LOYS AG launches Luxembourg management company
German asset manager LOYS AG has announced the launch of a new Luxembourg-based management company where all Luxembourg-domiciled funds will be registered as of 1 December.
The change affects the LOYS Global, LOYS Global System, LOYS Europe System and LOYS Global L/S, which will now be registered with the new management company.
The transition process will be supported by the Luxembourg office of German bank Hauck & Aufhäuser, the two groups have been collaborating since 2014 and since January 2016, Hauck & Aufhäuser has acted as a custodian of the LOYS Global, LOYS Global System and LOYS Global L/S funds.
With the launch of its own management company, LOYS hopes to enhance the efficiency, transparency and service quality of its management process, according to Heiko de Vries, founding member and board member at LOYS AG.