Experienced Investor Funds (EIFs)
EIFs as the name suggests, are exclusively for experienced and high networth investors. These funds, although authorised by the Gibraltar regulator (GFSC), require no pre-launch approval thus greatly reducing their speed to market. Instead, the onus for compliance and governance is placed on the directors, who have to be pre-approved as ‘EIF Directors’ by the regulator. There are no restrictions as to the eligible asset classes for an EIF or diversification requirements and they are tax neutral. EIFs are therefore ideal for managers looking for a flexible and efficient fund vehicle that can be set up quickly but still afford investors appropriate regulatory protection.