The latest official data released from the Cyprus Securities and Exchange Commission (“CySEC” or “Commission”) showcase a continuously growing and dynamic Investments Funds sector in the island. Specifically, according to the statistics published by the regulator, in H1 2021, the Assets under Management (AuM) of Collective Investments reached €10.7 billion, a record high which translates into a 9% quarterly increase compared to the previous quarter.

The Cyprus Securities and Exchange Commission (‘CySEC’), has published a new Circular, informing the Alternative Investment Fund Managers (AIFMs), that the European Securities and Markets Authority (‘ESMA’), issued on June 22, 2021, the official translations in all European Union official languages (including translation in the Greek language), of its Guidelines (‘the Guidelines’), on Article 25 of Directive 2011/61/EU (‘the Directive’) with reference number ESMA34-32-701 EN.

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