Wealth manager Ganita Group has launched a platform for start-up funds and fund managers seeking international distribution.
Based in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission), the management company will serve as a platform for both aspiring and existing fund managers seeking to launch investment strategies.
Ganita Asset Management is expecting to launch seven different sub-funds by the end of January.
The Cyprus umbrella structure will allow for the passporting of Ucits and Aifm funds in the EU, as well as international distribution outside the EU.
Offering
The firm will serve as a one stop shop for portfolio managers who wish to focus on their day to day investment management activities, without needing to worry about time consuming operational and distribution tasks.
Investment strategies will be subject to a “thorough screening process” by Ganita Asset Management before acceptance. This will include checking to ensure they are ESG-compliant.
Ganita Asset Management will also be offering office space in London to client fund managers who wish to take advantage of it, and it will assist fund managers with the full onboarding and regulatory approvals process.
IFA network
Paul Smith, chief executive of Ganita Group, said: “We are in discussions with several more fund managers who are interested in launching Cyprus funds who want to take advantage of this operations and distribution hub.
“This includes portfolio managers from outside the UK. We want to offer them a very cost-effective solution that at the same time comes with real distribution opportunities through our established wealth management and IFA network.
“This is a complete package for those who want to create a new fund.”
This comes several weeks after Ganita Wealth launched a bond to fund IFA acquisitions.
