Link Fund Solutions (Luxembourg) has been granted a license to act as a UCITS management company and authorised alternative investment fund manager by the Commission de Surveillance du Secteur Financier (CSSF).
Part of Link Asset Services, the Link Fund Solutions third-party, “Super ManCo”, will provide its services to fund initiators globally, offering its clients risk management, as well as an oversight and governance framework.
The move underlines Australian-owned Link Groups’ strategy to target key European markets.
Chris Addenbrooke, CEO of Link Group’s Fund Solutions division in Europe, said: “This strategic move is the result of a long-term vision initiated in the UK and Ireland which led us to become one of the largest third-party independent authorised fund manager/ManCo in Europe.”
He added: “Luxembourg is a key jurisdiction for our clients’ cross-border funds and enhancing our proposition in the region is a natural step for us. Being independent and 100 percent focused on third-party clients is a key strength. We are confident our value proposition will enable us to achieve our ambitious growth plans for the region.”
Jean-Luc Neyens, managing director of Link Fund Solutions (Luxembourg), commented: “With increased regulatory and substance requirements, fund initiators and portfolio managers want to re-focus on performance, distribution and client servicing. Leveraging on a third-party UCITS ManCo/Alternative Investment Fund Manager gives them this opportunity.”
He added: “And as part of an international group with extensive experience and proven track record in various jurisdictions, Link is a hugely attractive partner.”
“We look forward supporting the growth of investment firms on a global basis, providing them with strong risk management, governance and oversight to enable them to deliver the best possible service to their clients.”
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