Link Fund Solutions, an Australian fund administrator, has secured a Super ManCo licence from Luxembourg’s financial regulator Commission de Surveillance du Secteur Financier (CSSF).
The licence will enable the company, which is part of Link Asset Services, to operate as a UCITS management company and alternative investment fund manager in Luxembourg.
Link Fund Solutions (Luxembourg) will tend to fund initiators worldwide, while offering clients risk management and comprehensive governance framework.
Link Fund Solutions (Luxembourg) managing director Jean-Luc Neyens said: “With increased regulatory and substance requirements, fund initiators and portfolio managers want to re-focus on performance, distribution and client servicing. Leveraging on a third-party UCITS ManCo/AIFM gives them this opportunity. And as part of an international group with extensive experience and proven track-record in various jurisdictions, Link is a hugely attractive partner.”
The latest move forms part of Link Groups’ plan to target key markets in Europe.
Link Group CEO of fund solutions division in Europe Chris Addenbrooke said: “Luxembourg is a key jurisdiction for our clients’ cross-border funds and enhancing our proposition in the region is a natural step for us. Being independent and 100 per cent focussed on third-party clients is a key strength.
“We are confident our value proposition will enable us to achieve our ambitious growth plans for the region.”