Malta-based Iconic Funds has launched EU-compliant hosted-funds platform which will allow EU and non EU based fund managers to run their own fully supported and administered funds.
According to HedgeWeek, the platform will offer EU-compliant substance infrastructure and can establish either hosted feeder funds or host-flexible non-UCITS fund structures.
The platform will work on a modular services basis and will deliver a cost effective range of suppliers such as custodians, administrators, tax experts and auditors to ensure the best solutions for clients’ objectives.
In addition to providing traditional platform services, the platform will also offer value-added services in a hub and spoke type of arrangement.
David Barclay-Miller, co-founder and business development director at Iconic, was quoted by HedgeWeek as saying: "Our USP is that we provide a guided architecture for new managers with a full service menu, including proven on-the-ground funds distribution."