Dillon Eustace, Ireland’s leading financial services law firm, has released a comprehensive guide to the implementation of the Alternative Investment Fund Management Directive (AIFMD) in Ireland.
Aimed towards managers in the hedge fund, private equity and real estate space, the definitive guide includes discussion on the tax regime for alternative investment funds in Ireland as well as an in depth review of the legislative structure in Ireland. It includes information for both European based alternative fund managers and for managers based outside the EU who wish to manage European alternative investment funds or market alternative investment funds.
Andrew Bates, Partner and Head of Financial Services said: “The introduction of the Alternative Fund Managers Directive in Europe will unquestionably involve one of the most fundamental periods of regulatory flux in the financial services sector. With the implementation date of July 2013 fast approaching, we agreed that now was the right time to issue a comprehensive guide such as this which contains the essential information manager’s need to ensure they are fully informed when it comes to the implementation of AIFMD in Ireland.”
The analysis provides managers with everything they need to know in advance of the directive being implemented including who the AIFMD applies to and who is exempt, the treatment of Alternative Investment Fund Managers under the new directive, as well as detailing how Alternative Investment Funds can be set up in Ireland under the new regime.
The implementation of AIFMD will build on the almost quarter century old international alternative funds industry in Ireland. Sitting side by side with the UCITS industry, the international alternative funds business in Ireland has grown to over 2,100 domiciled funds with in excess of EUR260 billon AUM and, if you include non-Irish alternative investment funds administered from Ireland, to approximately 8,500 funds and over $1 trillion in AUM.
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