NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Leverage Limits: Category III AIFs have specific leverage limits to control systemic risk.
  • Accredited Investors: Accredited investors may have lower minimum investment thresholds.
  • Lock-in Period: Investments in AIFs typically have a lock-in period to ensure stability.
  • Side Pockets: AIFs can use side pockets to segregate illiquid or distressed assets.
  • In-kind Distributions: AIFs may distribute assets in-kind upon liquidation, subject to investor consent.

NISM 19C Alternative Investment Fund Managers

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