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Luxembourg consolidates its position as alternative UCITS hub

August 2012 - Finance. Legal Developments by Chevalier & Sciales .

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The European Union’s Alternative Investment Fund Managers Directive is finally on the way to become law next July, at least in Luxembourg and other EU countries with ambitions to attract a larger shares of the continent’s alternative investment business. However, the grand duchy is already benefiting for the preference among some hedge fund managers for a regulated structure that is already in place and benefits not only from free distribution throughout Europe but widespread acceptance elsewhere in the worlds – UCITS.

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