Alternative Investment Funds
The Alternative Investment Fund Managers Directive (“AIFMD”) imposes harmonised conditions and requirements on the structure and operation of alternative investment fund managers (“AIFMs”), in return for which authorised AIFMs are permitted to avail of a passport to market alternative investment funds (“AIFs”) to professional investors across the EU and to manage AIFs domiciled in member states other than the AIFM’s home member state. An AIFM covered by the parameters set out in the AIFMD is not permitted to manage or market relevant AIFs unless authorised under the AIFMD regime.
Matheson's Asset Management and Investment Funds Group produces updates and briefing notes on the main issues arising from the implementation of the AIFMD which may be downloaded below.
If you would like to receive hard copies of these papers, please contact the partners listed in the publications or your usual Asset Management and Investment Funds contact.
The UCITS Directive harmonises retail collective investment schemes in the EU by providing for a common investment vehicle which can be established and regulated in one EU member state and sold across the EU without the need for further authorisation. As such, UCITS have an “EU passport” enabling their units or shares to be marketed and sold to all types of investors, including retail investors, in other EU member states.
Matheson’s Asset Management and Investment Funds Group prepares updates and briefing notes on the main legal and regulatory developments and issues relating to the UCITS regime, which may be downloaded below.
If you would like to receive hard copies of any of these papers, please contact the partners listed in the briefing notes or your usual Asset Management and Investment Funds contact.