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An alternative investment fund (AIF) is a special fund managed by an Alternative Investment Fund Manager (AIFM). The Alternative Investment Fund Managers Directive (Directive 2011/61/EU or AIFMD) is the legal basis for AIFs. The aim of the AIFMD is to create uniform requirements throughout the European Union for the authorisation of and supervision of Alternative Investment Fund Managers (AIFMs). The term AIF encompasses every collective investment undertaking including its subfunds, that collects capital from a number of investors, in order to invest it in accordance with a determined investment strategy for the benefit of the investors. The collected capital may not directly be used for an operational activity and the fund is not subject to the UCITS Directive.

Term-Nr.: 64

German: Alternativer Investmentfonds (AIF) (52)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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