AIF's Flashcards
1
Q
What is an AIF?
A
Definition - Alternative Investment Fund
“any collective investment undertaking which raises capital from a number of investors with a view to investing it in accordance with a defined investment policy for the benefit of those investors and which does not require authorisation pursuant to the UCITS Directive.”
Since UCITS are excluded, AIFs therefore include any other fund (both authorised and unauthorised).
NURS (Non-UCITS retail schemes) Funds and QIS (Qualified Investor Schemes) Funds, Hedge Fund, Joint Ventures
