ESMA publishes guidelines for AIFMs

The European Securities & Markets Authority has published final guidelines on alternative investment fund managers (AIFMs) remuneration, to help promote sensible risk-taking and align fund managers’ and investors’ interests. The rules will apply to AIFMs of hedge funds, as well as private equity and real estate funds. Non-EU AIFMs which market funds using passport agreements to EU investors will also be subject to the guidelines, which are due to come into force on 22 July.