How the EU alternatives directive will affect the Isle of Man

As with the vast majority of regulation, the Alternative Investment Fund Managers Directive (AIFMD) was incubated in the eye of storm and its relevance was not reviewed after the storm had passed. The market has corrected, adapted and simply moved on. AIFMD will be of no use for future structuring and financial regulation; it merely represents the creation of a reactionary blame culture. In a dream world, regulators, wealth creators and politicians would work together in tandem to develop the structures needed to create the wealth that makes our world (not just the EU) fiscally viable...