Alceda Asset Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the German Federal Financial Supervisory Authority (BaFin).
The licence will enable Alceda to work with initiators of alternative investment funds (AIFs) covering both traditional open-end equity and bond funds as well as closed-end real asset funds.
AIFs, which market and distribute in Europe, will now have the option to outsource the AIFM responsibilities of their fund to Alceda.
Michael Sanders (pictured), managing director of Alceda Asset Management and chairman of the board of Alceda Fund Management, says: “This capability allows us to offer our clients a full range of services to meet the requirements of the AIFMD. It greatly lessens the workload on asset managers and initiators when developing concepts for AIFs with all the extensive statutory requirements entailed.
“Together with our ability to launch and manage UCITS structures and non-European structures via our Luxembourg affiliate, we offer a wide spectrum of structuring solutions. These are customised to each organisation’s investment profile, whilst at the same time considering accounting, tax and regulatory aspects. Our AIFM registration in Germany is a further step in our continued development and growth and in meeting the increasingly complex needs of investors and the evolving market.”
Alceda manages and handles the administration of the funds issued by the Aquila Group and acts as AIFM for external investment managers. As a licenced AIFM, Alceda offers expertise in the development and management of structures for real asset investments and alternative investments for private and institutional investors. Besides the structuring activities, the range of services also encompasses portfolio and risk management as well as the distribution of open end and closed-end investment funds.
Roman Rosslenbroich, founder and CEO of the Aquila Group, says: “Any manager can have confidence that with our strong track record in alternative investments and real assets, Aquila Group offers leading and cost-effective solutions. As far as we are aware, this AIFM registration places Alceda in a unique position to offer the most extensive alternative investment solutions in the market.”