Martin Currie Global Funds has chosen Kinetic Partners for rendering management services to its UCITS funds in Luxembourg.
Kinetic Partners will provide outsourced services management by using its Management Company platform (MANCO) in Luxembourg for the Luxembourg Sicav belonging to the Edinburgh-based Martin Currie fund management.
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The London-based professional services firm, Kinetic, had launched Luxembourg Management Company in March, 2013.
Zvi Hoffman, chairman, Martin Currie Global Funds, said: "After a thorough due diligence process, we are delighted to select Kinetic Partners as our third party management company. The people and their approach have impressed us throughout the process, and we look forward to a long and prosperous future with them."
Kinetic Partners’ MANCO has funds amounting to EUR1.2 billion, while Martin Currie Global Funds has approximately EUR383 million (US$500 million) in assets.
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