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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...

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Guernsey 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...

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IFM’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...

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PraxisIFM 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...

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Biggest 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 –...

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PraxisIFM 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...

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First 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...

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Praxis 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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