Hedge funds: EU rule change good news for Irish hedge funds

US fund managers looking to raise money in Europe for alternative investment funds could increasingly look to partnerships with Irish fund managers thanks to new European hedge fund regulations.

Jim Brown, chief executive, Ulster Bank. Photo: Tony O'Shea

US fund managers looking to raise money in Europe for alternative investment funds could increasingly look to partnerships with Irish fund managers thanks to new European hedge fund regulations.

The Alternative Investment Fund Managers Directive (AIFMD) applies stringent new rules to precisely how alternative investors such as hedge funds and private equity firms can operate in the EU.

The new regulations essentially build a wall around Europe, according to Michael Logan, chief executive ...