Τhe Movers and Shakers of the Wealth Management & Investment Fund Industry

The finer points were discussed during CIFA’s digital workshop - The Cyprus Stock Exchange offers significant benefits to Investment Funds.  

Invest Cyprus expresses its satisfaction at the strong momentum of Cyprus’ investment funds industry, even in the particularly adverse conditions brought on by the pandemic. According to the latest available data published by the Cyprus Securities and Exchange Commission, the number of investment funds increased to 283 in the fourth quarter of 2020, while there was also an increase in the assets under their management, which totaled €8.58b.  

In accordance with Global Private Banking and Wealth Management Survey, conducted by Euromoney in 2021, LEON Family office received high ratings and awards in a number of categories:

The ongoing interest from investment funds, even during the pandemic, to register and operate in Cyprus is proof positive the country has become a viable and attractive European destination for Fund managers and sector-specific consultants.  

Cyprus is persuading Investment Funds to move their operations to the island with stakeholders pleased that despite the pandemic interest is gaining traction - this was the main conclusion from the Cyprus Investment Funds Association (CIFA) Annual General Meeting this week.

The ultimate jurisdiction for Middle East and North Africa (MENA) funds that want to invest in Europe, and international funds interested in the MENA region

Alkis Hajittofis, Executive Director and Head of Portfolio Management at Resolute Investment Management (Cyprus) Ltd, outlines the benefits of investing in real estate through a Fund.

UCITS (Undertakings for Collective Investment in Transferable Securities) are regulated funds that can be offered to the public at large. These funds can be sold across the EU subject to a brief registration procedure with each country regulator.

A Cyprus AIF is cost-efficient and simple to set-up, manage and operate. It offers a modern regulatory framework that is in line with relevant EU directives, is supervised by the Cyprus Securities and Exchange Commission (CySEC) and enjoys reduced reporting requirements.