RAIFs and SPIFs – the best of both worlds

On 14 July 2016, legislation took effect in Luxembourg introducing a new type of investment vehicle, the Reserved Alternative Investment Fund or RAIF. The RAIF is regulated under the EU Alternative Investment Fund Managers (AIFM) Directive (2011/61/UE of 8 June 2011) and is not supervised by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier […]

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