Definition

Generally all funds, that are not investment undertakings for transferable securities or for real estate, are subsumed under this fund category. The differences may range from just marginal variations of investment restrictions, over low risk diversification up to stronger limitation concerning liquidity and valuation of assets.

Due to the fact that the legal regulations for this fund category are extraordinary liberally written, almost every desired investment policy and structure can be reproduced. As long as the principles of protection and equal treatment of investors are preserved, a widely freedom of scope exists.

Sub-categories

Investment undertakings for other values with increased risk, investment undertakings for qualified investors

Criteria