Investment Management
15 November 2007
Alfi (Luxembourg Association of Investment Funds) has announced that the fund industry has been facing a strong demand for so called 130/30 funds which allocate 100% of their NAV to long positions and short sell securities to the value of 30% of their NAV. The proceeds from the short sale are usually used to acquire additional long positions. Alfi’s Legal and Regulatory Committee is currently analyzing the opportunity for the development of such products in Luxembourg. The results of the analysis will be discussed with the CSSF at a second stage.
We will keep you updated on the forthcoming changes.