Investment Funds 2025

USA

Canada

United States of America

Washington DC

Law and Practice Contributed by: Bill Sturman, Matthew Holt, Steven Starr and Cliff Cone Clifford Chance

Mexico

Contents 1. Market Overview p.496 1.1 State of the Market p.496 2. Alternative Investment Funds p.496

2.1 Fund Formation p.496 2.2 Fund Investment p.499

2.3 Regulatory Environment p.500 2.4 Operational Requirements p.503

2.5 Fund Finance p.504 2.6 Tax Regime p.504 3. Retail Funds p.505 3.1 Fund Formation p.505 3.2 Fund Investment p.507

3.3 Regulatory Environment p.508 3.4 Operational Requirements p.510

3.5 Fund Finance p.510 3.6 Tax Regime p.511 4. Legal, Regulatory or Tax Changes p.512 4.1 Recent Developments and Proposals for Reform p.512

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