Framont & Partners Management Limited (”Framont”), License No. IS/69366 is a Category 2 Investment Services Licence Holder authorised to act as a “UCITS Management Company” and “Alternative Investment Fund Manager” is a European Boutique Investment Fund platform
We partner with you to create and launch your dedicated investment funds across Europe. No matter if you are a family office, a wealth manager, a distributor, a start-up hedge fund or an investment manager, with our Investment Fund platform we are able to provide you with a wide range of services including: outsourcing services, structuring, coordination of fund launches, investment processing, investor relations, investment management and distribution services for investment funds from Malta.
We can also offer our clients a one stop shop service in relation to the other Fund Services and/or Corporate Services through our trusted collaborators.
Malta hosts 580 investment funds, with the Investment Funds industry having a combined net asset value of €10 billion*.
While Malta has a good reputation as a jurisdiction for smaller and medium financial companies and start-ups, the fund sector is attracting asset management activities from all around Europe.
The Investment Funds Industry is an environment characterized by main advantages with respect to the main financial services jurisdictions such as Ireland, UK or Luxembourg. Malta and Framont through its investment fund platform offers the following main advantages.
If you opt for the set-up of a Sub-fund with Framont’s investment fund platform, you will receive some benefits from the following aspects:
Framont can offer the following Collective Investment Schemes (CIS) for the Setup of the Sub-funds:
The sub-fund will form part of an Umbrella SICAV.
UCITS (Undertakings for Collective Investment in Transferable Securities) Schemes are harmonised European retail fund products that can operate throughout the EU on the basis of a single authorisation from one member state, provided that it follows certain notification procedures. UCITS offer a high degree of investor protection and are recognised by regulators worldwide. They can be marketed to both retail and institutional investors.
Managers of Alternative Investment Funds (AIFMs) are the main people responsible for the coordination and upholding of an invested share in an AIF. According to the Alternative Investment Fund Managers Directive (AIFMD), AIFMs are obligated to update the Malta Financial Services Authority (MFSA) with regular information pertaining to the status of their AIFs.
An Alternative Investment Fund (AIF) is a collective investment entered into by a number of investors in terms of the Investment Services Act (1994), as well as the transposition of the AIFMD into Maltese law in July 2013. This shows the pro-activeness of the MFSA which regulates the progress and promotion of alternative funds with the intention of continually improving Malta’s fund industry.
In February 2016 the MFSA announced the launch of a new investment framework applicable for notification of Alternative Investment Funds – the “Notified AIFs” or NAIF. NAIF is the fastest way yet to have an AIF operative on the market. Third country AIFMs will be able to submit a request for notification of an AIF once the country where these have been established has been granted passporting rights pursuant to the AIFMD. The great benefit lies within the fact that new funds will be able to come onto the market faster without the need to be authorised by the MFSA and will not be subject to ongoing supervision. Within 10 business days from the date of filing of a complete notification pack, the MFSA will proceed to include the AIF in the List of Notified AIF and the fund can start being operative (source: MFSA).
Main features for UCITS Sub-funds
Main features for AIF Sub-funds
|RESTRICTION||DETAIL UCITS||DETAIL AIF|
|Minimum Investment||€ 1.000,00||€ 100.000|
|Investment Resctrictions||Yes – According to
UCITS V Directive
|Yes – According to
|Leverage limitation||As per Os|
|Custodian||Local and Compulsory|
|Offering Memorandum||For the SICAV|
|Valore||As per Os|
|Investment Manager||Required with optional Advisor|
- Launched on April 2016
- Main Aim: access to the European market in the shortest timeframe possible
- Not a regulated product
- Open-ended or closed-ended, often a SICAV structure
- Timing: 1 month
- Target: Professional and Qualified Investors