Unigestion Asset Management SA obtains AIFM authorisation
Unigestion has recently obtained AIFM authorisation from the French Financial Markets Authority for its asset management company based in France.
Incorporated into French law as from 22 July 2013, the Alternative Investment Fund Managers (AIFM) Directive aims at enhancing transparency amongst alternative fund managers and regulates the main sources of risk associated with alternative fund management, thereby strengthening investor protection.
“This authorisation represents a major step for Unigestion and allows the company to provide access to alternative funds within the new harmonised regulatory framework to its main customer base of European institutional investors,” the company said.
Gérard Pfauwadel (pictured), the chairman of Unigestion Asset Management (France) SA, stated that: “This Directive represents a major step forward for the asset management industry.
“It creates a label that reconciles the recognition of our convictions with a reassuring regulatory framework by offering even more security to investors who are currently looking for non-Ucits funds. We are convinced that it will enable us to expand our footprint even further throughout the other member states of the European Union.”