Trium Capital, the London-based alternative investment specialist with a full-scope UCITS platform, has taken the strategic decision to bolster its operational infrastructure by expanding into Dublin. Subject to regulatory approval, the Irish office, led by Andrew Collins, will enhance Trium’s distribution capabilities, create a platform for growth and safeguard clients, partners and investors against long-term political instability.
Trium will create a ‘Super ManCo’ in Dublin to house all of its UCITS and non-UCITS funds, underscoring its commitment to building its presence in the UCITS jurisdiction. The new entity will also ensure the firm has the necessary permissions to manage its UCITS and AIFs across the European Union, where current distribution agreements may be jeopardised by short-term political upheaval.
Andrew Collins, head of Trium Ireland, says: “Our plans to establish a Dublin Management Company signal our long-term commitment to building the infrastructure around our UCITS and non-UCITS businesses and create a long-term best-in-class service to our clients, partners and investors. We will also have a robust solution in place that ensures a seamless distribution service to our partners and investors whatever the political weather. We expect regulatory approval from the Central Bank of Ireland in the coming months.
“Currently, a Memorandum of Understanding is in place between the European regulators and the FCA and this will allow us to continue to manage our funds from London. However, the Irish entity will have the necessary permissions to allow distribution to continue largely as it is today, in the event of any disruption. Naturally, we will monitor the situation to ensure we can continue to manage our business and service investors in accordance with the rules as they evolve.”
Trium has already secured office space in Dublin and has begun to hire its first employees. Collins will move to Ireland in June and Trium will continue to expand its Dublin staff as it bolsters operations in the capital over time.
Collins says: “We want to strategically grow our European operations and our Dublin hub is central to this vision. The capital has become a thriving, globally connected financial services and tech hub that is open to business. We expect to build front and back office capabilities by capitalising on Dublin’s highly skilled pool of talent.”
Shenan Dhanani, co-head of Trium Capital, adds: “By demonstrating our commitment to developing our UCITS and AIF businesses, we are harnessing the operational and distribution benefits of creating a base in an open and dynamic city. In the alternatives space, we are also one of the first-movers in mitigating risk for investors and partners.”
The proposed opening of the Irish office has been covered extensively in both the specialist hedge fund and mainstream press.
View the profile of Andrew Collins, Head of UCITS, here.
HFM Week (subscription required):
https://hfm.global/hfmweek/news/trium-capital-to-launch-dublin-hub/
The Irish Times:
https://www.irishtimes.com/business/financial-services/asset-manager-trium-capital-to-establish-dublin-hub-1.3836920
HedgeWeek:
https://www.hedgeweek.com/2019/03/25/274283/trium-capital-strengthens-ucits-and-non-ucits-infrastructure-dublin-expansion
Citywire Selector:
https://citywireselector.com/news/london-based-alts-boutique-latest-to-launch-irish-base/a1213584?ref=citywire_global_latest_news_list
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