The E.U. alternative investment fund industry: Insights from AIFMD repeorting

Antoine Bouveret (), Massimo Ferrari and Steffen Kern ()
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Steffen Kern: European Securities and Markets Authority, Postal: 201-203, rue de Bercy, 75012 Paris – France, https://www.esma.europa.eu/

Journal of Financial Transformation, 2020, vol. 51, 34-43

Abstract: The asset management industry has grown signifi cantly in recent years – in Europe alone assets under management have more than doubled in the last decade – and, as a result, is attracting heightened attention for its systemic implications. Alternative investments, including hedge funds and private equity, form a signifi cant part of that industry. In the E.U., the Alternative Investment Fund Manager Directive (AIFMD) provides a dedicated regulatory framework for these alternative investment funds. This article presents a comprehensive mapping of the €6 trillion E.U. AIF market, and an overview of the indicators ESMA applies to assess industry-level risks.

Keywords: AIFMD; alternative funds; real estate; hedge funds; leverage; liquidity; risk monitoring (search for similar items in EconPapers)
JEL-codes: G23 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1649

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