SELECTRA Management Company S.A.: The independent solution for the management of UCITS and alternative funds in Luxembourg

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Incorporated on July 16th 2013, the new independent Luxembourgish Management Company is addressed to managers and promoters for the creation, management and distribution of innovative funds from the Grand Duchy.

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11/09/2013 | Inauguration
  • Selectra - cipolla

    Marco Cipolla, Managing Partner of SELECTRA.

Relying on an independent Management Company is an inevitable step for asset managers, considering the increased complexity assumed by the investment vehicles, due to the enlargement of the spectrum of financial instruments that can be included in the portfolio and to the increasingly advanced and sophisticated investment strategies

Marco Cipolla, Managing Partner of SELECTRA

SELECTRA Management Company S.A. is the new Luxembourgish independent Management Company holding a European passport, born with the aim to enlarge and complete the existing services offered by the FARAD Group, already active in the insurance brokerage and individual discretionary asset management and now in the collective asset management.

Approved in July 2013 by the Commission de Surveillance du Secteur Financier (CSSF), SELECTRA is an independent partner for the creation, management and distribution of investment funds from European an non-European promoters.

SELECTRA’s mission is to act as Management Company for UCITS funds, but also UCI funds, specialized investment funds (SIF), risk capital funds (SICAR) and hedge funds, that in order to benefit from the European passport in accordance to the European directive on alternative investment funds (AIFMD) should implement, within their respective structures, a series of activities and control systems or to entrust them to a Management Company. In respect of such investment vehicles, SELECTRA, in addition to the asset manager, can also act as risk manager, domiciliary agent and distributor, besides carrying out all typical management and control activities, but especially to support the customer in an active partnership from the constitution through the entire life of the fund.

SELECTRA is addressed to the world of Sicav, both new and existing ones, that are self-managed, as well as to the world of alternative investment funds (Luxembourg-based and also based in other jurisdictions), with a limited time-to–market and affordable costs. The new Management Company takes over the management of SELECTRA Investments Sicav, an umbrella UCITS fund active since 2008 with management strategies including hedge funds, long/short equity and market neutral, as well as offering administration and control services to specialized investment funds.

"Relying on an independent Management Company is an inevitable step for asset managers, considering the increased complexity assumed by the investment vehicles, due to the enlargement of the spectrum of financial instruments that can be included in the portfolio and to the increasingly advanced and sophisticated investment strategies", says Marco Cipolla, Managing Partner of SELECTRA.

"With a client-oriented approach and a high degree of customization and adaptation to customer requirements, SELECTRA is able to provide innovative solutions in compliance with the latest European directives on investment funds - says Marco Caldana, founding partner of SELECTRA - Also Supervisory Authorities recommend asset management companies to turn to external Management Companies, rather than play at home all the complex tasks required by the regulations. This would reduce the risk of conflicts of interest that could be generated in cases where the management and monitoring activities should be attributed to the same person. If for some funds the use of a Management Company will become a necessary step, for others represents an opportunity to have an independent partner in order to implement appropriate controls and ensure the right knowledge of the features that characterize the investment funds structure".

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