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Luxembourg Parliament has approved the law on the reserved alternative investment fund, or RAIF. The new law enriches the already impressive toolbox of investment vehicles Luxembourg can boast by adding another highly efficient tool geared towards international asset managers and investors.
Leveraging the opportunities of the alternative fund managers directive (AIFMD), notably by regulating the fund manager rather than the fund itself, the RAIF offers the best of both worlds: a flexible fund vehicle that can be set up quickly and without regulatory approval and supervision by the Luxembourg regulator, yet providing an added layer of security and legal certainty for international investors thanks to the requirement to be managed by an EU regulated alternative...
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