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Alternative Market Briefing

Malta's Scotstone Investments offers AIFM umbrella for smaller managers

Tuesday, January 28, 2014

Komfie Manalo, Opalesque Asia:

Scotstone Investments Ltd., IDS Group’s Malta-based company that assists emerging or non-EU domiciled fund managers gain access to the European market, has set up an alternative investment fund managers (AIFM) umbrella for smaller fund managers.

This was revealed by Ian Hamilton from IDS at the latest Opalesque Roundtable Zurich 2014.

Queried about the prohibitive costs for managers to get an AIFMD (alternative investment fund management directive) license, Hamilton replied, "For Scotstone Investments we have set up our own asset manager which acts as the host for some of the smaller firms. Standalone is expensive and I would hate to see increasing costs and regulation result in the ladder being pulled up for the future and the smaller fund managers."

IDS Group is a hedge fund administration firm with operations in Malta, Mauritius and South Africa. In December, Scotstone was granted an AIFMD-approved fund manager license in Malta.

Hamilton explained that he is in favour of licensing fund managers under the AIFMD regime because it gives protection to investors even though that means some managers who in the past were operating "below the radar" may try to fight the fact they have to be registered or licensed going forward.

"We talk about swallowing pride, I thin......................

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