SFM Stockholm has become the latest member of the Swedish Investment Fund Association (Sifa), taking the number of members to 42, with a further 11 associate member companies.
SFM is a subsidiary of FCG, The Financial Compliance Group AB, which is authorised to manage investment funds and alternative investment funds.
Sifa describes the company as “a so called fund hotel”, which is mandated by fund management companies to take care of back office, risk management, compliance and other administration.
The outsourcing model means that portfolio managers can focus on the actual management and sales of their funds, while leaving back office requirements to SFM.
Fund brands managed this way by SFM include Quesada and SP (Svenska Pensionsgruppen).