The directive governing the activities of alternative investment fund managers (AIFM) has produced positive results, even if further harmonisation of the fund marketing passport could be envisaged, says an external evaluation report published by the European Commission on Thursday 10 January.
In force since 2013, the Directive (2011/61) aims both to create an internal market for European and non-European alternative investment funds - such as equity and bond funds, hedge funds and...