The Marketing of Hedge Funds in the United Kingdom: Did the System Maintain Its Attractiveness After the Transposition of the Alternative Investment Fund Managers Directive?

This article examines the new UK regulation – as amended after the transposition of the Alternative Investment Fund Managers Directive (AIFMD) – on the marketing of units or shares of domestic and foreign hedge funds. Its purpose is to assess whether the UK legislature and regulator have found a business-friendly way to transpose the AIFMD which is able to maintain the typical attractiveness of the hedge funds domestic market.