With the Alternative Investment Fund Managers Directive now stating that the majority of hedge fund managers must have liability risk insurance cover in place by July 22 2014, Apsley Specialty’s executive director James Lawrie assesses how ready hedge fund managers are ahead of the deadline.

Launched last year Aspley is an underwriting agency whose focus is solely on the asset management sector, in particular alternative asset managers. Working with PartnerRE, the firm recently unveiled specialist professional indemnity insurance for hedge funds.