FundRock, a European ManCo and Alternative Investment Fund Manager (AIFM), has announced the launch of a new operation in Luxembourg that will provide fund distribution solutions to non-EU asset managers. It is one of the first examples of a super ManCo expanding to distribution services.
Asset managers, for which FundRock or its affiliates act as ManCo/AIFM, will be able to access FundRock’s fund distribution solutions through the recently established FundRock Distribution, which has received authorisation as an investment firm from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
FundRock Distribution’s services will support asset managers from the US, UK, Asia and other third country jurisdictions in distributing funds across the EU region. FundRock Distribution will also leverage the Group’s existing partnerships with all key fund distribution platforms, thereby offering asset managers streamlined and cost-effective market access and proximity to European investors.
The new initiative, led by managing director Arnaud Gérard, launches with a client base from countries including Switzerland, United Kingdom and United States.
“FundRock’s dual role as a super ManCo and a MiFID approved investment adviser/distributor, means that it is now strategically placed to represent asset managers through its deep understanding of clients’ investment strategies and portfolios. We are pleased to have received regulatory authorisation from the CSSF, demonstrating our ongoing commitment to helping our clients meet the highest regulatory standards,” said Arnaud Gérard, Managing Director, FundRock Distribution
FundRock was acquired by Apex Group in February this year.