VFS has combined its experience in portfolio management and fund administration to great effect, in order to provide a comprehensive package of AIFM services for Fund Managers that wish to market their funds into the UK.
Enhancing Fund Operations with AIFM Expertise
Following Brexit, Gibraltar has been the only jurisdiction in Europe to retain full access to the UK market. Fund Managers of non-UK funds are still able to market in the UK under the Gibraltar AIFM passporting regime. Our goal as AIFM is to incorporate your existing fund operations into an AIFMD compliant framework as seamlessly as possible, with minimum disruption to the investment process. To achieve this goal we offer the following services;
VFS has a dedicated investment team with more than 20 years experience in a broad range of asset classes. This core AIFM function can be tailored to suit the investment style and structure of every fund and in some circumstances can be delegated to the existing investment manager of the fund. The full service includes:
- Setting investment policy and strategy
- Generating investment decisions
- Transmission & recording of orders
- Reconciliation and reporting
Our risk management department is functionally and hierarchically segregated from the other core
areas of the business in order to afford the greatest degree of independence. Our risk management
services include:
- Establishing and monitoring risk profiles and limits
- Identification & measurement of risks
- Liquidity management
- Scenario analysis & back-testing of risk metrics
An AIFM is responsible for valuing the assets of the funds it services. VFS can either provide this function in-house under its fund administration services or delegate it to a regulated third party fund
administrator. In the latter case, VFS is required to supervise the delegate in accordance with the requirements of the AIFM Directive.
For many fund managers, the most crucial advantage of opting into the AIFM regime, is the ability to market and promote their funds to the UK. VFS can process passporting notifications and coordinate the marketing of the fund in the UK as well as supervise any independent introducers contracted to promote the fund.
The AIFM regime has introduced a rigid reporting process in order to mitigate systematic risk and create greater transparency in the funds industry. As AIFM, VFS is responsible for reporting to the
local regulator on a periodic basis and ensuring that reporting obligations towards investors are fulfilled. Furthermore, our compliance department will leverage on their many years of experience to
ensure that all regulatory obligations under AIFMD are complied with.
