AIFMD is the Alternative Investment Fund Managers Directive s an EU directive that looks to place hedge funds, private equity and any other alternative investment firms into a regulated framework. This regulates and monitors activity and the UK has implemented this from 2013.
UCIS is Unregulated Collective Investment Scheme, essentially a shared investment scheme, a fund that several people contribute to, sometimes referred to as pooled investment. A fund manager will invest the pooled money in one or more types of asset, such as stocks, bonds or property. This can include Limited Partnership, Limited Liability Partnership or Trust.
Rackshaw & Lemming can advise in either Investments to find what is the best route for you.