The Professional Investor Fund (PIF)

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The PIF is the most popular hedge fund in Malta. Investors usually use this type of fund to achieve strategies linked to innovation, for example investment into cryptocurrency, as the main features of the fund are flexibility and efficiency.

PIFs are known as collective investment schemes designed to target professional investors and high net worth individuals, due to the lower investment, asset threshold and experience required, compared to other types of fund.

To create a PIF the investor must be a Qualified Investor and must invest a minimum morocco mobile database of €100,000. The fund may also be created by setting up an umbrella fund which includes other sub-funds within it. The invested amount can be established per scheme, instead of per fund. This method is often viewed as being the easier option by investors, when creating a PIF.

Investors must sign a document stating their awareness and acceptance of the risks involved.

The Qualified Investor must be; a body corporate or a body corporate which is part of a group, an unincorporated body of persons or association, a trust, or an individual with assets of more than €750,000.

A Maltese PIF scheme can be formed by any of the following corporate vehicles:

An Investment Company with Variable Share Capital (SICAV)
An Investment Company with Fixed Share Capital (INVCO)
A Limited Partnership
A Unit Trust/Common Contractual Fund
An Incorporated Cell Company.