In a special Brexit Report just published by Hedge Fund Magazine, Des Fullam, of Carne Group, looks at some of the options available to investment managers who want to retain marketing rights into Europe post-Brexit

As the date for the UK’s official ‘divorce’ from the European Union draws closer, hedge fund managers have to consider two significant problems. If they are relying on a passported UK AIFM to manage funds domiciled in Ireland, Luxembourg, or another EU27 jurisdiction they will need an EU27 AIFM in place to manage AIFs domiciled in those locations. If they rely on a UK-regulated entity to undertake marketing for these products they will also need an EU27 solution to continue to carry out this activity.