and is well-known in the UK which is the principal European market for alternative funds.

Danny Busch is Professor of Financial Law at the Institute for Financial Law, University of Nijmegen and practised with De Brauw Blackstone Westbroek (Amsterdam). He is a member of the Consultative Working Group (CWG) which advises the Investor Protection and Intermediaries Standing Committee (IPISC) on aspects of the current review of the European Markets in Financial Instruments Directive (MiFID).

Contributors:
Danny Busch
Lodewijk Van Setten
David Rouch
Bert Verdoodt
Stephane Puel
Dr Thomas Paul
Dr. Christian Schmies
Michael Jackson
Dualta Counihan
Francesco Crocenzi
Claude Kremer
Michele Eisenhuth
Gilles Dusemon
Catherine Martougin
Kees Groffen
Bernard Spoor
Salvador Ruiz Bachs
Prof Emilio Diaz Ruiz
Dan Hanqvist