What does an alternative investment fund manager do?

An AIFM is defined as an entity that provides, at a minimum, portfolio management and risk management services to one or more AIFs as its regular business irrespective of where the AIFs are located or what legal form the AIFM takes.

What is an AIF Linklaters?

Under AIFMD, an alternative investment fund or “AIF” is: Both open-ended and closed-ended vehicles and listed and un-listed vehicles can be AIFs for the purposes of AIFMD. The definition captures a broad range of vehicles that would be regarded as “funds”, including all non-UCITS investment funds, wherever established.

What is the difference between a UCITS and an AIF?

A UCITS, however, will invest more specifically into liquid financial assets such as bonds, shares and money market instruments. In contrast, an AIF will generally be defined as those funds that do not satisfy the criteria for regulation as UCITS.

What is the meaning of alternative investments?

An alternative investment is a financial asset that does not fall into one of the conventional investment categories. Alternative investments include private equity or venture capital, hedge funds, managed futures, art and antiques, commodities, and derivatives contracts.

What does it take to be an AIF manager?

According to Sebi’s AIF regulations, the key investment team of the manager of AIF must have adequate experience, with at least one key person having not less than five years of experience in advising or managing pools of capital or in fund or asset or wealth or portfolio management or in the business of buying,

What can an AIF invest in?

Category I AIF are those funds that invest in start-ups or social venture funds, infrastructure funds, SME funds, and so on. The government or regulators consider this category of funds as socially viable or economically desirable.

What AIF means?

The Accredited Investment Fiduciary (AIF®) Designation is a professional certification that demonstrates an advisor or other person serving as an investment fiduciary has met certain requirements to earn and maintain the credential.

Is an AIF regulated?

By contrast, unregulated AIFs are regulated only indirectly via their AIFM. There is no regulation at the level of the AIF (product) itself.

Who can set up an AIF?

A first time Sponsor and/or Manager can be setup only as a company or limited liability partnership (LLP) in IFSC. However, if the person is already an existing Sponsor and/ or Manager to an AIF, such Sponsor and/or Manager is also permitted to set up a branch in IFSC. 14.

How does an AIF work?

Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. 2.

Can a UCITS be an AIF?

A CCF can be established as a UCITS fund (Undertakings for Collective Investment in Transferable Securities) or an AIF ( Alternative Investment Fund ).

What are the types of funds?

Let’s take a look at the various types of equity and debt mutual funds available in India:

• Equity or growth schemes. These are one of the most popular mutual fund schemes.
• Money market funds or liquid funds:
• Fixed income or debt mutual funds:
• Balanced funds:
• Hybrid / Monthly Income Plans (MIP):
• Gilt funds:

What is an alternative asset manager?

What is an alternative asset manager? The best description is that an alternative asset is something that the average Joe isn’t likely to own as part of their portfolio. Think things like private equity or venture capital or distressed debt, for example.

Why do we need to study alternative investments?

With low correlation to traditional asset classes, alternatives can be a beneficial way to diversify your portfolio. Alternatives can improve the risk and return profile of a portfolio and enhance total return through access to a broader universe of investments and strategies.

Is private debt an alternative investment?

The uptake of private debt is a relatively new trend in alternative investments. The recent rise in private debt AUM was born out of the Global Financial Crisis as banks, the more traditional lenders, shied from riskier loans and private, or direct, lenders filled the void.