Unregulated funds surge in Luxembourg, led by private debt

The 29th edition of the Monterey Insight Luxembourg Fund Report reveals that unregulated funds are outperforming their regulated counterparts in a big way, signalling a potential paradigm shift in the industry. Unregulated funds, especially Reserved Alternative Investment Funds (Raifs), have seen a surge in asset value. Raifs alone have increased their assets to US$458.4 billion, marking a 38.6% rise from last year’s US$330.8 billion.