Posted: Mon Aug 22, 2011 3:38 am Post subject: AAA Supports Alternative Investment Directive
Alternative Asset Analysis (AAA) has spoken out in support of the draft measures for Europe’s Alternative Investment Fund Managers (AIFM) directive.
Boston, MA, August 22, 2011 -- Alternative Asset Analysis (AAA) has spoken out in support of the draft measures for Europe’s Alternative Investment Fund Managers (AIFM) directive.
The trade body for the alternative market in Europe, Efama, said the rules published by the European Securities and Markets Authority (Esma) last month are a “step in the right direction.” The industry in general is reported to be feeling positive about the potential new rule, despite the fact that it is thought to be a while before they are approved.
Esma’s paper sets out a range of requirements for factors such as transparency, to help establish a ‘successful alternative funds brand', claimed the Financial Times, which spoke to several industry insiders on the matter.
AAA’s analysis partner, Anthony Johnson, said, “Anything that helps to establish the validity of alternative assets as a serious options ahead of equities and other traditional asset classes, is a good thing in our opinion.
“The regulations that are expected to come into force next summer could really help to establish an even more positive future for the alternative investment industry, which is already seeing major interest thanks to greater numbers of people looking to diversify their portfolios to spread risk,” added Mr Johnson.
Efama’s new president, Claude Kemer, told the Financial Times: “Progress has been made thanks to the good contributions of the industry, which has been able to offer compromises. It is important to work with the European Commission on this because it asks for the input of the industry.”
Meanwhile, Jean-Michel Loehr, chief of industry and government relations at RBC Dexia, told the FT: “The industry has moved from a defensive mode to accepting that the directive aims to enhance investor protection.
AAA advocates investments in alternative assets and is particularly keen to promote foreign investment in emerging economies, such as Brazil. “Investing in Brazil through fund managers like Greenwood Management, which operates non-native timber plantations and Brookfield Brazil Real Estate Fund, which offers people the opportunity to invest in retail developments in Brazil, can help investors to generate healthy returns while stimulating economic growth in developing markets," added Mr Johnson.
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