Open Europe’s report on the EU’s AIFM Directive continues to receive coverage. The report, published yesterday, found that the hedge fund and private equity industry contributed €9 billion in tax revenues to EU governments in 2008, and that the proposed Directive would cost EU-based firms in the two industries between €1.
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OpenEurope on 22nd Sep 2009 (via openeurope.org.uk)
UNI has put out a useful little report (PDF) looking at pension fund investment in private equity as an asset class. It helpfully points out where the labour movement has representation in the funds that are investing in PE (actually this is quite common). It's another sign that unions are developing another element to their engagement with private equity. So far we've had the air war - ...
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LabourAndCapital on 29th Aug 2008 (via labourandcapital.blogspot.com)
Europe will risk "further relative decline" if it does not remove barriers that prevent foreign groups from investing on the continent, the head of Europe's private equity lobby said
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FT on 1st Jun 2011 (via ft.com)
The FT reports on a new Open Europe study, published today, on the EU's proposed Alternative Investment Fund Managers (AIFM) Directive. The report is based on two surveys of BVCA members (private equity managers) and AIMA members (hedge fund managers). In total, the survey respondents manage over €545 billion worth of assets worldwide, making this the most comprehensive study to date on ...
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OpenEurope on 21st Sep 2009 (via openeurope.org.uk)
Some of Europe's biggest private equity investors have attacked a plan requiring alternative fund managers to register, saying it was likely to push up costs without delivering much benefit
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FT on 8th May 2009 (via traxfer.ft.com)
Private equity chiefs scramble to defend their industry's tax advantages after Barack Obama proposed to more than double the tax rate for carried interest, the profit-share that provides much of their income
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FT on 27th Feb 2009 (via traxfer.ft.com)
Private equity funds appear to have won a big political battle after EU officials unveiled their final proposals to regulate "alternative investment funds" in Europe for the first time
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FT on 29th Apr 2009 (via traxfer.ft.com)
The US House of Representatives voted to hit private-equity executives with higher taxes as part of a piecemeal legislation that would also fund the renewal of tax breaks for large companies.
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FT on 10th Dec 2009 (via traxfer.ft.com)
Rewind almost three years and the trade union movement was embroiled in a bitter media spat with the private equity industry. We were asked to produce the evidence that private equity firms increased risk for the companies they acquired. Well, the evidence is now here.
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LiberalConspiracy on 23rd Feb 2010 (via liberalconspiracy.org)
In an interview with Euractiv, Javier Echarri, Secretary-General of the European Private Equity and Venture Capital Association (EVCA), criticised the EU’s proposed directive on alternative investment funds for being flawed and for discriminating against private equity, particularly through its strict disclosure requirements.
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OpenEurope on 6th Jul 2009 (via openeurope.org.uk)
Private equity firms fear Government plans to raise capital gains tax from 18pc to 40pc could deal a devastating blow to their business model.
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Telegraph on 13th May 2010 (via telegraph.co.uk)