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By Andia Shtepani, Executive MBA Oxford University, Said Business School Student - ManagementPlus Group
The European fund industry has often been criticised as having very little standardisation and therefore lacking in economies of scale. When compared to other jurisdictions that use pooled vehicles as investment mechanisms for investors, Europe has literally thousands of fund structures which often attract only a few investors, resulting in lower assets under management. The 2008 financial crisis placed the entire financial industry under enhanced scrutiny from politicians, regulators and investors, which resulted in the creation and enactment of new regulations by the authorities in various jurisdictions such as Dodd-Frank, FATCA, UCITS V, and AIFMD.
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