The CCF is one of a range of fund structures available to asset
managers wishing to establish a regulated Irish fund. CCFs are tax
transparent for investors which makes them particularly attractive
for pension funds and asset pooling vehicles.
WHAT IS A CCF?
A CCF is an Irish regulated fund structure that can be
established either as an undertaking for collective investment in
transferable securities (UCITS) or as an alternative investment
fund (AIF). A CCF may be established as a single standalone fund
or, more commonly, as an umbrella fund comprising one or more
sub-funds.
HOW IS THE CCF DIFFERENT TO OTHER IRISH FUND STRUCTURES?
Unlike fund structures such as the investment company with
variable capital or the Irish collective asset-management vehicle
(ICAV), a CCF does not have separate legal personality. The CCF is
an unincorporated body constituted under contract by a deed of
constitution between a management company and a depositary.
