NAVIGATING THE POST-AIFM DIRECTIVE CHALLENGES AND OPPORTUNITIES FOR DEPOSITARIES
NAVIGATING THE POST-AIFM DIRECTIVE CHALLENGES AND OPPORTUNITIES FOR DEPOSITARIES
Voted by the European Parliament in November 2010, the AIFM Directive covers all alternative sectors such as hedge funds, real estate and private equity, as well as traditional sectors where the fund products are not registered as UCITS.1 AIF products are generally reserved for professional investors, but may also be marketed to retail investors. Today, investors access alternative investment products primarily through national private placement channels; for European investors and products, the