LRI Group has added six new managers to their Ucits platform, forecasting approximately €12bn assets under management(AuM) in 2017, despite on-going complexities facing the fund management industry.
Markets in 2017 have remained volatile and uncertain due to major changes affecting the institutional and alternative management industry, however LRI believes that there are still plenty of attractive opportunities for managers during such turbulent times.
The growing appetite of LRI Group’s fund business emerged from an increase in global asset management clients and in particular a stronger global distribution network of investors and asset managers. In addition to the total range of legal fund structures available in Luxembourg, this also includes distribution partners in Asia, Australia, Europe, US and Latin America as well as access to an institutional investor network.
The new managers in financial assets include: M17 Capital Management, P.A.M Prometheus Asset Management, QC Partners, SK Asset Management, TAO Alternatives and Torendo Capital Partners GmbH.
Austria, Germany, Netherlands and Switzerland were the dominating countries of origin. As a result, the fund range has expanded rapidly over the past year to include classic equity and fixed income strategies, multi-asset funds and liquid alternative approaches.