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6 Italy

Francesco Paolo Crocenzi

From: Alternative Investment Funds in Europe

Edited By: Lodewijk van Setten, Danny Busch

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 18 January 2022

Supervision — Alternative Investment Fund Managers Directive (AIFMD) — Alternative investment fund — Hedge fund — Advertising and marketing and funds
6.01 Most of the Italian non-UCITS funds—alternative investment funds (AIFs)—are funds of funds. A significant part of the investments in non-Italian AIFs will come from Italian AIFs. In addition, there are also investments from other classes of Italian investors like ‘foundations’ and high net worth/affluent individuals, to the extent that they qualify as eligible investors for the relevant AIF. 6.02 AIFs are not permitted investments for Italian pension funds. However, the Italian Minister of Economy and Finance is expected to issue new rules on the permitted...
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