Welcome to the 2017 edition of GFM's Guide to setting up an Alternative Investment Fund in Europe. It is the first of a two-part series, the second part will focus on setting up an AIF in the USA, and will be published later this year.
This edition is published as the UK finally begins the all-important process of negotiating the precise trade terms under which it will conduct its Brexit from the EU, terms which will clarify how investment funds outside the UK are regulated and structured for marketing and distribution purposes within the UK, and how UK investment managers will access the EU markets.
This is a hybrid Guide, meaning that it follows a live day-long series of panel discussions held in London, which featured alternative investment fund experts from across the world and focused on the following five key topics:
1) Choosing the AIF's European Domicile
2) Regulation and Compliance
3) Self-managed AIFM versus Outsourced AIFM
4) Selecting the AIF's service providers
5) Fundraising and Distribution.
The results of each of these panel discussion are covered and summarised by James Williams, Managing Editorial of Hedgeweek, in his Overview on Pages 5-10.
This Guide also features expert articles on a comprehensive range of topics, from the individual merits of various jurisdictions to issues around prime broker selection, structuring, regulatory reporting and AIFM platforms.
We thank the following firms for their expert contributions and support of this keynote Guide to setting up an Alternative Investment Fund in Europe:
• Guernsey Investment Fund Association
• Chetcuti Cauchi Advocates
• PwC Luxembourg
• Circle Partners
• Cowen Prime Services
• Management Plus Group
• Lawson Conner.
Chairman & Publisher
GFM (Global Fund Media) Limited