Worldwide: ETI Observer – June 2016

Welcome to another edition of Argentarius ETI Management's electronic newsletter, ETI Observer. We aim to keep our subscribers up to date with company news and events.

Success stories

A client reached out to Argentarius with the following issue: He manages a successful private equity fund with target investments in India for several years and has European investors. These investors were investing in the fund since years, so long before the AIFMD - European Collective Investment Act for Alternative Investment Funds - came into force. Now he wanted to launch a second fund and at least reach out to his existing investors to ask them to participate in the new fund as well.

As he needs to act in the best interests of his investors he has to set up the fund in a jurisdiction with a favorable double taxation agreement with India and therefore Mauritius was chosen. Anyhow, under the AIFMD rules it is not even allowed to market offshore fund units to investors of the same asset manager in another fund. So he needed a repackaging solution to attract European investors.

Argentarius offered to issue a fund-linked note within a securitisation transaction under the regulation 24/2009/ECB thus being out of scope of the AIFMD and economically feeding into his offshore fund. By listing these fund-linked notes at an exchange full promotional rights with the EU are granted and the existing investors get the possibility to invest in the second venture as well. Moreover, with the Argentarius proposed solution even new sophisticated investors can become target investors.


Please find below a list of our newest ETIs, issued last month:

  • US Equity Long - Short Market Neutral (Asset Backed) USD ETI
  • Selected Ventures EUR Asset Backed ETI

New Co-listings on Frankfurt Stock Exchange:

  • Opus Mixed Use Z1 Asset Backed ETI
  • Nordic Power ETI
  • Boardwalk Real Estate ETI
  • Solid Venture P2P ETI


Winner of our competition at the London conference

At the 2nd Annual Conference on European Alternative Financing & Marketplace Lending, on the 19th April in London, Argentarius offered a complimentary weekend break for two to Malta as part of a special promotion.

We would like to thank all our visitors for participating in our game and congratulate the winner for making the closest guess and wish a pleasant stay in Malta.


Argentarius at the Global ABS 2016 conference

Argentarius announces that it is an Associate Sponsor at The 20th Annual Global ABS Conference organised by AFME and IMN, taking place in Barcelona, Spain between June 14-16, 2016.


Argentarius Office relocation

Argentarius is pleased to announce that as from Monday 30 May 2016, it has relocated to a new office location in Sliema.

The Argentarius' new office address is "Argentarius ETI Management Ltd, 66A The Strand, Sliema, SLM1022, Malta".


Gibraltar Offering Programme by Argentarius

Argentarius is pleased to announce that the Competent Authority of Gibraltar, the Gibraltar Financial Services Commission has confirmed that on the 27/05/2016 the Base Prospectus in respect of an Offering Programme of up to 252 billion Euros for the issuance of (Asset Backed) Exchange Traded Debt by iFinance PCC PLC. and (Asset Backed) Exchange Traded Instruments by iStructure PCC PLC. was approved for publication.


FinanceMalta Annual Conference 2016

Argentarius attended the 9th Edition of the Finance Malta Annual Conference held at the Hilton Conference Centre on 26 May 2016. This year the Conference had the theme "Malta's Financial Service Industry, Sustaining Growth through Innovation" and proved to be a resounding success with over 350 delegates and guests attending the event, surpassing last year's figures.

Argentarius was one of the sponsors and chairman Andreas Woelfl moderated an interesting panel on securitisation in one of the afternoon session.


Argentarius European Business trip

The Business Development Team of Argentarius conducted a business trip to Milan, Zurich and Gibraltar between May 10-19, 2016.

In Gibraltar, Argentarius attended a drinks and networking evening where Chairman Andreas Woelfl received a Certificate of Member Firm from the Gibraltar Stock Exchange on behalf of Argentarius.


Global Growth ETI German Public offering

On April 26 2016, Argentarius was informed that the Registrar of Companies in Malta received an acknowledgement from BaFin about the notification to passport the Global Growth ETI via public offering and on 10 May 2016, the instruments were made available in Germany to the public.


The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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