AIFMD is expected to lead to a large growth in various third party platforms and sub-advisory relationships. In particular third party AIFMD ManCo platforms are expected to be at the heart of this trend. As a result the Tracker will be monitoring their development closely.
The third party ManCo option was of interest to many managers interviewed by IFI Global for its AIFMD Impact research, conducted during the summer of 2014. (IFI Global interviewed 72 organisations with dedicated alternative assets of $197 billion, and an overall AUM of approximately $2.5 trillion.)
These platforms are likely to be used by many larger managers surveyed as well as by the smaller ones. Interviewees say one of their chief selling points is their ability to do the risk management, as stipulated by AIFMD, in the jurisdiction where the fund is domiciled. ManCos also offer managers in the US an opportunity to get into the European market without having commit large amounts of capital and resources.
In both Ireland and Luxembourg a growing number of independent, third party ManCo platforms are emerging. ManCos set up in one domicile can be used by managers in another. There are some ManCos that have been domiciled in Dublin, for example, that have agreements with the CSSF in Luxembourg that allows their use in this jurisdiction too. Therefore Luxembourg based funds can join Irish domiciled ManCo platforms, and vice versa.
Harmonic Fund Services
Jason Bechard – Senior Fund Accountant
T: +353 1 440 7362
jason.bechard@harmonic.ky
www.harmonicfundservices.com
IQ-EQ
Know how Know you
Sherizia Razzaque, Group Marketing Lead, Segments,
T: +230 213 8917
Sherizia.Razzaque@iqeq.com
Justin Partington, Group Head of Funds,
T: +352 466111 3852
justin.partington@iqeq.com
https://iqeq.com
JTC Fund Services
Kobus Cronje, Managing Director – Guernsey
T: +44 1481 704 745
Kobus.Cronje@jtcgroup.com
www.jtcgroup.com
Prescient Fund Services
Irish regulated, independent Fund Administration
Hayden Reinders, Head of Business Development and Client Management
T: +27 21 700 5363
hayden.reinders@prescient.co.za
www.prescient.co.za
C3 Post Trade Limited
Your Single Window to Operational Efficiency
Luke Spencer-Wilson, Head of Relationship Management
T: 07887 647769
lsw@c3posttrade.com
www.c3posttrade.com
FM Consult
Fleming McGillivray & Co. Compliance Solutions
Dallas J. McGillivray, Managing Director
T: +44 (0)20 7220 9073
dmgillivray@fmconsult.co.uk
www.fmconsult.co.uk
Fuchs Asset Management
Timothe Fuchs, CEO
T: +352 26 26 49 39
timothe.fuchs@fuchsgroup.com
www.fuchsgroup.com
IQ-EQ
Know how Know you
Sherizia Razzaque, Group Marketing Lead, Segments,
T: +230 213 8917
Sherizia.Razzaque@iqeq.com
Justin Partington, Group Head of Funds,
T: +352 466111 3852
justin.partington@iqeq.com
https://iqeq.com
JTC Global AIFM Solutions S.A
Louis Lamotte, Managing Director, JTC Global AIFM Solutions S.A
T: +352 27 17 28 43
Louis.Lamotte@jtcgroup.com
www.jtcgroup.com
ONE
Steve Bernat, Founding Partner
T: +352 661 787 803
steve.bernat@one-gs.com
www.one-gs.com/
Prescient Fund Services
UCITS and AIFMD ManCo and Platform Services
Hayden Reinders, Head of Business Development and Client Management
T: +27 21 700 5363
hayden.reinders@prescient.co.za
www.prescient.co.za
MJ Hudson Quantitative Solutions
Risk reporting
Max Hilton, Managing Director
T: +44 (0)1481 231815
info@clarusrisk.com
www.clarusrisk.com
RiskSystem
Risk Management Solutions
Simon O'Sullivan,
T: +353 1 551 4471
simon.osullivan@risksystem.com
www.risksystem.com