What is an AIF management company?
Introduction to Alternative Investment Fund (AIF) Management Companies. AIF ManCos are management companies that provide management services to Alternative Investment Fund (AIF) schemes, pursuant to Investment Fund Legislation.
What is AIF banking?
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.
What makes a fund an AIF?
An alternative investment fund (AIF) is a collective investment in so-called ‘non-standard’ tangible and non-tangible assets whereby investors’ capital is pooled, and the returns are also pooled.
Who can manage an AIF?
Article 6(1) of AIFMD provides that no AIFMs should manage AIFs unless they are authorised in accordance with that Directive. An AIFM must be a legal person. So it appears that the regulated activity of managing an AIF cannot apply to someone who is not a legal person.
What is a Ucits company?
A UCITS Management Company is a company authorised under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, (“the Regulations”) to engage in the management of UCITS and other collective investment schemes in the form of either unit trusts, common contractual …
How many AIF are there in India?
However, with around 750+ registered AIFs in India, potential investors must always focus on quality and transparency.
Can banks lend to AIF?
With the potential to attract a lot of capital, AIFs can be a suitable vehicle to channel funds from sophisticated investors, individual and institutional, to purchase distressed loans from banks and NBFCs (Non-Banking Finance Companies), Tyagi said.
Can a company be an AIF?
No. An undertaking that has no external manager and is managed by its own governing body may be an AIF.
Is a REIT and AIF?
The REIT will be an alternative investment fund (AIF) for the purposes of the EU directive on alternative investment fund managers (the AIFM Directive) and will, as a result, need to have an alternative investment fund manager (AIFM). The AIFM is responsible for the AIF’s portfolio management and risk management.
Is a feeder fund an AIF?
A feeder fund only has access to the EU Passport if the master fund has the ability to obtain the EU Passport itself. A feeder AIF is defined as an AIF investing at least 85% of its assets into another AIF (the master AIF).
What is a leveraged AIF?
It defines leverage as “any method by which the AIFM increases the exposure of an AIF it manages whether through borrowing of cash securities, or leverage embedded in derivative positions or by any other means”. …
