AIMA / MFA Brexit Survey |
Introduction
"Brexit" will have various direct and indirect consequences for the alternative asset management industry, posing both risks and opportunities. In light of this, AIMA and MFA are undertaking a short survey of members to help inform our position going forward.
This high-level survey seeks to map the hedge fund management and private credit industries globally and the degree to which firms rely on access to EEA investors and employees, as well as regulatory mechanisms through which access is obtained. It also seeks to identify firms' priorities going forward.
The survey is designed to take just a few minutes to complete and all information will be treated confidentially. Responses will not be shared on an individual basis by either AIMA or MFA.
NOTE: We hope to distinguish between hedge fund and private credit business lines. If your firm operates in both spaces, please complete the survey twice from the individual perspectives of the relevant sides of your business.
Definitions of the specific used by the Survey are as follows:
- "AUM" - the net asset value (NAV) of the relevant part of your firm’s business i.e., hedge fund strategies or private credit, for which you are completing the survey;
- "EEA" - includes all Member States of the EU, plus Norway, Iceland and Liechtenstein. The EEA does not include Switzerland. For the purposes of this survey, the term EEA includes the UK unless otherwise stated. Please be aware that EEA membership also precludes a State from maintaining its own idiosyncratic regulatory regime;
- "Firm" - refers only to the investment management company, not the underlying fund(s);
- “Non-EU AIF” - is any non-UCITS non-EU investment fund globally. This term includes all private funds, as well as 40 Act funds.
This high-level survey seeks to map the hedge fund management and private credit industries globally and the degree to which firms rely on access to EEA investors and employees, as well as regulatory mechanisms through which access is obtained. It also seeks to identify firms' priorities going forward.
The survey is designed to take just a few minutes to complete and all information will be treated confidentially. Responses will not be shared on an individual basis by either AIMA or MFA.
NOTE: We hope to distinguish between hedge fund and private credit business lines. If your firm operates in both spaces, please complete the survey twice from the individual perspectives of the relevant sides of your business.
Definitions of the specific used by the Survey are as follows:
- "AUM" - the net asset value (NAV) of the relevant part of your firm’s business i.e., hedge fund strategies or private credit, for which you are completing the survey;
- "EEA" - includes all Member States of the EU, plus Norway, Iceland and Liechtenstein. The EEA does not include Switzerland. For the purposes of this survey, the term EEA includes the UK unless otherwise stated. Please be aware that EEA membership also precludes a State from maintaining its own idiosyncratic regulatory regime;
- "Firm" - refers only to the investment management company, not the underlying fund(s);
- “Non-EU AIF” - is any non-UCITS non-EU investment fund globally. This term includes all private funds, as well as 40 Act funds.
If you have any questions with regard to completing the Survey or the analysis of its results, please email brexit@aima.org.
Thank you in advance for your participation.