Ganita Group Launches Hub For Fund Manager Start Ups In Cyprus
Wealth management and financial services firm Ganita Group has launched a new platform for start up funds and fund managers seeking international distribution. Based in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission), the new management company will serve as a platform for both aspiring and existing fund managers seeking to launch new investment strategies.
“We are in discussions with several more fund managers who are interested in launching Cyprus funds who want to take advantage of this operations and distribution hub,” said Paul Smith, CEO of Ganita Group. “This includes portfolio managers from outside the UK. We want to offer them a very cost-effective solution that at the same time comes with real distribution opportunities through our established wealth management and IFA network. This is a complete package for those who want to create a new fund.”
Ganita Asset Management is expecting to launch seven different sub-funds by the end of January 2021. The Cyprus umbrella structure will allow for the passporting of UCITS and AIFM funds in the European Union, as well as international distribution outside the EU. Investment strategies will be subject to a thorough screening process by Ganita Asset Management before acceptance. This will include checking to ensure they are ESG-compliant.
“This is a new world, and we believe it requires a new way of doing things,” said Rajesh Nair, Fund Director at Ganita Group. “Ganita Asset Management is about bringing real, cost-effective solutions to fund managers. When we talk about distribution, this represents meaningful distribution. We are also interested in nurturing new fund management talent and taking them successfully through the launch process.”
The company is recruiting new fund management talent as part of its graduate trainee scheme and is also actively hiring new personnel to staff its headquarters in Newcastle-upon-Tyne, in the North East of England.
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