An Alternative Investment Fund (AIF) may be set up in one of the following legal forms :

(a) as a mutual fund

(b) as an investment company in the legal form of a limited liability company with shares

(c) as a limited liability partnership

Also, an AIF may consist of more than one investment compartment. Each investment compartment of the AIF may issue units which correspond to the assets of the specific compartment. The value of the units may vary among investment compartments.