Caledonia Investments hands College Hill European Directive brief

UK investment trust Caledonia Investments has brought in College Hill to help its voice be heard on the debate around the European Commission's plans to regulate private equity and hedge funds.

Caledonia chief executive: Tim Ingram
Caledonia chief executive: Tim Ingram

The agency will be providing public affairs and media support around the EC's plans to impose tighter restrictions on alternative investment management firms, which the financial industry argues could also have serious adverse consequences.

College Public Policy is working with Policy Action, its Brussels partner, to highlight issues the proposed Alternative Investment Fund Managers' Directive creates for Caledonia and other self-managed investment trusts.

The campaign will focus on European Union Institutions, Westminster and Whitehall, with the objective of ensuring that political opinion formers are aware of the unique status of self-managed investment trusts and the damage the directive may have on them.

Tim Ingram, chief executive of Caledonia, said: ‘Caledonia is determined to ensure that the European Commission and Parliament are aware that not only will the Directive damage the UK self-managed investment trust sector, whose investors are based across the many European Union member states, but also Europe's competitiveness with the rest of the world.'

 

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