HFFT Alternative has secured an alternative investment fund manager (AIFM) licence from the Gibraltar Financial Services Commission to offer full AIFM services to EU as well as non-EU funds.
The firm will now be able to assist its current European and non-European managers and AIF clients, help clients access the alternative investment fund market in the EU and comply by the regulatory needs of AIFMD, reports HedgeWeek.
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Effective from 22 July last year, AIFMD regulates EU and non-EU fund managers that market alternative investment funds to investors domiciled, or with registered offices, in the EU.
The firm will particularly focus on delivering portfolio oversight, risk and liquidity management, operational compliance functions and full regulatory reporting service for each AIF, with full compliance with AIFMD.
Nicola Smith, CEO of HFFT Alternative and Gibraltar based fund administration Helvetic, said that the licence will enable the firm effective support small and mid-sized firms as well as will highlight the benefits of Gibraltar as a leading European domicile.
Smith added: "The concerns of particularly small and mid-sized funds around AIFMD and the increased reporting requirements under the new regulations can now be addressed comprehensively at competitive cost."
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