AIFM set to cost €1.5bn to Dutch funds

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NETHERLANDS - The implementation of the Directive on Alternative Investment Fund Managers (AIFM) in its current form could result in an annual loss of around €1.5bn (US$2.2bn) for Dutch pension funds, and a reallocation into more traditional asset classes, investors claimed.

In a [asset_library_tag 564,letter] addressed to the European Parliament's Committee on Economic and Monetary Affairs, a group of the country's major pension funds and asset managers said the propo...

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