MUFG HAS THE 2ND LARGEST MANCO IN LUXEMBOURG BY NUMBER OF FUNDS
In the case a manager cannot or does not want to act as an AIFM, a solution is needed to market their fund to investors in Europe. MUFG offers an alternative to the internal AIFM route, utilising our Luxembourg Super ManCo and portfolio management operations.
The role of a ManCo in scope of the AIFMD is to provide the following services:
- Portfolio Management
- Risk Management
- Central Administration
The authorised AIFM will act as a link between the fund, the depositary and other possible entities involved in successfully marketing the fund within the EU. The Management Company acting as the AIFM will of course also provide the connection to any prospective investors.
What MUFG Investor Services provides
Under the partner ManCo solution, MUFG is appointed as the AIFM and retains responsibilities for compliance with the AIFMD. MUFG appoints the existing manager as ‘investment advisor’ or ‘trading advisor’ meaning the existing manager can continue to trade as normal under the AIFMD oversight of the MUFG ManCo.
The MUFG solution is fully regulated, incorporating the capital requirements introduced by the AIFMD. The solution provides highly experienced staff, infrastructure, reporting and the supervision of delegates’ activities that have been authorized with the relevant regulators to comply with AIFMD.
This allows the manager to market to European investors by transferring the AIFMD application process and legal agreements/due diligence with delegates to MUFG.