CORESTATE’s Luxembourg-based subsidiary CORESTATE Capital Fund Management has obtained a license to operate as an alternative investment fund manager (AIFM) from the Luxembourg Financial Sector Supervisory Commission (CSSF).
Going forward, this will permit CORESTATE to design and manage regulated investment products as well as to sell them to investors anywhere inside the European Union.
The AIFM Directive governs the licensing, ongoing operation, and transparency of companies that manage alternative investment funds within the European Union.