We handle redomiciliations of investment schemes from offshore domiciles to Malta, passporting of UCITS funds to various EU markets, as well as cross border mergers for UCITS funds merging into Malta based funds.
Malta’s fund industry was largely created on the strength of the hedge funds already established locally; with this alternative domicile being recognised to host an ideal regulatory infrastructure that can cater for the requirements of the sector.
Being the local market leader in fund administration, in terms of market share has been key in providing its services to this market segment. VFS’ commitment has in fact been by way of its ongoing business promotion initiatives in the company’s core markets, targeting the hedge fund and alternative space.
Our commitment is further evidenced by the diverse hedge fund strategies serviced by the company, the provision of additional services required as well as assisting fund promoters choose the best suited hedge fund framework.
In effect, Malta’s regulatory framework for hedge funds is not a onesize- fits-all model, but is multi-layered catering for the diverse risk profiles of investors, as well as addressing the needs arising from the investment managers’ diverse strategies.
Apart from the provision of mainstream fund adminitration services, VFS as Malta’s largest fund administrator strives to be ahead of the curve in terms of the dynamic nature of the market, growing sophistication of investors, evolving regulatory frameworks, challenges faced by fund managers and their ensuing demand.
The company’s one-stop solution approach for structuring funds, redomiciliations, cross-border mergers and passporting, alongside the full suite of traditional fund administration services ensures the ease of setting up and running a fund in Malta.
VFS’ commitment to further support new start-ups and the existing client base is also manifested through the provision of ancillary services, including regulatory reporting for AIFMD, CRS and FATCA, support to fund managers by way of fact sheets, monthly management accounts and on-going regulatory reporting, as well as support from the parent company, Bank of Valletta, in terms of custodyship, brokerage and banking services including opening of bank accounts, as well as hedging arrangements.
Adopting such a holistic approach ensures that our client base is assured of all forms of administrative and related support, thereby facilitating fund managers to focus their attention on their own internal core competences.
The company’s mantra is to deliver a comprehensive suite of services to asset managers in a professional, timely and accurate manner that addresses their diverse and growing demands. The philosophy permeating the psyche of the company is based on building long-lasting relationships with clients, underpinned by reciprocal trust, commitment and engagement.
VFS has over the years been awarded by multiple specialist magazines as the Best Administrator in Malta, no doubt an endorsement by our client base who contributed to this. It must also be stated that business generated through word-of-mouth recommendations by existing clients is another major contributor to the company’s business growth. VFS recognises its employee’s as the company’s main asset.
VFS therefore invests heavily and continually in its staff development, with a view to improve their skill-sets, knowledge and competencies, considered fundamental to offer a qualitative service that meets clients’ expectionations.