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This Opalesque Roundtable took place in Paris and gathered 9 alternative invesment experts to look at the French Asset Management industry, its evolution, its challenges and its perspectives.
Fostered by a range of innovative initiatives from French asset management associations, regulators, and France-based managers and investors, new momentum has been building in Paris, contributing to the growth in strength and number of the local alternative investment community:
- The EMERGENCE national seeding fund for France-based asset managers incentivates French nationals working in places like London, New York or Connecticut to come back to France to set-up their company or office
- French financial regulator AMF views it as a “necessity” to have more managers and more alternative investment management companies in France. The AMF is considering more flexibility regarding regulation of the product and the manager while being stricter on selling practices
- The AMF is also considering discussing with the prudential supervisor ACP an extension of the buying powers of institutional investors into alternative investments
- Hedge fund launches that before would have taken place in London are increasingly happening in Paris
However, the path to become a globally leading asset management center is considered long and difficult, and will require even more support and coordination of local regulations and the investor base.
