INDOS Financial’s extended services approved
05 June 2015 London
Image: Shutterstock
Independent AIFMD depository INDOS Financial Limited has received approval from the UK Financial Conduct Authority (FCA) to extend its services to UK private equity, and some other types of closed-ended alternative investment funds.
INDOS is also now authorised to supply safe-keeping services for financial instrument depository duty for alternative investment funds in the non-European Economic Area.
Since introduction of the alternative investment fund managers directive (AIFMD) last year, INDOW has grown its independent depository business, and now acts for – or is in the process of being appointed to act for – 40 alternative investment funds, representing more than $4 billion in assets.
The depository’s original focus was on opening hedge find strategies managed by alternative investment fund managers within the European Union, but clients now include private equity managers and non-EU managers marketing alternative funds in Germany and Denmark.
Bill Prew, CEO of INDOS Financial Limited, said: “The extension of our regulatory permissions is another milestone for INDOS. Over the past year we have already established an excellent reputation as an independent depositary to open ended hedge funds.”
“Increasingly we were receiving enquiries from managers of closed-ended private equity funds. We have responded to these requests and are now able to act for a broader range of fund structures, strategies and domiciles.”
INDOS is also now authorised to supply safe-keeping services for financial instrument depository duty for alternative investment funds in the non-European Economic Area.
Since introduction of the alternative investment fund managers directive (AIFMD) last year, INDOW has grown its independent depository business, and now acts for – or is in the process of being appointed to act for – 40 alternative investment funds, representing more than $4 billion in assets.
The depository’s original focus was on opening hedge find strategies managed by alternative investment fund managers within the European Union, but clients now include private equity managers and non-EU managers marketing alternative funds in Germany and Denmark.
Bill Prew, CEO of INDOS Financial Limited, said: “The extension of our regulatory permissions is another milestone for INDOS. Over the past year we have already established an excellent reputation as an independent depositary to open ended hedge funds.”
“Increasingly we were receiving enquiries from managers of closed-ended private equity funds. We have responded to these requests and are now able to act for a broader range of fund structures, strategies and domiciles.”
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