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Fund informations

 

The Alternative Investment Fund (FIA) is a collective investment undertaking, which provides capital from a number of investors, in order to invest it in accordance with a defined investment policy, to realize the benefits for investors, based on law 56/2020 “For Collective Investment Undertakings”.

The Alternative Investment Fund is offered only to professional and qualified clients, referring to the legal provisions of Law 56/2020, as follows:

 

“Professional client” is the client who meets the following criteria:

 

a) Entities, which are licensed or recognized to operate in financial markets:

  • banks and branches of foreign banks;
  • investment firms;
  • other licensed or recognized financial institutions;
  • insurance companies;
  • collective investment undertakings and management companies of these undertakings; voluntary pension funds and management companies of these funds;
  • traders of basic goods in the form of financial instruments and derivatives of basic goods; local firms providing investment services;
  • other institutional investors.

 

b) Large enterprises that meet at least two of the following criteria:

  • the total amount of assets on the balance sheet is at least ALL 2.6 billion;
  • net turnover is at least ALL 5.2 billion; or own capital is at least 260 million ALL.

 

c) Central and regional government units, public bodies that manage public debt, central banks, international institutions, such as the World Bank, the International Monetary Fund, the European Central Bank, the European Investment Bank and other similar international organizations.

 

d) Other institutional investors, whose main activity is investing in financial instruments, including entities dedicated to the securitization of assets or other financial transactions.

 

“Qualified client” is any person, legal or natural, who is categorized as a non-professional client, but who, at his request, is treated as a professional client, when he meets at least two of the following criteria:

 

  • the client has carried out transactions of considerable size in the relevant market, with an average frequency of 10 operations per quarter, over the previous four quarters;
  • the size of the client’s portfolio of financial instruments, including cash deposits and financial instruments exceeds ALL 65 million;
  • the client works, or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or envisaged services.

Alternative Investment Funds are created as:

 

Investment Company, which is a collective investment undertaking established as a joint stock company, according to the provisions of the legislation in force for traders and trade companies.


Limited Partnership
, which is a collective investment undertaking established as a limited partnership, based on the legislation in force for traders and trade companies (“Collective Investment Undertaking Limited Partnership”.

 

Alternative Investment Funds are managed by the Alternative Investment Funds Management Company, licensed by the Financial Supervision Authority, whose activity is the management of one or more alternative investment funds and in addition, may take over the functions of administration and marketing of alternative investment funds, according to the definitions in law 56/2020 “On Collective Investment Undertakings”.

 

Visit the official website of “Sealand Alternative Investment Fund”