New strategic partnership with Absolute Return Partners LLP
Kroma and OpenFunds will initially market a multi-manager fund investing in direct lending strategies advised by ARP to their respective network of professional investors in the Middle East & Switzerland respectively.
The role of UK lending funds is increasing in the post-Brexit world
The investment management industry has become even more critical in the UK's non-bank finance market.
||Founder and CEO of Prestige Asset Management, Vice Chairman of OpenFunds Investment Services AG
Interest in the UK as a market for investment does not seem to have dissipated in the wake of the Brexit vote. Foreign investors see an opportunity from the weaker British pound to increase their exposure and there is also considerable interest in the long-term prospects for the UK economy and the yields to be earned from effectively managed lending strategies.
OpenFunds Investment Services Ltd. (‘OpenFunds’) and Kroma Capital Partners Ltd. (‘Kroma’), announced today a strategic partnership for the distribution of investment funds to professional investors in Switzerland and in the Middle East
OpenFunds and Kroma will cooperate in the areas of fund sourcing and due diligence, offering to the fund managers they both distribute access to their respective networks of professional investors in both Switzerland and the Middle East.