The Association of the Luxembourg Fund Industry (ALFI) is non-profit-making association that is the representative body of the Luxembourg investment fund community. Created in 1988, ALFI is a member of EFAMA, the European Fund and Asset Management Association^[1] and IIFA, the International Investment Funds Association. Its current chairman is Claude Kremer, partner and head of investment management at Arendt & Medernach.

[edit] Membership

Membership of ALFI is open to investment funds and investment fund service providers, both of which must be established and authorised to carry out their activities in Luxembourg.

Eligible investment funds are Undertakings for Collective Investment (UCI) and other regulated investment vehicles. Eligible fund service providers include but are not limited to companies such as custodian banks, fund administrators and managers, transfer agents, distributors, legal firms, consultants, tax offices, auditors and accountants, IT providers and communication companies.

Associate membership is also available to foreign entities provided that they offer services to members.

As of July 2009, there were 1,175 member funds, 169 service providers and 15 associate members^[2].

[edit] Aims and purpose

ALFI’s aims to lead industry efforts to make Luxembourg the most attractive international centre for investment funds.

Its main objectives are to: assist members in capitalising on industry trends; shape regulation; encourage professionalism, integrity, quality and investor protection; and promote the Luxembourg investment fund industry ^[3].

[edit] References

[edit] External links

• ALFI website