The Reserved Alternative Investment Fund (”RAIF”) should be available before summer 2016 (following a draft bill on this new type of Alternative Investment Fund which has been approved by the Luxembourg Council of Government).
This new status of AIFs is not submitted to the agreement and the supervision of the Luxembourg supervisory authority (the "CSSF"), but benefits from the same flexibility proposed by SIFs (Specialised Investment Funds) and SICARs (Capital Risk Funds).
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