Heritage International Fund Managers (HIFM) is to offer portfolio and risk management services for alternative investment funds as part of a new management company (manco) solution.
Heritage has provided risk management solutions to a range of clients since the inception of the Alternative Investment Managers Directive (AIFMD) and has been licensed to provide investment management services since 2012.
With the manco and risk management services, it aims to help alternative investment funds meet the requirements of the AIFMD, which was implemented across Europe in 2013.
The manco will provide a range of risk management services, including set-up, monitoring and reporting to alternative investment fund clients and competent authorities.
Kevin Smith, a Director at HIFM, commented: “Alternative investment funds and promoters are increasingly keen to outsource their risk management and AIFM requirements to third parties, as regulations become more complex and stringent.
“By appointing HIFM as AIFM, an investment adviser can segregate between portfolio and risk management, freeing up time and resources to concentrate on core competencies.”