After a difficult start in 2024, alternative market players are still facing new challenges. Considering the current financial market environment, co-investments, continuation funds and secondary transactions now play a significant role in the alternative investment fund sector. More than ever, the choice of jurisdiction in which the fund is based as well as the underlying investment structure are key factors in meeting these new challenges.
Leveraging on its stable political and legal environment, Luxembourg often remains the preferred jurisdiction for the set-up of investment platforms for assets managers. The steady increase in assets under management seems to confirm investors' attraction to Luxembourg-based funds.
In Switzerland, with the introduction of the L-QIF (Limited Qualified Investor Fund) as per 1 March 2024, it is not required to get a license or an approval from the Swiss Financial Market Supervisory Authority (FINMA) and, therefore, significantly reduces setup costs and time to market thereby enhancing the attractiveness and innovative capacity of the Swiss fund and asset management market and strengthening Switzerland’s competitiveness as a product location for funds.
After an overview of the different investment fund structures available in Luxembourg including the recent tax developments in this field our Direct Tax Partner, Fanny Bueb and Indirect Tax Principal, Silvin Leibengut, Tax Partner AG Partners Laurent Lattmann, and Ph.D. Alberto Lissi, alongside Senior Advisor, Gregor Steiner, will discuss and explain current Swiss tax issues and introduce recent or planned changes in the field.
Join our experts on Wednesday, 23 October 2024 at the Hotel Schweizerhof!