Asian Hedge Funds EU
European Union Rules May Harm Asian Hedge Funds
The European Union's directive on alternative fund managers is expected to hurt Asian hedge funds. US hedge funds are preparing for the problems of complying with EU rules but Asian hedge funds also rely on European Union investors and will suffer from the regulation, according to Andrew Baker, the head of the Alternative Investment Management Association.
The European draft rule to tighten hedge-fund regulations may hurt the industry in Asia as managers lose access to investors in the Europe Union, said Andrew Baker, who helms the industry’s largest trade group.
The European Parliament’s economic and monetary affairs committee approved this week a measure to force hedge-fund managers outside the EU to agree to transparency standards in exchange for marketing access to investors in the bloc.
“The whole industry, whether it’s direct or indirect, may suffer a negative impact,” Baker, the London-based chief executive officer of the Alternative Investment Management Association, said in an interview in Singapore today. New restrictions in Europe mean “there may be barriers raised between the regions which will prevent one region taking advantage of capital flows from another region,” he said.
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