Kaushik Ray
Much has been written in the financial press about the draft EU directive on alternative investment fund managers. The usual focus is on the directive’s potential impact on remuneration and the additional regulatory burden it seeks to impose. A lesser-told story is the potential impact of the directive on Africa-based funds, whose investments play a key part in the economic development of the continent, particularly with regards to infrastructure. We look at the history of the directive and how it might affect Africa-based funds.
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