Seven Capital Management has become the first French asset management companies to be granted AIFM approval by the AMF Board on 2 August 2013.
The firm has also received the AIFM Asset Management passport on 13 August 2013, allowing it to directly manage a Luxembourg alternative investment fund (SIF) from France.
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The authorization AIFM aims to strengthen the control of the managers of alternative investment funds and provides a double advantage for Seven Capital Management.
The first advantage is within the framework of marketing, since it enables the distribution of alternative investment funds (AIFs) in France and in Europe and qualified investors.
The second benefit falls under management, by which this firm can directly manage an international range of investment funds (particularly in Luxembourg) from France without any additional cost or risk for its investors.
Johann Schwimann, CEO and founder of Seven Capital Management, said: "Receiving this approval is a major milestone for Seven Capital Management. It allows us to step up the pace of our European and international development and to launch new alternative investment products in the near future."
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By GlobalDataJohann Nouveau, founding partner of Seven Capital Management, said: "This approval is made all the more important for our strategic development by the fact that BaFin, the German financial markets authority, is now likely to require it for all AIFs marketed to German investors. This approval has also strengthened our desire to ensure that Seven Capital Management adheres to the highest international management, monitoring and procedural standards."
Seven Capital Management is advised by Reinhold & Partners for receiving AIFM approval and also about the creation of European investment vehicles.
