The Alternative Investment Fund Managers Directive (AIFMD) is a European Union law that governs the activities of alternative investment fund managers. These managers are responsible for managing and operating different types of alternative investments, such as venture capital, private equity, hedge funds, real estate funds and other such funds. The AIFMD aims to promote investor protection by introducing transparency and risk management standards in these markets. It also sets out requirements for cross-border marketing, reporting duties, and depositary tasks. With its stringent regulations, the AIFMD helps ensure that alternative investments are managed responsibly and with full disclosure – giving investors peace of mind.