The first ever ‘Raif’ has been listed on the Luxembourg Stock Exchange, after being created by Luxembourg-based asset management firm Finexis.
The firm’s Reserved Alternative Investment Fund has been listed on the Euro MTF market, the Luxembourg stock exchange’s multilateral trading platform.
The fund has two sub-funds: renewable energy and multi-asset strategy.
Raifs are a new type of investment vehicle, combining the characteristics and structures of specialised investment funds.
The first Raif platform was announced in October 2016.
Maciej Waloszyk, managing director for business development at Finexis, said: “Not only were we the first to list such a product in Luxembourg, but we have also set the market standard and procedures required for the listing of a completely new type of investment fund”.
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