Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg.
This relationship offers non-European fund initiators a quick and cost effective solution to launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs. With a focus on alternative investment funds and structures, this strategic partnership will help investment managers, institutional investors and family offices realise their investment ideas through a unique plug and play solution.
Butterfield Fulcrum will now offer the setup and administration of the complete range of fund structures available in Luxembourg from SIF to UCITS, leveraging the firm’s front, middle and back office systems. Through this partnership with LIS, the fund manager can swiftly set up customised regulated fund structures with full coordination between the Luxembourg financial supervisory company, CSSF, legal advisors, tax specialists, custodians and other Luxembourg-based entities.
"Bringing together the jurisdictional and product expertise of LIS and the industry leading operational infrastructure of Butterfield Fulcrum has allowed us to create a unique and compelling offering encompassing every aspect from design and setup to complete reporting and administration services for managers wishing to establish a European Onshore structure," says Tim Thornton, Managing Director, Global Client Delivery.
"This is a unique partnership between two independent companies that are highly specialised to offer an extremely synergistic solution for clients. We are extremely pleased to partner with Butterfield Fulcrum to extend our services with their superior fund administration model," says Thomas Goergen, Chief Executive Officer. "There is a growing trend towards regulated funds from the institutional client side and Luxembourg is a preferred domicile, particularly for alternative managers with offshore funds seeking to clone their strategies with Luxembourg vehicles such as master feeder funds and alternative UCITS."
Butterfield Fulcrum and LIS will participate in a road show with ALFI (The Association of Luxembourg Fund Industry) between 4-7 October in Greenwich CT, New York and Boston. The day long seminars include presentations by industry experts on all aspects of Luxembourg fund structures.
