Fund-Technology.com

KMG SICAV platform expands appeal for Luxembourg

Posted: 29 August 2008

KMG SICAV, a Luxembourg-based funds platform will enable third parties - including financial advisors as well as fund managers - to establish their own Luxembourg-regulated Specialised Investment Funds (SIFs).

The platform was created by Kevin Mudd, a Cyprus-based financial practitioner and former fund manager. He said the platform would make Luxembourg accessible to a broader range of promoters from a multitude of locations, including wealth managers, financial advisors, fund managers, family offices, high-net-worth individuals and entrepreneurs.

Mudd said: "Launching a SICAV SIF fund gives financial advisors and affluent investors control over their assets. With a SICAV SIF fund, an IFA can become a product provider, not just a distributor. For businessmen and entrepreneurs, establishing a fund can be a highly timely and cost effective strategy for raising capital. This platform aims to alleviate the time and cost involved in launching a fund in Luxembourg."

KMG SICAV SIF will cater to all asset classes, including hedge funds, private equity and real estate, and there are no restrictions on leverage.

Luxembourg ranks as Europe's leading funds centre, with €1.9trn in assets under management in investment funds. Launched in February 2007, the SIF regime is designed to cater for funds aimed at sophisticated investors who require less protection than retail investors.

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