Luxembourg Fund Partners (LFP) has announced that it has recently delegated the administration and the function of transfer agent for their platform of alternative investment funds, LFP I SICAV SIF and LFP Prime SICAV SIF, to European Fund Administration (EFA).
Julien Renaux and Luc Leleux, Executive Committee members of LFP commented "Luxembourg Fund Partners SA is delighted to have appointed European Fund Administration, one of the most important actors of Luxembourg, to provide a set of advanced services to shareholders of the funds concerned. The implementation of the Directive on Alternative Investment Funds (AIFs) is an important step for the continued development of the Luxembourg alternative investment funds industry. By combining regulation of the defined activities in the alternative investment sector and supervision of environmental general risks, with improved transparency for investors and more stringent operating rules, players in the industry funds must analyse potential impacts and ensure that their business model is the most effective. In Luxembourg Fund Partners S.A., we are aware that the high corporate governance level confirms the need to align our organization to protect the interests of investors at any time. We are really pleased with the attention shown by the teams involved in European Fund Administration in preparation for migration and their respective officers, we look forward to a very productive future."
Thomas Seale, CEO of EFA, added "EFA is pleased to welcome Luxembourg Fund Partners as a client. This authorisation confirms our strong position as an independent player and long-term partner. Our constant interaction with our customers has helped us to understand the market needs and develop customised solutions. "
