Portcullis launches AIFM in Malta
Portcullis Asset Management Limited (Portcullis) has announced the launch of its Malta-based Alternative Investment Fund Manager in order to assist alternative investment funds to comply with the Alternative Investment Fund Management Directive (AIFMD).
Following the launch. Portcullis will assume responsibility for all AIFMD management functions on behalf of its clients. Funds managed through Portcullis’s AIFM services will benefit from Portcullis’s AIFMD marketing passport to market shares to professional investors.
The group is now in the process of establishing an EU regulated umbrella fund which will allow the establishment of dedicated sub-funds under the umbrella that can be either managed by a sub-manager or advised by a dedicated investment advisor.
It also announced the appointment of David Barry to the board and as its new CEO. David joins Portcullis from TMF Custom House Group where he was head of Sales and Business Development and part of the Executive Committee.
David Barry commented: “I am delighted to join Portcullis and work with the team to advise alternative investment funds of their regulatory responsibilities and facilitate a quick and cost-effective route to market in the EU. Portfolio Managers will be able to focus on running their funds whilst at Portcullis we will assume the key fund management functions, as stipulated under the AIFMD.”