FundRock, a European third-party UCITS management company (ManCo) and alternative investment fund manager (AIFM), has launched a new operation in Luxembourg that will provide fund distribution solutions to non-EU asset managers.
Asset managers will be able to access FundRock’s fund distribution solutions through FundRock Distribution. Services will support asset managers from the US, UK, Asia and other third country jurisdictions in distributing funds across the EU region.
FundRock Distribution will also leverage the group’s existing partnerships with all key fund distribution platforms.
According to FundRock, this will offer asset managers streamlined and cost-effective market access and proximity to European investors.
The new initiative, led by FundRock’s managing director Arnaud Gérard, launches with a strong client base from countries including Switzerland, UK and the US.
To meet the market demand, FundRock is building a centre of excellence, recruiting its own experts institutional/wholesale team throughout 2021.
“FundRock’s dual role as a super ManCo and a Markets in Financial Instruments Directive approved investment adviser/distributor, means that it is now strategically placed to represent asset managers through its deep understanding of clients’ investment strategies and portfolios,” says Gérard.
He continues: “We are pleased to have received regulatory authorisation from the CSSF, demonstrating our ongoing commitment to helping our clients meet the highest regulatory standards.”
Xavier Parain, head of FundRock, adds: “We are proud to be leading the way in the industry, as one of the first super ManCo’s to offer distribution services. FundRock Distribution is complementary to our existing business lines and further strengthens FundRock’s compelling client offering.”
Elsewhere, FundRock’s new alternative investment fund service FundRock France AM has received regulatory approval from the Autorité des Marchés Financiers, the French financial markets regulator.
