MPMF - the Maples Group Comprehensive AIFM Solution
Since the Alternative Investment Fund Managers Directive ("AIFMD") came into full effect, MPMF Fund Management (Ireland) Limited ("MPMF") is continuing to gain momentum. MPMF has on-boarded a number of well-known alternative investment funds ("AIFs") and anticipates continued significant interest in the services offered.
AIFMD is the European Union ("EU") directive that came into force on 22 July 2013, with a transitional compliance date of 22 July 2014. The directive regulates EU and non-EU fund managers that market AIFs to investors domiciled, or with a registered office, in the EU.
MPMF, a Central Bank of Ireland authorised alternative investment fund manager ("AIFM"), is the Maples group's full-service solution to AIFMD, providing comprehensive, independent management oversight and regulatory reporting services to AIFs.
When AIFMD posed significant challenges to fund managers and investors last summer, requiring EU-based funds to comply with new and extensive authorisation, ongoing operation and transparency requirements, MPMF's robust AIFM solution ensured managers were able to focus on managing their funds by providing seamless access to the local AIF market.
MPMF's flexible full-service offering includes two approaches: the Hosted AIFM model and the Delegation model. Both models provide local management and fulfilment of all regulatory requirements, allowing managers to focus on investment management and marketing.
"MPMF allows fund managers to focus on their core competencies, while ensuring that all aspects of governance and reporting are handled by our AIFMD specialists," said Scott Somerville, Chief Executive Officer of MaplesFS.
In addition, managers benefit from the complete range of services provided by the Maples group, which includes legal, regulatory, tax, compliance, fiduciary, accounting and administration services through its three operating divisions Maples and Calder, Maples Fiduciary and Maples Fund Services.
Furthermore, an experienced team of investment and risk management professionals based in the Cayman Islands and Dublin, as well as the Maples group's industry leading technology and proprietary reporting solutions offer a one-stop-shop AIFMD solution. As a direct result, some of the world's largest banks and asset managers now form the basis of MPMF's growing client list.
"Investors are increasingly focused on fund governance, and in particular risk management and compliance, due to the increasing requirements of global regulators," said Naomi Daly, Senior Vice President at MPMF. "MPMF provides a robust governance and compliance solution to AIFMD, with the oversight of a highly knowledgeable risk management team plus our ability to generate comprehensive in-house risk and regulatory reports."
Since July 2013, MPMF has seen steady increase in its client base and today provides both non-UCITS management company and AIFM services spanning 34 funds and 21 investment managers, covering a wide range of investment strategies. MPMF has successfully passported its management services into Germany and is also authorised to service Cayman Islands funds.