Protection of private equity fund investors in the EU
2014 (English)Report (Other academic)
On June 8, 2011 the Alternative Investment Fund Managers Directive (AIFMD) was adopted. As a result, the regulatory approach to the private equity regulation was significantly changed – from no regulation to its overregulation. I analyze to which extent private equity fund investor protection should be provided at the legislative level. I consider private equity fund investors not as a homogenous group but as several different ones where each of them has own interests. I also examine what is the most cost-effective regulatory approach to private equity regulation, taking into account interests of private equity fund investors and capital market efficiency. I argue that the AIFMD provides an overprotection of private equity fund investors to the harm of capital market efficiency. I consider co-regulation as the best regulatory approach to private equity regulation.
Place, publisher, year, edition, pages
Uppsala, 2014. , 28 p.
Uppsala Faculty of Law Working Paper, 2014:6
IdentifiersURN: urn:nbn:se:uu:diva-236188OAI: oai:DiVA.org:uu-236188DiVA: diva2:763209