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By Christine Gaylican, Opalesque Asia:
Luxembourg-based alternative fund administrator Alter Domus has established its presence in Asia as it recently merged with Hong Kong firm Skye Fund Services.
In the merger, Alter Domus becomes the surviving entity with an estimated €50bn Euros or almost US$74.7bn worth of funds administered globally. The company has existing offices in eight jurisdictions across the world, including Amsterdam, Cyprus, Hungary, Guernsey, Jersey, Hong Kong, Luxembourg and New York.
Formed in 2001 as a spin-off of a Big Four accounting firm, the company provides independent administration services for private equity firms and hedge funds.
Alter Domus’ managing director Javed Rahman told Opalesque in a telephone interview today that the company can now participate in the expected growth in Asia, especially among emerging market economies.
“We would like to assist fund managers with the administration of funds based in Asia and investment vehicles set up to facilitate investments into Europe,” Rahman said.
Hong Kong’s treaty with Luxembourg breaks new grounds
He noted that the company would like to take advantage of the recent ratification of the double taxation treaty between Hong Kong and Luxembourg that targets at opening up significant opportunities for Asian firms engaged in inward investments in Europe.
“Hong Kong, one of the most important financial centres in Asia, has seen the alternative funds industr...................... To view our full article Click here
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