SHEET 1Alternative Investment Fund Manager Directive

1.1 General

This directive regulates Alternative Investment Funds (AIFs), ie investment funds that do not fall under the UCITS Directive 2009/65/EC, in the EU. Typical representatives of this class would be hedge funds, private equity funds, and venture capital funds. The directive does not actually regulate the funds themselves, but rather their managers, referred to here as alternative investment fund managers (AIFMs). AIFs are only regulated indirectly in that non‐compliance AIFs with this regulation means that AIFMs ...

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