Independent global service provider JTC Fund Services has established a Guernsey-licensed Management Company (ManCo) as it continues to strengthen its European fund services proposition.
Through the new Guernsey ManCo, JTC is able to support fund managers with a broad range of services, including portfolio management, risk management, compliance, and regulatory reporting.
The move significantly bolsters JTC’s pan-European fund services capabilities and means that it is now able to offer Alternative Investment Fund Managers Directive (AIFMD) compliant ManCo services, both onshore and offshore, to Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).
JTC’s Luxembourg ManCo was one of the first Luxembourg-licensed independent management companies to comply with the AIFMD.
Stuart Pinnington, Group Head of Client Services, Funds & Corporate, commented: “We decided to establish a Guernsey ManCo due to client demand and already have a pipeline ready to receive our services. Meanwhile, our Luxembourg ManCo is experiencing greater demand following the Brexit announcement.”
“We are now in a very strong position to provide one-stop outsourced solutions to our clients. Our management services give alternative investment fund managers some welcome optionality and allow them to focus on their core competencies, performance and enhance their asset values.”
JTC Fund Services administers $US60bn of fund assets and has a proven track record in administering both closed and open-ended funds established in the Cayman Islands, Guernsey, Jersey, Luxembourg, Malta, South Africa and the UK. With expertise in the administration of traditional and alternative assets, JTC has a focus on private equity, real estate, debt and hedge funds and specializes in niche asset classes such as fine art, cryptocurrencies, technology, cleantech, infrastructure, transport and natural resources.