What is a qualifying investor?

A Qualifying Investor is: an investor who is a professional client under MIFID; or. an investor who receives an appraisal from an EU credit institution, a MiFID firm or a UCITS management company that it has the appropriate expertise, experience and knowledge to adequately understand the investment; or.

What is a Qualified hedge fund?

Qualified Investor Hedge Funds (QIHFs) QIHFs are aimed at experienced or institutional investors who have R1 million or more to invest. Fund managers can exercise greater freedom in managing these funds than in the case of RHFs.

Is a UCITS a mutual fund?

UCITS stands for Undertakings for the Collective Investment in Transferable Securities. This refers to a regulatory framework that allows for the sale of cross-Europe mutual funds. UCITS funds are perceived as safe and well-regulated investments and are popular among many investors looking to invest across Europe.

What does Qiaif stand for?

A Qualifying Investor Alternative Investment Fund (QIAIF) is an alternative investment fund regulated in Ireland ideal for investors who have at least €100,000 to invest.

What is the difference between qualifying and non qualifying policies?

Therefore, from a tax perspective a higher/additional rate taxpayer generally pays no tax on a gain arising on the payment of benefits under a qualifying policy whereas a higher rate/additional rate taxpayer would pay 20% and/or 25% tax on such a gain, after allowance for the 20% tax credit, that arises under a non- …

Can alternative investment funds give loans?

Regulation 2(1)(i)]. These funds are registered under Category II. In this regard, it is clarified that, since Alternative Investment Fund is a privately pooled investment vehicle, the amount contributed by the investors shall not be utilised for purpose of giving loans.

How does a UCITS fund work?

UCITS is a financial vehicle that allows a group of investors to invest their money under a predetermined investment objective. The UCITS have a fund manager, who is responsible for investing money in the underlying securities. By investing in a UCITS, essentially, the investor buys units and becomes a unitholder.

Can AIFs borrow?

xiii. Further, as regards to the fund borrowing from the Manager, the provisions of AIF Regulations are silent from where or which entities the Category II AIF can borrow funds.

What is an Irish Qiaif?

A Qualifying Investor Alternative Investment Fund (“QIAIF”) is a regulated, specialist investment fund targeted at sophisticated and institutional investors, who must meet minimum subscription and eligibility requirements.

Is there an Irish qualifying investor fund ( QIF )?

Irish Qualifying Investor Fund A Qualifying Investor Fund (“QIF”) is an attractive option for hedge funds and funds of hedge funds that may not fit into a UCITS structure. The requirements for liquidity, diversification, restrictions on borrowing and leverage, applicable to a UCITS fund do not apply to a QIF.

What kind of assets can a QIF invest in?

A QIF may invest in a full spectrum of assets from listed securities to exotic derivatives, hedge funds, unregulated funds*, ETFs, private equity, real estate, precious metals and even unusual assets such as ships and toll roads.

Can a QIF be a limited liability company?

A QIF can be structured so that it is established as a company, a unit trust, an investment limited partnership or a common contractual fund. Creating the QIF as a limited liability company to hold property assets also avoids the risk of personal unlimited liability attaching to the investors,…

Which is the replacement for the QIF format?

Quicken’s proposed replacement for the QIF format has been the proprietary Quicken Web Connect (QFX) format. It is commonly supported by financial institutions to supply downloadable information to account holders, especially by banks that support integration of Money or Quicken with their online banking.