The EVCA calls for European investors to be given full access to the best fund managers

The EVCA has responded to the European Securities and Markets Authority’s (ESMA)  Call for Evidence on the Alternative Investments Funds Managers Directive (AIFMD)  Passport and Third-country AIFMs with the recommendation that European investors be given full access to the best fund managers.

A workable marketing passport for third-country managers would increase competition and improve the investment opportunities for European institutional investors, such as pension funds and insurance companies. It would also help those investors to manage risk more effectively by diversifying their investments by manager type or geography, and allow them to choose the best-in-class managers from a global pool. All this to the benefit of European savers relying on pension funds and insurance companies to fund their retirement.

“European institutional investors, such as pension funds, need to be able to access the best opportunities to achieve returns, wherever they are in the world. Without this their ability to meet the expectations of European savers or pensioners is seriously constrained. A workable passport for third country alternative investment fund managers has a key role to play in delivering this,” said Michael Collins, EVCA Public Affairs Director.

For more information, please read the blog Why competition is vital for Europe's investors by EVCA Public Affairs Director Michael Collins or consult the EVCA’s response to the consultation.