Regulation

UCITS leads the way for alternative management companies

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UCITS management companies are well established as service providers in Luxembourg, and this business model could be extended when the Alternative Investment Fund Managers Directive comes into force, according to contributors   at the Association of the Luxembourg Fund Industry (ALFI) European alternative investment conference last week.

The AIFMD is a manager regulation and is therefore a very topical subject for the Luxembourg fund industry, according to Jacques Elvinger, from local law firm Elvinger Hoss & Prussen.

Speaking on the second day about the practical implications of AIFMD, Elvinger asked why are management companies – or ‘mancos’ as he called