Guernsey-headquartered Heritage International Fund Managers (HIFM) is to offer portfolio and risk management services for alternative investment funds with its comprehensive Management Company (ManCo) solution.
Heritage has provided risk management solutions to a range of clients since the inception of the Alternative Investment Fund Managers Directive (AIFMD) and has been licensed to provide investment management services since 2012.
The Heritage ManCo and risk management services will help alternative investment funds meet the requirements of AIFMD, which was implemented across Europe in 2013. Heritage's ManCo will provide a broad range of risk management services including the set-up, monitoring and reporting against a comprehensive risk framework to the alternative investment fund and required competent authorities.
The provision of this service meets a growing demand from funds marketing into the EU via national private placement regimes which recognise the efficiencies and potential lower costs of appointing Heritage as ManCo rather than creating an in-house capability.
HIFM Director Kevin Smith said: "Alternative investment funds and promoters are increasingly keen to outsource their risk management and AIFM requirements to experienced third parties, as regulations are becoming more complex and stringent.
"By appointing HIFM as AIFM, an investment adviser can create an effective segregation between portfolio and risk management freeing up time and resources to concentrate solely on their core competencies."
For more information about Guernsey's finance industry please visit www.guernseyfinance.com.
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