The investment market in Italy
is mainly comprised of retail funds
and hedge funds
. The retail funds
are generally addressed to investors with a limited experience on the financial industry, while the hedge funds
are established by professional investors, who are considered high net worth persons. Hedge funds in Italy
fall under the regulations of the alternative investment funds
and our team of Italian lawyers
can offer legal assistance for the incorporation of this type of vehicle
Regulatory framework for Italian hedge funds
Although the retail funds
and hedge funds
are set up for different investment strategies
, they are regulated by the same laws.
The most important regulations which must be respected by any investor who wants to open a company
registered as investment fund
are the following:
• the Bank of Italy Act;
• the CONSOB Act.
The main institutions which supervise the activity of any type of investment fund
established here, including the hedge funds
, are the Bank of Italy
and the Institutional Italian Securities and Exchange Commission (CONSOB)
only deals with matters referring to the transparency of the financial activities
and with investment fairness
and investors may find out more details on the legal attributions of such entities from our attorneys in Italy
Investors in a hedge fund in Italy
• professional investors;
• non-professional investors (also referred to as retail investors), provided that certain conditions are met.
can be accepted if they are the employees
of an alternative investment fund
and only if they can invest a minimum amount established at EUR 500,000.
As a general rule, those who will register a hedge fund in Italy are not imposed with any restrictions, but the situation can differ in the case of non-professional investors.
Entrepreneurs who want to find further information, such as the taxation aspects of an alternative investment fund
, are invited to contact our law firm in Italy
, where they can receive more details on the legislation referring to the registration of an Italian hedge fund