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Following the introduction of the AIFMD, many hedge fund managers are required to comply with the so-called ‘depositary-lite’ regime. Managers need to identify depositary providers such as INDOS in order to continue marketing their funds to EU investors after 22 July 2014.

Bill Prew, Founder and CEO of INDOS, said “Being the first independent firm to obtain an Article 36 Custodian authorisation is a major achievement and comes at a very important time. Many hedge fund managers are working towards submission of their AIFMD application for authorisation to the FCA. Our authorisation will enable prospective clients to identify INDOS in their application with confidence”.

Bill continued “Our appointment to date by a number of hedge funds has been subject to receiving this authorisation. We can now focus on finalising arrangements with these clients and moving forward with on-boarding. We are confident many more will follow their path as managers value the benefits of our independent, flexible and transparent approach.”

(press release)
About INDOS Financial INDOS Financial is a UK business which provides independent Alternative Investment Fund Managers Directive (“AIFMD”) depositary services to alternative investment fund managers seeking to market non-EU alternative investment funds to EU investors. The business specialises in hedge funds and offers a client focussed transparent and flexible service. INDOS Financial was established in late 2012 by Bill Prew, a former hedge fund Chief Operating Officer and European Chief Financial Officer of Barclays Global Investors supported by a strong management team with blue-chip administration and trustee backgrounds. PD