Paquin: AIFMD a ‘concentrating catalyst'
Lionel Paquin, Lyxor's new chief executive, says AIFMD will act as a positive catalyst but has complexity that risks freezing smaller managers out of the European market
The European Union’s (EU) alternative investment fund managers directive (AIFMD) will attract previously conservative hedge fund investors and drive some non-EU managers to seek a compliance partner, but the newly installed boss of Lyxor reckons the directive’s complexity means “smaller, sub-par” managers could be deterred entirely from attempting to access the European market.
Lionel Paquin was speaking in mid-February as head of Lyxor’s Managed Account Platform (MAP), following which it was
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