Marc Saluzzi, chairman of the Association of the Luxembourg Fund Industry, said: “With the legislative process now complete, the regulated alternative investment fund industry in Luxembourg is ready to take off.
“AIFMD pushed the alternative fund management industry towards a model which is based on the compromise of more regulation in exchange for a passport.
“This is the same as the Ucits model which we know so well in Luxembourg, and, combined with the fact that we already have a well-established ‘alternatives’ industry, the law puts the Luxembourg financial centre in a strong competitive position to develop our hedge, real estate and private equity activities even further.”
