is a full Alternative Investment Fund Manager authorised by the Malta Financial Services Authority to provide fund management services to EU funds.
Alternative Investment Fund Manager - AIFM
Licence Type: Full AIFM
MFSA Licence: IS/61250
Agon Asset Management Limited
Our team can guide you through the process of setting up your own dedicated investment collective scheme subject to EU regulations, thus enabling the active marketing within the EU to EU Professional and Institutional investors.
The AIFMD, adopted by the European Council and Parliament in 2011 and effective as of 2014, creates a harmonised regime through the EEA for the management and distribution of all varieties of collective investment schemes other than UCITS Funds, ranging from leveraged alternative investment funds investing in financial instruments to Funds investing in illiquid assets, such as private equity and real estate. Similarly to UCITS Funds, Alternative Investment Funds (“AIF”s) incorporated under any EU member state benefit from the marketing passport, enabling them to be sold cross-border to Professional investor within the EEA following a rather simplified notification procedure.
Also similarly to UCITS, the AIF regime benefits from the presence of a ‘depositary’ and specific remuneration policy requirements for the entities appointed to manage such Funds. The AIFMD has been transposed into local law by EU member states.
Luxembourgish Reserved Alternative Investment Funds (“RAIF”s), Maltese Notified Alternative Investment Funds (“NAIF”s) and Irish Qualifying Investor Alternative Investment Fund (“QIAIF”s) are all AIFs targeting Professional Investors that, despite being fully subject to AIFMD rules and despite fully benefitting from the passporting under AIFMD, do not go through an authorisation process with the respective authority, but rather rely on the licence of its AIFM, who becomes fully responsible for the full regulatory compliance of such vehicle with applicable regulations. Such vehicles are technically not supervised by an EU regulator, however given their ‘piggy-back’ on the AIFM’s license and regulatory authority supervision, they can still be considered as regulated Funds.