Sovereign offers fund formation services and fund management services in most major jurisdictions including, but not limited to, Gibraltar, Malta, the Bahamas, the British Virgin Islands, the Cayman Islands, Isle of Man, Cyprus and Mauritius.
When appointed as fund manager, we offer a “turn-key” solution – from fund formation and licensing, including drafting of the fund prospectus and service provider agreements, through to tax structure advisory and full fund management services. Sovereign can also provide investment management services through its Gibraltar-based and licensed asset management company Sovereign Asset Management (SAM).
SAM’s sister company Sovereign Fund Management (SFM) can further be utilised as an Alternative Investment Fund Manager (AIFM) providing fund management services to in-scope Alternative Investment Funds (AIFs) as defined under the EU’s AIFM Directive (AIFMD), which has made it much more difficult for fund managers, particularly third country fund managers, to market their funds within Europe.
Achieving AIFM authorisation involves significant time and cost. There are numerous on-going requirements including IT, compliance, regulatory and risk management resources. A fully owned subsidiary of Sovereign Group, SFM is incorporated and regulated in Gibraltar, which is part of the EU, and is therefore able to leverage the AIFMD passport opportunities for cross-border European distribution.
SFM will become the AIFM to a fund, appoint the fund manager to undertake delegated portfolio management and assume responsibility for all of the other duties under the AIFMD, such as risk management, compliance monitoring, regulatory reporting and investor due diligence.
SFM is a straightforward and cost effective solution that allows the investment manager to focus on its core business of analysing investment opportunities. Sovereign has a global office network and assets under administration in excess of US$5 billion.
To learn more about AIFM – Sovereign Fund Management, download our brochure here.