Two investment management platform firms have formed a partnership to offer a one-stop hosting solution to their international client base of hedge funds, private equity and real estate funds.
Laven Partners will provide UK Appointed Representative and AIFM solutions as well as its unique and world-leading compliance technology monitoring solutions. Fuchs Asset Management meanhwile, an established management company in Luxembourg covering UCITS AIFMD and MIFID solutions, will provide an umbrella to suit every client’s needs. Laven Partners has offices in London and New York. Fuchs Asset Management has offices in Luxembourg, Belgium and Switzerland.
The partnership will give Laven’s clients access to integrated fund solutions for management companies – including for AIFs, UCITS and RAIFs, as well as for MIFID services in relation to ARs and tied agents. This solution is especially pertinent with the consequences of Brexit still uncertain, and with a decisive vote in UK Parliament due to take place on 11 December. The management of Laven Partners and Fuchs Asset Management believe that with a hard or a soft Brexit the financial services industry has been abandoned. They wish to provide a bridge between the UK and Luxembourg which is currently the largest fund centre in Europe and well positioned for distribution to the rest of the EU. The move is a strategic decision for Laven Partners to continue to offer the most flexible fund management options across the UK and European jurisdictions. Laven Partners will also offer a bridge to other EU countries to suit client demand notably where products such as Crypto funds are not able to operate in Luxembourg.
Clients of both firms will benefit from access to European markets and UK markets, as the partnership will harness the companies’ respective strengths across two main areas. Laven Partners will continue to act as the leading provider of compliance and regulatory infrastructure to its clients, while Fuchs Asset Management will provide AIFM / UCITS compliance, risk, governance and portfolio management, as well as the ability to distribute funds to European investors through the Passport Regime.
Jerome Lussan, CEO of Laven Partners, says: “Our clients are commercial and need efficient business solutions. Brexit is full of uncertainty, we want to make things as seamless as possible for them. They trust us to work it out and this solution will provide the largest regulatory solution for them. Our partnership with Fuchs Asset Management allows us to launch AIFMs, UCITS, and to enable our clients that need distribution to operate under a tied agent arrangement under MIFID rules. Today’s announcement of our partnership with Fuchs Asset Management is another important step towards offering our clients fully integrated compliance and regulatory infrastructure solutions across different jurisdictions. We select our partners with care and for the long term. Fuchs Asset Management is the perfect partner to help us serve our clients.”
Timothe Fuchs (pictured), CEO of Fuchs Asset Management, says: “The relationship with Laven Partners represents a powerful opportunity for Fuchs Asset Management to significantly expand its presence into the United Kingdom. With Brexit the UK will no longer be part of the passport regime and our clients will need an operating base in the UK to either manage, advise, or distribute financial assets. We are excited to partner with Laven Partners as their reputation is second to none, they have always demonstrated the highest care for compliance while remaining extremely pragmatic and client focused. Our partnership will allow us to offer the broadest range of services for our clients.”
