The ALFI London conference focused on aims to foster the development of the alternative investment fund industry, improvements in UCITS, and building responsible investing as a third pillar for the investment fund area.
While Luxembourg, like Europe in general, has predominantly built its international reputation in the UCITS area, ALFI regards the new Alternative Investment Fund Managers' Directive (AIFMD) as a huge opportunity also to foster the development of the alternative industry. The EU is indeed creating the first regulated environment for alternative investment funds worldwide, and ALFI is looking forward to this. In addition to the existing two pillars - UCITS and AIFMD – ALFI fully supports the development of an emerging ‘third pillar’ for the investment funds industry, responsible investing.
Marc Saluzzi, Chairman of ALFI, says: “These figures demonstrate that investors and asset managers alike continue to consider Luxembourg a fund centre of choice. The legal and regulatory framework is state-of-the-art, the locally available know-how and expertise is unequalled, and the macro-economic environment very stable. While Luxembourg, like Europe in general, has predominantly built its international reputation in the UCITS area, ALFI regards the new Alternative Investment Fund Managers' Directive (AIFMD) as a huge opportunity also to foster the development of the alternative industry. The EU is indeed creating the first regulated environment for alternative investment funds worldwide and ALFI is looking forward to this.”
Press release
© ALFI - Association of the Luxembourg Fund Industry
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