Legal & General Investment Management has set up an alternative investment fund platform in Europe as it pushes ahead with international expansion plans, with Asia also in its sights.
The UK-based asset manager has launched the Short-Term Alternative Finance fund as the first strategy on the reserved alternative investment fund (RAIF) platform, which allows LGIM to bring alternative funds to qualified European and Asian investors.
Some asset managers prefer the RAIF fund structure as it offers more flexibility with investments, can be set up quickly and can be distributed across the EU, as it does not need to get authorisation from local regulators.