Fund Management

Martin Currie Chooses Kinetic For Luxembourg Funds Management

Natasha Taghavi, Reporter, London, 16 July 2013

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Martin Currie Global Funds has selected Kinetic Partners, an international professional services firm for the asset management, banking and broking industry, to provide management services for UCITS funds, based in Luxembourg.

Kinetic Partners will provide third-party services management and hosting, using MANCO in Luxembourg. Providing fund operations management services for third party UCITS funds, the platform ensures adequate risk oversight is in place, in addition to maintaining corporate governance and compliance of fund structures in line with local and international laws, the firm said.

Last month, Kinetic Partners confirmed that it was given approval from the Luxembourg Financial Authority to become a fund management company in Luxembourg, enabling the firm to host third-party UCITS funds, as well as alternative investment funds. Kinetic Partners’ MANCO platform serves clients with funds under management amounting to more than €1.2 billion (around $1.5 billion).

Martin Currie currently manages around $8.2 billion for a range of institutions, charities, foundations, and funds.

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