Sebi spares AIFs $20 million FDI floor

Local business houses, financial services groups and Alternative Investment Funds will find it easier to rope in foreign partners to carry out fund management activities in India. The Securities and Exchange Board of India has spelt out that sponsors and managers of alternative investment funds, or AIFs, are covered by its regulations — a stand that will spare the sponsors and managers of these funds from a recent government rule that foreign direct investment (FDI) in unregulated financial services cannot be less than $20 million.

Read More..

Alternative investment strategies that bring superior returns

The concept of investments has broadened immeasurably over the past decade. The main reasons being global economic slowdown in 2008 and the on-going technological advances. The ability to go online and choose the best trading platform from a choice of dozens allowed us to look in new directions. The arrival of an exciting new era of cryptocurrencies and the growing trend among private investors to consider real estate represent two alternative investment opportunities at opposite ends of the risk spectrum. But while we might still call these alternative investments, they no longer meet that dictionary definition. 2018 has seen a growing interest in what you might call “alternative alternatives,” as investors continue to push the boundaries.

Read More..

SEBI: AIFs cannot convert existing open-ended schemes to closed-ended ones

Markets regulator SEBI has issued a clarification that alternative investment funds cannot convert their existing open-ended schemes to closed-ended and vice-versa.

Read More…