ESMA finds high degree of asset concentration in EU alternative fund industry

On 4th April 2018, ESMA published its latest Trends, Risks, Vulnerabilities (TRV) Report No. 1, 2018, which found that the vast majority of European AIFs are managed cross-border using passporting rights.

The ESMA TRV provides first-time EU-wide evidence on the AIF market, based on end-2016 data collected under the Alternative Investment Fund Directive (AIFMD). AIFs include hedge funds, real estate funds, funds-of-funds, and private equity funds.