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On a snowy afternoon in Luxembourg on 15 January 2013 the Monterey Funds Club celebrated its 10th anniversary with a panel session "Who is the Manager under the Alternative Investment Fund Managers Directive?" Up to 70 global investment managers and service providers from across Europe braved the conditions to attend the event, chaired by François Pfister, managing partner of Ogier in Luxembourg. Panellists Thomas Meyer (LDS Partners), Brian Mc Mahon (Bank of New York Mellon) and Didier Guennoc (LDS Partners) exchanged views on strategic and practical implications of the Directive and the Level 2 Regulations issued on 19 December 2012.
In addition to covering the key issue of delegation, the panel searched for a workable definition for what the Manager’s operating...
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