News

AIFMD – new act that covers managers of alternative investment funds

May 23, 2013

The new Swedish Alternative Investment Fund Managers Act will enter into force on 22 July 2013. Vinge has a long tradition of working with private equity and property funds and we offer seminars as well as individual meetings focusing on the new Act.

The Alternative Investment Fund Manager Directive (AIFMD)
The legislation is based on the EU’s Alternative Investment Fund Manager Directive (AIFMD) and covers all managers of investment funds other than UCITS funds (Undertakings for Collective Investment in Transferable Securities), mainly hedge funds, private equity and real estate. 

In order for a fund to be covered by the new rules, the value thereof must exceed MEUR 500 or, if leveraged, MEUR 100. All fund managers above those thresholds will need to apply for authorisation from the Swedish FSA. The new legislation poses many challenges for those affected thereby. 

How can Vinge help?
Vinge has closely monitored the progress of the AIFM Directive since 2009 and has a specialist working group in Stockholm consisting of specialist within Private Equity, Regulatory and Employment & Benefits. Please feel free to contact any of us for more information:

Michael Wigge, Private Equity, +46 (0)10 614 30 56, michael.wigge@vinge.se
Johan Steen, Private Equity, +46 (0)10 614 31 98, johan.steen@vinge.se
Ulrica Åkesson, Regulatory, +46 (0)10 614 30 03, ulrica.akesson@vinge.se 
Åsa Gotthardsson, Employment & Benefits, +46 (0)10 614 30 24, asa.gotthardsson@vinge.se

Seminar 13 June in Stockholm
If you are interested in attending a seminar regarding AIFMD on 13 June 2013, please contact us on VingeSeminars@vinge.se

For more information regarding the AIFMD please click here (pdf).

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