Hedgeweek Guide To Setting Up Luxembourg Alternative Investment Funds

Already the jurisdiction of choice for the establishment of UCITS funds, Luxembourg is carving out a competitive advantage for alternative funds as well, drawing on the success of the Specialised Investment Fund regime (and the Sicar vehicle for private equity and other risk capital investments). Recent updating has brought the SIF law into line with many provisions of the EU's AIFM Directive, which the grand duchy is planning to adopt into national law in the coming months  – consolidating the country's acknowledged strength as a regulated jurisdiction for the domicile and servicing of alternative investment funds and structuring vehicles, and for its proactive approach to meeting the fund industry's needs.