Special

Special funds are an Alternative Investment Fund (AIF) that is based on Swedish national legislation.

Like a UCITS fund, a Swedish special fund is contractually based and constructed as a pool of assets without legal capacity. Special funds cannot acquire rights or assume liabilities, but they may be marketed to retail investors.

Special funds are required to follow a risk spreading principle and are only permitted to invest in liquid financial instruments unless otherwise apporved by the Swedish Financial Supervisory Authority (FSA).

AIFM Group (“AIFM”) has extensive experience applying for and managing Swedish special funds. When setting up, a special funds’ fund rules must first be approved by the FSA.