What are the Alternative Investment Funds (AIFs)?
Alternative Investment Funds or otherwise called “AIF’s” are collective investment undertakings, including investment compartments, which:
a. Raise capital from a number of investors, with an aim to invest these funds in assets to generate returns for the benefit of those investors
b. are not considered as ‘undertakings for collective investment in transferable securities’ or ‘UCITS’ under the Open Ended Undertakings for Collective Investment Law.
Firms who wish to develop more than one investment policy, shall set up an AIF with more than one investment compartment, (‘umbrella AIF’) where each investment compartment will invest the capital raised according to its defined investment policy.