In this interview, Peter Williams the ACE Founder and CEO, interviews Michael Nobes, the CEO of Sixbridges Capital, about the complexities of the private fund space with an emphasis on doing business in the European Union. In particular, their conversation focuses on the impact of the Alternative Investment Fund Manager Directive (AIFMD) on compliance and cost of doing business.
Alternative Investment Fund Manager Directive
The Alternative Investment Fund Manager Directive (AIFMD) started in the EU in 2008, to regulate alternative asset managers who are operating or marketing in Europe. This interview is relevant for funds and managers operating or thinking about operating or raising capital in the European Union.
Some of the major challenges that AIFMD imposes on Fund Managers and that are covered in the interview include:
- Differing procedures across various EU member nations
- How compliance with the AIFMD is being propagated
- Whether any burden of the AIFMD falls upon Limited Partners investing in these vehicles
About Michael Nobes: Michael Nobes is the Chief Executive Officer and Founder of Six Bridges Capital LLC. Prior to founding Six Bridges Capital LLC he served as Director at Royal Bank of Canada Alternative Assets Group a structured products provider and was Head of the Offshore Custody platform for Royal Bank of Canada based in The Channel Islands. Michael holds an EMBA from the Richard Ivey Business School based in Ontario, Canada and is designated MCSI by The Chartered Institute for Securities and Investment UK.
About Six Bridges Capital: Six Bridges Capital LLC is a boutique financial consulting firm in the broad alternative assets space specializing in hedge funds, private equity, debt , real estate, fund of funds and family offices. Our mandates are broad in reach providing advice and counsel to clients on matters such as third party service provider selection, regulatory issues, onshore and offshore structures, due diligence, marketing and distribution channels and business structural reviews.