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AIFMD and Czech Republic. Alternative Funds in CR Today and Tomorrow. AIFMD Alternative Investment Fund Managers Directive. Directive passed by EU Parliament in November 2011 Investment Vehicles Non-UCITS special funds of qualified / professional investors HEDGE funds
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AIFMD andCzechRepublic AlternativeFunds in CR TodayandTomorrow EUROPEAN BANKING & FINANCIAL FORUM
AIFMDAlternativeInvestmentFundManagersDirective Directivepassed by EU Parliament in November 2011 InvestmentVehicles • Non-UCITS specialfundsofqualified/professionalinvestors • HEDGE funds • PrivateEquityfunds • Venturecapitalfunds • Otherinvestmentschemes Region EU domiciledfundsandforeignfundsoffered to EU investors Market SizeEstimate 3 – 5 bilion EUR EUROPEAN BANKING & FINANCIAL FORUM
CzechAlternativeFunds = FundofQualifiedInvestors Whatwehavenow: • Existingfundvehiclesince 2006 • 100+ funds • 50 billion CZK (= 2 billion EUR) • Assets: • Real estate • Securitiesandderivatives • Commodities • Software, intellectualpropertyrightsetc. • Investmentrarities EUROPEAN BANKING & FINANCIAL FORUM
NEXT STEPS Activitiesof 2011/2012 • NERV • Czech Republic for Finance • Ministry of Finance – newfundlaw in 2013 • Industryactivities To Be Done • Complexsystemoffundlaws-regulation-taxes • Broadpolitical support • Internationalpromotionof CR as a regionalfund center EUROPEAN BANKING & FINANCIAL FORUM
SWOT EUROPEAN BANKING & FINANCIAL FORUM
AMISTA investiční společnost, a.s. Fundsofqualifiedinvestorsspecialist, 41 funds, CZK 13 billionfundassets www.amista.cz EUROPEAN BANKING & FINANCIAL FORUM