BRAZIL
Colombia
Ecuador
Brazil
Peru
Brasilia
Bolivia
Law and Practice Contributed by: Guilherme Bueno Malouf, Luciana Costa Engelberg, Bruna Marrara and Thales Saito Machado Meyer Advogados
Rio de Janeiro São Paulo
Paraguay
Chile
Argentina
Contents 1. Market Overview p.50 1.1 State of the Market p.50 2. Alternative Investment Funds p.50
2.1 Fund Formation p.50 2.2 Fund Investment p.55
2.3 Regulatory Environment p.56 2.4 Operational Requirements p.59
2.5 Fund Finance p.60 2.6 Tax Regime p.60 3. Retail Funds p.63 3.1 Fund Formation p.63 3.2 Fund Investment p.65
3.3 Regulatory Environment p.65 3.4 Operational Requirements p.67
3.5 Fund Finance p.67 3.6 Tax Regime p.68 4. Legal, Regulatory or Tax Changes p.70 4.1 Recent Developments and Proposals for Reform p.70
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