The Alternative Investment Fund Managers Directive (AIFMD), the European Union (EU) regulation introduced to harmonize regulatory
standards across all alternative investment managers across the economic region, has been the topic of much debate since it was fi rst
approved in 2011. Since this time, Preqin has been conducting regular studies of both fund managers and investors to fi nd out more
about their outlook on this divisive regulation as well as to assess the impact this will have on the European fund market. In this report,
we present the fi ndings of our latest survey of hedge fund managers, conducted in June 2015. The fund managers that participated in
the Preqin survey represent $225bn in assets under management (AUM) and are located across the globe.