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The specialised investment fund (SIF) created by the law of 13 February 2007 is not aimed at the general public but is reserved for institutional and professional investors and any individual who invests a minimum 125,000 euros or who has been assessed by a financial institution which certifies the investor’s ability to understand the risks associated with investing in the SIF.

By comparison with the regime for undertakings for collective investment, a SIF has less strict publication requirements and is operationally more flexible in its activities. A promoter is not required.

Specialised investment funds may invest in a broad range of assets including, but not limited to, equities, bonds, derivatives, structured products, real estate, hedge funds and private equity investments. The SIF must comply with the general principle of risk diversification, but the law does not lay down any quantitative restrictions.

Further information can be found on the website of the Association of the Luxembourg Fund Industry (ALFI)

Practical guide:
How to set up a specialised investment fund (SIF)