Alternative investment fund (AIF) - Financial definition
Concise definition of the term alternative investment fund
Designation encompassing all investment funds that are not already covered by the European Directive on Undertakings for collective investment in transferable securities (UCITS).
Comprehensive definition of the term alternative investment fund
This category includes hedge funds, funds of hedge funds, venture capital and private equity funds as well as real estate funds. These funds target «well-informed» investors (institutional, professional, and qualified investors).