SIF Specialised Investment Funds Regulated, operationally flexible and fiscally efficient multipurpose investment fund regime for qualified investors. Does not qualify for the European distribution passport. Restricted to institutional investors or well informed private investors (minimum investment of EUR 125,000 or certification). Subject to the supervision of the Luxembourg regulatory authority (CSSF). Contractual form (Fonds Commun de Placement, FCP) or corporate form (Société d’Investissement à Capital Variable, SICAV or Société d’Investissement à Capital Fixe, SICAF) or any other legal form available in Luxembourg. Possibility to have separate sub-funds under one umbrella fund. Possibility to set-up various classes of shares. Investment in a large range of assets but with risk spreading principles. No borrowing restrictions. Appointing a “promoter” is not required. Audited annual report required. Subscription tax at a rate of 0.01% of nets assets.