Antarctica Asset Management has been authorised by the UK's Financial Conduct Authority (FCA) to act as a full scope alternative investment fund manager (AIFM) of a new investment vehicle set up and approved as SICAV by the Luxembourg regulatory authorities.
The AIFM Directive offers a regulatory framework that benefits investors and strengthens the oversight of companies managing alternative investment funds. It enhances the transparency of fund management activities of AIFM-approved funds through increased risk management and reporting requirements. As a European Union alternative investment fund manager (AIFM), we will be looking to market EU Alternative Investment Funds (AIFs) via the pan-European marketing passport introduced by the Directive.
The Company regards this approval as an important step towards the service offering that it can provide to its existing as well as future clients. Adapting to AIFMD rules and standards has been a major focus for Antarctica over the past 12 months and part of the overall compliance effort of the firm, which has now been accomplished.