LUXEMBOURG RAIF SUCCESS SEDUCES FOREIGN AUTHORITIES

The success of RAIF, which since 2016 has been helping to make Luxembourg’s fund management industry more attractive, is now being felt abroad : on January 31, 2024, SWITZERLAND launched its own reserved, unregulated fund, the Limited Qualified Investor Fund (“L-QIF”).

On January 31, the Federal Council issued a decree implementing the Swiss Collective Investment Schemes Act (“CISA”, June 23, 2006), which establishes a new category of investment funds reserved for professional investors, like Luxembourg’s FIAR: the LQIF will offer sophisticated investors and fund managers even greater choice in structuring their investments.
Its main features are :
– no supervision or approval by FINMA (Swiss Financial Market Supervisory Authority);
– no risk diversification rules.

Further information here

Viviane de Moreau d’Andoy | Meschac Felisma