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The AIFMD (Alternative Investment Fund Managers Directive) significantly shapes the landscape of alternative funds in the Czech Republic. With over 100 existing fund vehicles since 2006, managing approximately €2 billion in assets, including real estate and commodities, the market is poised for growth. Anticipated changes in fund regulations by the Ministry of Finance could further enhance the Czech Republic's position as a regional fund center. This discussion will explore current trends, market size estimates, and the future outlook for the alternative investment sector.
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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