IDEAS home Printed from https://ideas.repec.org/b/zbw/eikvsw/19.html
   My bibliography  Save this book

RAIF – Reserved Alternative Investment Fund – The impact on the Luxembourg Fund Market and the Alternative Investment Fund landscape

Author

Listed:
  • Sprenker, Patrick Matthias

Abstract

Within the theme “RAIF – Reserved Alternative Investment Fund – The impact on the Luxembourg Fund Market and the Alternative Investment Fund landscape” this thesis will present the possible effects related to the introduction of the Reserved Alternative Investment Fund (RAIF) and its impact on the Luxembourg Alternative Investment Fund Industry. Especially Luxembourg’s ability to diversify its product range and to extend its product offers by creating new and innovative fund structures attracts potential investors and initiators. These unique circumstances have an impact on the Alternative Investment Fund Industry. The aim of this thesis is to provide a detailed and comprehensive overview of the relevant fund business and its related regulations in order to access the RAIF within the current market environment and to investigate if such a product can positively influence the growth of the local Alternative Investment Fund Market. The current role of the Luxembourg Alternative Investment Fund Industry and its potential as well as the outcomes, derived from the analysis of the RAIF in relation to other available fund products, will be presented and evaluated based on a SWOT analysis. The gained theoretical insights will be compared with the practical and current market view of the product derived from five expert interviews, each conducted with a specialist in the specific field of the Alternative Investment Fund Industry in Luxembourg. In a final conclusion the findings and results, gained from the theoretical and practical part of this thesis, will be presented. The RAIF has a significant potential to become a well-established fund structure in the Luxembourg market. It reflects the level of creativity, flexibility and diversity of a market and its players within in a fast changing environment.

Suggested Citation

  • Sprenker, Patrick Matthias, 2017. "RAIF – Reserved Alternative Investment Fund – The impact on the Luxembourg Fund Market and the Alternative Investment Fund landscape," EIKV-Schriftenreihe zum Wissens- und Wertemanagement, European Institute for Knowledge & Value Management (EIKV), Luxembourg, volume 19, number 19, March.
    • Handle: RePEc:zbw:eikvsw:19
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/162591/1/eikv-bd-19.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. de Haan,Jakob & Oosterloo,Sander & Schoenmaker,Dirk, 2012. "Financial Markets and Institutions," Cambridge Books, Cambridge University Press, number 9781107635920, November.
    2. Loader, David, 2016. "Fund Custody and Administration," Elsevier Monographs, Elsevier, edition 1, number 9780128044001.
    3. Daniel Fasnacht, 2018. "Open Innovation in the Financial Services," Management for Professionals, in: Open Innovation Ecosystems, edition 2, chapter 4, pages 97-130, Springer.
    4. Agarwal, Vikas & Ma, Linlin & Mullally, Kevin, 2015. "Managerial multitasking in the mutual fund industry," CFR Working Papers 13-10 [rev.], University of Cologne, Centre for Financial Research (CFR).
    5. repec:cup:cbooks:9781107025943 is not listed on IDEAS
    6. Smith, Roy C. & Walter, Ingo & DeLong, Gayle, 2012. "Global Banking," OUP Catalogue, Oxford University Press, number 9780195335934.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Liliana Varela, 2018. "Reallocation, Competition, and Productivity: Evidence from a Financial Liberalization Episode," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(2), pages 1279-1313.
    2. MingCan JI & Xing Zhang, 2024. "Assessing the Impacts and Mechanisms of Green Bond Financing on the Enhancement of Green Management and Technological Innovation in Environmental Conservation Enterprises," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12709-12750, September.
    3. Riikkinen, Mikko & Pihlajamaa, Matti, 2022. "Achieving a strategic fit in fintech collaboration – A case study of Nordea Bank," Journal of Business Research, Elsevier, vol. 152(C), pages 461-472.
    4. Pilar Bernal & Idana Salazar & Pilar Vargas, 2019. "Understanding the Open Innovation Trends: An Exploratory Analysis of Breadth and Depth Decisions," Administrative Sciences, MDPI, vol. 9(4), pages 1-15, September.
    5. Christophe J. GODLEWSKI & Bulat SANDITOV, 2020. "Private debt renegotiation and financial institutions' network," Working Papers of LaRGE Research Center 2020-01, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    6. Godlewski, Christophe J., 2020. "How legal and institutional environments shape the private debt renegotiation process?," Journal of Corporate Finance, Elsevier, vol. 62(C).
    7. Vesna Tornjanski & Sanja Marinkovic & Željka Jancic, 2017. "Towards Sustainability: Effective Operations Strategies, Quality Management and Operational Excellence in Banking," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 1-79, February.
    8. Christophe J. GODLEWSKI, 2017. "Initial conditions and the private debt renegotiation process," Working Papers of LaRGE Research Center 2017-03, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    9. Richard Bronk & Wade Jacoby, 2013. "Avoiding monocultures in the European Union: the case for the mutual recognition of difference in conditions of uncertainty," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 7, London School of Economics / European Institute.
    10. Schoenmaker, Dirk & Gros, Daniel, 2012. "A European Deposit Insurance and Resolution Fund," CEPS Papers 6918, Centre for European Policy Studies.
    11. Christophe J. Godlewski, 2019. "Debt Renegotiation and the Design of Financial Contracts," Journal of Financial Services Research, Springer;Western Finance Association, vol. 55(2), pages 191-215, June.
    12. Aftab Alam, Muhammad & Rooney, David & Taylor, Murray, 2022. "Measuring Inter-Firm Openness in Innovation Ecosystems," Journal of Business Research, Elsevier, vol. 138(C), pages 436-456.
    13. Anne-Laure Mention, 2011. "Exploring voluntary reporting of intellectual capital in the banking sector," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(3), pages 279-309, November.
    14. Godlewski, Christophe & Weill, Laurent, 2021. "Are loans cheaper when tomorrow seems further?," Economic Modelling, Elsevier, vol. 94(C), pages 1058-1065.
    15. Falagiarda, Matteo & Reitz, Stefan, 2013. "Announcements of ECB unconventional programs: Implications for the sovereign risk of Italy," Kiel Working Papers 1866, Kiel Institute for the World Economy (IfW Kiel).
    16. Vikas Agarwal & Yan Lu & Sugata Ray, 2016. "Under One Roof: A Study of Simultaneously Managed Hedge Funds and Funds of Hedge Funds," Management Science, INFORMS, vol. 62(3), pages 722-740, March.
    17. Manuel Villasalero, 2018. "Multi-Business Firms, Knowledge Flows and Intra-Network Open Innovations," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 162-179, March.
    18. McQuade, Peter & Falagiarda, Matteo & Tirpák, Marcel, 2015. "Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis," Working Paper Series 1869, European Central Bank.
    19. Jakob de Haan & Willem van den End & Jon Frost & Christiaan Pattipeilohy & Mostafa Tabbae, 2013. "Unconventional Monetary Policy of the ECB during the Financial Crisis: An Assessment and New Evidence," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 4, pages 117-156, SUERF - The European Money and Finance Forum.
    20. Godlewski, Christophe J., 2014. "Bank loans and borrower value during the global financial crisis: Empirical evidence from France," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 28(C), pages 100-130.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:eikvsw:19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: http://www.eikv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.