AIFMD – The New Normal
July 22, 2018 marked the four-year anniversary of the Alternative Investment Fund Managers Directive (AIFMD) legislation coming into full effect throughout the European Union, including the end of the one-year grace period. There had been concerns from the financial sector surrounding the legislation in the years leading up to its...
Read moreGuernsey Regulation Ideal For South African Investment Vehicle
PRAXIS Fund Services Limited (PFS) has supported one of its long-established clients through a second successful rollover and fund-raising. The Guernsey-registered Closed-Ended Investment Company, Asia Pacific Basket Limited (APBL), raised USD109m through a combination of existing and new investors and offers exposure to a basket of major international indices while...
Read moreIFM’s expertise a boost for KID clients
Our experience of producing key investor documentation to clients under existing UCITS regulation has enabled us to create a one-stop solution for in-house and third party clients affected by the new Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation. Here, Shaun Robert, Director of IFM, discusses the requirements. Summary The...
Read morePraxisIFM Granted Fund Licence In ADGM
PRAXISIFM is the first fund administrator to be authorised in Abu Dhabi Global Market (ADGM) to offer a full suite of fund administration services. The independent and owner-managed financial services group has been granted a licence to act as an administrator of collective investment funds. Last year it was authorised...
Read moreBiggest Quarter Growth In Four Years For Guernsey Funds Sector
The Guernsey funds sector enjoyed its biggest growth in four years during the first quarter of 2017. The latest figures from the Guernsey Financial Services Commission show that the net asset value of funds under management and administration in the island grew by £10.6 billion (4.1%) over the quarter –...
Read morePraxisIFM Funds Group Appoints Two New Directors Due To Business Growth
Continued business growth has led to the appointment of two new directors at PraxisIFM Funds Group in Guernsey. Shaun Robert has joined as a director of International Fund Management Limited and Lorna Morton becomes a director of Praxis Funds Services Limited. Mr Robert has more than 25 years’ experience throughout...
Read morePraxisIFM Fund Services (UK) Acts As Administrator To New IPO, RM Secured Direct Lending PLC
PraxisIFM Fund Services (UK) Limited has worked with RM Capital Markets Limited (RM) on the initial public offering of RM Secured Direct Lending plc on the premium segment of the London Stock Exchange. Gross proceeds of £50.3 million were raised following the issue. The investment objective of RM Secured Direct...
Read morePraxisIFM Fund Services (UK) Limited Assists With The Launch IPO Of BB Healthcare Trust PLC
PraxisIFM Fund Services (UK) Limited has worked with Bellevue Asset Management AG on the initial public offering of BB Healthcare Trust plc on the premium segment of the London Stock Exchange. Gross proceeds of £150 million were raised following a first placing, offer for subscription and intermediaries offer of ordinary...
Read moreFirst IPO of 2016 for a LSE Main Market Listed Investment Company
Praxis Fund Services and International Fund Management Limited are pleased to have worked with Hadrian’s Wall Capital Limited on the initial public offering of the first London Stock Exchange main market listed investment company of 2016. Hadrian’s Wall Secured Investments Limited raised initial gross proceeds of £80 million following an...
Read morePraxis Fund Services Limited Launches Investment Company
Praxis Fund Services Limited is delighted to announce the launch of a new Guernsey incorporated closed-ended investment company with an indefinite life. Alternative Liquidity Fund Limited invests in a diversified portfolio of illiquid interests in funds and other instruments and securities with the objective to manage, monitor and realise these...
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