Any lawyer worth their salt knows that new legislation often has unforeseen consequences. That's the case even for the most pedestrian piece of law, so imagine the possible ramifications for new regulations borne out of the double whammy of the global financial crisis and the Madoff scandal.
The AIFM – Alternative Investment Fund Managers – directive aims to bring hedge funds and private equity in line with the rest of the financial industry. While the directive has now been signed ...
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