Investment managers underestimate impact of AIFM directive says report
The report also found:
-When asked about their growth prospects, 66% of respondents said their strategy was focused on organic growth over the next 12 months. Over 25% said they planned to maintain their current financial position, while fewer than 3% said they planned to contract. Fewer than 3% of firms said they planned to grow by acquisition.
-The main consequence of the financial crisis over the last year has been a decline in revenues, cited by 48% of respondents; 18% of respondents
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