Just a couple of months after the vote on “Brexit”, UK investment management companies are more and more thinking to set up or transfer their fund management activities to Luxembourg in order to remain attractive for their mainland European Investors.
Like M&G , the asset management arm of the UK Insurer Prudential, who plans to build a new division in Luxembourg, as mentioned yesterday by the press.
In parallel, professional of the financial sectors and specially Alternative Fund Managers are also moving to Luxembourg to set up their Alternative Investment Funds, of fear to lose the “EU passport” giving them access to the European market.
Among the European countries, Luxembourg is preferred by a great number of investors to register their funds, due to the many popular investment vehicles offered by the country.
Special Limited Partnership (“SLP”) and the new Reserved Alternative investment Fund (“RAIF”) are the two key vehicles, chosen for their flexibility and their rapidity to go to market.
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