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Alternative investment funds (AIFs)

Alternative investment funds (AIFs) are funds that are not undertakings for collective investment in transferable securities (UCITS). Since July 2013 AIFs have been regulated by the Alternative Investment Fund Managers Act (AIFMG), and they are also subject to the 2011 Investment Fund Act (InvFG 2011). Examples of alternative investment funds are other special assets, special funds, real estate funds, hedge funds and private equity funds.