Ministry of Finance of Luxembourg and by the Commission de Surveillance du Secteur Financier (CSSF) has granted licence to Quaero Capital (Luxembroug) to distribute funds in the EU. The approval has been granted with effect from 1 January 2019.
This approval, along with the European passport, will allow Quaero Capital (Luxembourg) to expand its distribution network and market the Group's funds and investment strategies to institutional investors and distributors in those EU countries where the Group does not have a presence. France and the United Kingdom are covered by Quaero Capital (France) sas and Quaero Capital LLP respectively.
Besides Luxembourg and Switzerland, sub-funds of Quaero Capital Funds (Lux) are already registered for sale in Germany, France, the UK, Belgium, Sweden, Italy, Spain and Singapore.
Quaero Capital (Luxembourg) is led by Dominique Dubois, general manager, and by Pierre Adans-Dester, chief compliance officer and second conducting officer.
Jean Keller, CEO and chairman, said, "This approval will allow us to market our investment strategies more efficiently within the EU in order to meet the growing interest from our European clients. We will thus be able to distribute our funds beyond France and the UK where we carry out asset management activities."