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By Fabrice GODEFROID, Executive Director, Fuchs Asset Management SA
The introduction of European Long-Term Investment Funds (ELTIFs), a pan-European regime for Alternative Investment Funds (AIFs), in December 2015, provides for a new type of investment fund, available to both “retail” (i.e. non-professional investors) and professional investors. The Regulation (EU) 2015/760 on European Long-Term Investment Funds (the ELTIF Regulation) henceforward implemented harmonized European Union (EU) rules relating to the authorization, investment policies and operating conditions for ELTIFs.
It is anticipated that ELTIFs will channel investments into the development of European and international small and Medium-Sized...
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