Loyens & Loeff: New guidance on ‘investor influence’ under AIFMD

Sebastiaan Hooghiemstra. Photo: Loyens & Loeff.
Sebastiaan Hooghiemstra. Photo: Loyens & Loeff.
New BaFin draft guidelines clarify that investor involvement in asset-level decisions risks disqualifying a fund as an AIF under EU rules—a shift with implications far beyond Germany, writes Sebastiaan Hooghiemstra at Loyens & Loeff.
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