The Federation of European Independent Financial Advisers (FEIFA) has announced a new partnership with Prestige Funds, in a move that will deliver a different investment angle to the trade association's existing affiliations.
Established in 2007, Prestige Funds is a private debt fund manager with a track record of lending to smaller businesses, including agricultural firms and clean energy projects.
The relationship with FEIFA members will be headed up by Steve Barnes at Prestige.
Prestige has a range of alternative credit funds that have delivered consistent, positive returns in various major currencies"
"Our diversified investment portfolios of private loans are encapsulated in our Luxembourg-domiciled and regulated SICAVs, which are also listed on Euronext," Barnes explained. "Our team consists of over 100 people and we have raised over $1.8bn from a diverse range of institutional and advisory based clients. Many of our longest-standing clients are IFAs and wealth managers operating across Europe.
"We work closely with our distribution partners to help them to educate investors about the benefits and potential risks of private debt as an asset class and the importance of social/climate-responsible investment," he added.
"Prestige has a range of alternative credit funds that have delivered consistent, positive returns in various major currencies with little correlation to equity and bond markets," FEIFA CEO Paul Stanfield said in a statement.
"As well-regulated SICAVs these provide appropriate and very useful additions to the core investment offerings of our existing affiliations. In addition, Prestige will work with us to provide valuable training and education with regards to the risks, and relevant utilisation, of alternative investment vehicles of this nature."
FEIFA member companies are English-speaking advisory businesses, active across Europe and advising on cumulative assets in excess of €6bn. The Federation is a non-profit trade association and has partnerships with a wide range of companies, including all of the relevant international life companies, major asset managers, and key international pension and trust companies.
Bloomberg SASB indices