Posts tagged ‘AIFMD’

Storm Clouds over New York City Skyline

Hedge Funds in the Doldrums

The deflating effects of underperformance and overregulation

Warren Buffet’s wager with Protégé Partners epitomizes the gloom hovering over the hedge fund industry.  In 2008, the Oracle of Omaha bet the New York-based fund-of-funds $1 million that index funds would outperform hedge funds over the next 10 years. 

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Swiss Crack Down on Hedge Funds

Hordes of managers who emigrated from London now face a tough choice

European hedge funds just lost another friend, and this one was a big surprise to the industry.

In the past few years, Switzerland became the go-to place for London-based operators fleeing unfavorable tax treatment in the UK and the EU’s burdensome new Alternative Investment Fund Managers Directive (AIFMD; and see A Score to Settle with the EU).

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A Score to Settle with the EU

How do we handle the AIFMD?

Two years ago, we lobbied vigorously and in vain against the proposed Alternative Investment Fund Managers Directive (AIFMD) of the European Union (EU), which was deliberately designed to punish U.S.