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January 8th 2015

Championing the emerging manager

Derek Adler

In a recent interview with Hedgeweek, Derek Adler spoke about what ifina can offer out of Cayman for emerging managers in their Cayman Islands Special Report.

Over the last three years, ifina has been successfully running a turnkey fundsolution in Cayman for managers keen to avoid the cost and time to market to launch a standalone fund. The umbrella fund structure, known as the Primary Development Fund, provides a segregated sub-fund arrangement and acts as a useful stepping stone for managers to build their track record and assets under management.

Last year, ifina also extended its platform capabilities by establishing the AIFMD approved Primary European Fund SICAV in Malta for managers wishing to target European investors from the get-go. ifina charges a set fee to establish a sub-fund on the platform which provides at least a 50% saving over launching a standalone fund catering for funds that are launching with as little as EUR 1-2m.”

This ability to leverage off the umbrella fund (and in turn its aggregate assets) is particularly advantageous to start-ups who are finding it increasingly more difficult to establish prime brokerage relationships with established names as banks begin to feel the pressure of Basel 3 regulation.

You can read the full article, as it appeared in the Hedgeweek Cayman Islands Special Report here.

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