Luxembourg takes on the Caymans in abattle of legal flexibility for hedge funds

principality focus

A new law introducing Specialised Investment Funds (SIF), offering increased flexibility to funds operating in the domicile of Luxembourg, is expected to come into effect by the end of February, the time when the law it is designed to replace expires.

Claude Niedner, partner at law firm Arendt & Medernach and chairman of the hedge fund working group of the Luxembourg Investment Funds Association (ALFI), believes the changes will play a role in promoting Luxembourg as a hedge fund jurisdiction

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