Kinetic Partners is the first advisory and consulting group to be granted AIFM licensing allowing its Luxembourg division to offer outsourced fund management services to third party AIFs.

Global firm Kinetic Partners is the first advisory and consulting group to be granted AIFM licensing by the Commission de Surveillance du Secteur Financier, which allows its Luxembourg division to offer outsourced fund management services to third party AIFs in addition to UCITS funds. 

In a statement, the firm said that the solution, or “SuperManCo” status, includes a complete AIFM-licenced third party management platform, based in Luxembourg.

“This capability allows us to offer our fund clients a full range of services to meet the needs of the AIFMD. The directive will have a significant impact on asset managers and many are currently looking for ways to offset this burden. We are constantly looking at how to expand the range of services we offer to our clients and we know that conforming with regulations is a key concern,” explained Julian Korek, chief executive at Kinetic Partners.

The fully-fledged service assists asset managers who are seeking to distribute funds across Europe or who are required to outsource AIFM responsibilities to an external party, the statement said. In addition, the firm provides consulting advice on the management options available for funds as well as the potential costs. This includes assisting AIFs in optimising the use of new passporting possibilities offered under AIFMD.

In related news, Kinetic helped quantitative fund manager Piquant Technologies launch the UK’s first hedge fund authorised according to the Alternative Investment Fund Management Directive in August 2013. Read more on that story, here.

As of 30 June 2013, Kinetic Partners had $2.97 billion in assets under management.