BF partner William Yonge (LO) was featured in the July 31 article, "What are the compensation rules for alternatives managers?" in Investment Week.
The article examines William's views on regulatory and compensation issues relating to European Securities and Markets Authority's (ESMA's) consultation on new guidelines for how alternative investment fund managers should be compensated. On June 28, ESMA published a consultation paper on their proposed guidelines on the remuneration requirements under the EU Alternative Investment Fund Managers Directive ("AIFMD"). These requirements will be entirely novel for some AIFMs, in particular many private equity and real estate fund managers. The regime will be applied in accordance with the proportionality principle, by which AIFMs may follow the requirements in different ways and to differing extents, according to their size, internal organization and the complexity of the activities undertaken.