AK Jensen Group has agreed to snap up FMG Malta, an alternative investment fund manager (AIFM) for traditional and crypto hedge funds, for an undisclosed sum.
The deal is said to offer AKJ a supplemental regulatory structure with a Brexit pathway, distribution network along with an established customer base.
Go deeper with GlobalData
On the other hand, it will help FMG members to gain access to the turnkey hedge fund service of AKJ
FMG founding partner Johan Kahm said: “We bring a lot of expertise from our many years of structuring fund products, including our more recent expansion into digital assets.
“It will be exciting to contribute to our shared goal of building AKJ into the preferred destination for fund managers in Europe and abroad.”
The transaction awaits regulatory clearance from the Malta Financial Services Authority.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFounded in 1995, AKJ offers turnkey trading as well as infrastructure solutions to fund managers.
It caters to hedge fund and institutional clients in 35 countries, offering them fund formation, legal and regulatory infrastructure, trading systems and back office support services, along with seed capital.
AKJ CEO Anders Kvamme Jensen noted: “FMG has a 30+ year pedigree of providing creative solutions for sophisticated fund managers.
“We look forward to working with the team within our ever-expanding ecosystem, bringing an array of clever products to the marketplace.”
Other developments in Malta
In October 2019, a report said that Deutsche Bank will stop offering correspondent banking services to local financial institutions in Malta.
Earlier that year, wealth management platform Dolfin received a Category III licence, thereby strengthening the reach of its Maltese business.
In 2018, trust, corporate and fund services provider ZEDRA acquired Malta-based independent corporate service provider Quaestum Corporate Management.
