FundRock, a leading European third-party UCITS Management Company (“ManCo”), Alternative Investment Fund Manager (“AIFM”) and Authorised Corporate Director (“ACD”) today announces its appointment as the management company of the recently launched Chimera UCITS ICAV (“Irish Collective Asset-management Vehicle”) with Chimera Capital Limited as the appointed Investment Manager.
Chimera Capital Limited is an Abu Dhabi-based investment firm, that offers its clients unique access to innovative investment instruments with a primary focus on the alternative asset management space.
In this capacity, FundRock will provide the risk management and regulatory framework for the ICAV and undertake the sub-funds’ delegate oversight.
The first sub-fund, Chimera S&P UAE UCITS ETF Fund, is an exchange-traded fund (“ETF”), which seeks to provide
investors with a total return, taking into account capital and income returns. The Fund’s investment policy is to invest 100% of its net assets in a portfolio of equity securities that consists of the Index‘s equity securities. The Fund is passively managed, which tracks the performance of the S&P UAE BMI Liquid 20/35 Capped Index.
Xavier Parain, CEO of FundRock, an Apex Group company, said: “We are delighted to be appointed the partner of choice for Chimera UCITS ICAV. Our expertise and resources will allow the ICAV and the Investment Manager to focus on its core business activity without distraction.”
FundRock, an Apex Group subsidiary, is a leading independent third party UCITS Management Company, Authorised Corporate Director (ACD) and AIFM (Alternative Investment Fund Manager), providing services for European funds. FundRock provides substance through solid Risk management, Oversight, Compliance, as well as through the comprehensive Knowledge of its strong team.
The firm’s multinational team speaks over 20 languages and is well placed to support asset managers across borders with local market insight and global connectivity. FundRock, formerly known as RBS (Luxembourg) S.A. (RBSL), was established in 2004.
As of 31st of December 2020, FundRock oversaw over 450 funds with a total AUM of €100bn. FundRock has over 150 employees across five locations in Luxembourg, the UK, Ireland and Singapore.
For more information please visit http://www.fundrock.com
About Chimera Capital Limited
Chimera Capital Limited, an Abu Dhabi-based investment firm, offers its clients unique access to innovative investment instruments with a primary focus on the alternative asset management space. Chimera Capital Limited leverages its parent company’s extensive experience in private investments, an unrivalled regional access to best-in-class service providers and financial intermediaries, and a vast network of high-net-worth individuals, family offices and private investment companies to consistently deliver above-market returns. Chimera Capital Limited, owned by Chimera Investment LLC, is a private limited company incorporated and licensed in the ADGM and regulated by the ADGM Financial Services Regulatory Authority (FSRA).
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