London-based Laven Partners and Luxembourg-based Fuchs Asset Management are to set up an investment management platform for hedge funds, private equity and real estate fund managers looking to mitigate Brexit risks.
The partnership between the two firms aims to provide integrated fund solutions for asset managers seeking to distribute alternative products in the UK and Europe after Brexit. In a statement, the two firms said: “The management of Laven Partners and Fuchs Asset Management believe that with a hard or a soft Brexit the financial services industry has been abandoned. They wish to provide a bridge between the UK and Luxembourg which is currently the largest fund centre in Europe and well positioned for distribution to the rest of the EU.”
Fuchs Asset Management chief executive officer, Timothe Fuchs, commented: “With Brexit the UK will no longer be part of the passport regime and our clients will need an operating base in the UK to either manage, advise or distribute financial assets. We are excited to partner with Laven Partners as their reputation is second to none, they have always demonstrated the highest care for compliance while remaining extremely pragmatic and client focused.”