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With the compliance deadline for one of the most complex regulatory reform agendas ever introduced into the asset management industry only seven months away, a KPMG survey of more than 70 alternative investment fund managers reveals that nearly half have not taken any concrete steps to analyze the impact the Alternative Investment Fund Managers Directive (AIFMD) will have on their businesses, or to make changes to their operations.
The AIFMD may have long-term implications for investment managers globally, who are looking to raise capital in Europe. They are potentially required to achieve compliance with the directive by July 22, 2013. Despite the impending deadline, just 52 percent of AIFMs surveyed have conducted an impact analysis that takes into account the advice...
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