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MultiConcept Fund Management SA ("MultiConcept") is an AIFM and UCITS IV fund Management Company. Established in Luxembourg in 2004, MultiConcept has approximately CHF10.7 billion in assets under administration. It currently has 20 umbrella structures with 89 sub-funds.
With the AIFM Directive now in full swing, the demand for management company services as well as the ability to get to market quickly with a new fund offering is growing exponentially among alternative fund managers of all shapes and sizes. Cindyrella Amistadi is the CEO of MultiConcept. In her view, the potential growth is particularly strong in the more illiquid market (i.e.
Luxembourg has carved out a significant position as Europe's leading onshore fund domicile over the last 20 years. This has largely been based on the popularity of UCITS funds, and the fact that the UCITS brand is now one with genuine global investor appeal.
According to the Association of the Luxembourg Fund Industry (ALFI), Luxembourg funds (including AIFs as well as UCITS) have grown 23 per cent over the last 12 months to EUR3.58 trillion. The jurisdiction is home to nearly 4,000 funds and 14,000 fund units.
More than 75 per cent of UCITS funds distributed globally are based in
Luxembourg's funds industry is marching ahead as Europe's leading funds domicile if figures released by the Association of the Luxembourg Funds Industry (ALFI) are anything to go by. According to ALFI, March saw the Grand Duchy enjoy record net sales and a growth of AUM.
Total assets now total EUR3.53 trillion, a 3.55 per cent increase for the month and a 13.89 per cent increase since the start of the year. In addition, net sales topped EUR49.92 billion.
Over the last 12 months, Lux-domiciled funds have seen their net assets grow more than 30 per cent. The low interest rate
Eze Software Group is to acquire TKS Solutions, a specialty software provider of shareholder and partnership accounting tools. The value of the deal, which is expected to close next month, has not been disclosed.
TKS Solutions’ core product, known as Penny It Works, will add partnership and shareholder reporting capabilities to the existing portfolio accounting and portfolio management tools in Eze Software Investment Suite. Top asset managers and fund administrators leverage Penny to calculate fees and generate statements for any type of fund in a controlled and auditable environment. The TKS suite also contains a fee calculator that will calculate
Worthy, the online marketplace for pre-owned luxury goods, has raised USD8 million in a Series B funding round led by Carmel Ventures (Carmel Ventures), a member of the Viola Group.
As part of the investment, Carmel's co-founder, Shlomo Dovrat, joined Worthy's board of directors. Other investors in the current round include previous investors such as Meir Barel, the founder of Star Ventures, and Eddy Shalev, a Worthy board member and the founder of Genesis Ventures. Proceeds of the funding round will be used to expand its marketplace presence across the US as well as towards product innovation. Worthy, founded in
Private equity firm Thoma Bravo has completed itsacquisition of DigiCert, a global SSL Certification Authority (CA) and the leading provider of trusted certificate management solutions.
Prior investor TA Associates and DigiCert management and employees will remain significant shareholders in the business.
DigiCert provides digital certificates to over 115,000 customers in more than 180 countries, and is one of the few CAs dedicated solely to advancing PKI-based solutions for enterprises and networked devices.
“As the internet economy continues its exponential growth, certificate management technology will play an increasingly prominent role in securing and verifying information across digital channels,” said Seth Boro,
Scepter Partners is proposing to to acquire 100 per cent of Santos Limited, an independent oil and gas company in Australia, at AUD6.88 (USD4.97) per share in cash.
If implemented, the offer, which values Santos at AUD7.1 billion (USD5.1bn), would provide shareholders with a 26 per cent premium over the closing price of Santos shares on 19 October – the last trading day before the proposal was submitted.
The offer also provides a 38 per cent premium to Santos’ 1-month volume weighted average (VWAP) price up to 19 October, and 40 per cent premium to the VWAP since 21 August
Corporate credit specialist Muzinich & Co has opened an office in Manchester. The office is located in the Pinnacle building on King Street in central Manchester.
The primary purpose of the office is to house a specialist private debt team that will focus on providing growth capital to mid-sized firms located in the UK’s industrial heartland.
Managing Director of Marketing Josh Hughes says: “Over 50 per cent of private debt lending opportunities come from outside of the South East. The North West is a vitally important economic hub offering growth opportunities, which we believe will allow us to generate attractive
The Intralinks Deal Flow Predictor (DFP), an indicator of future mergers and acquisitions (M&A) announcements, forecasts modest growth for the volume of global M&A deals announced through the first quarter of 2016.
M&A volumes are predicted to increase by about seven per cent through the first quarter of 2016 compared to 2015. The sectors predicted to have the most growth are consumer, healthcare, high-technology, and real estate, while the energy & power, industrials, and telecom sectors will see a decrease.
“2016 is shaping up to have a modest, but good start for global M&A deal announcements, coming off of what
DMS Offshore Investment Services is boosting its onshore fund governance capabilities with the recruitment of Michael Garvey (pictured), a former Managing Director of JP Morgan Alternative Asset Management as a managing director.
Garvey, who will be based in the firm's New York office, will have the capacity to serve as an independent director on the boards of investment funds and related structures, and will play a key role in DMS Operational Due Diligence services, also based in its New York office. In addition, he will provide thought leadership to institutional investors and consultants through DMS roundtables and seminars, industry conferences,
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