DMS Offshore Investment Services Ltd. (DMS), the world’s largest fund governance firm, and Arena Capital Advisors (Arena) have announced the launch of the Arena Short Duration High Income Fund hosted on DMS UCITS ICAV platform.
UCITS has created a regulatory passport for investment managers to access European investors. DMS has developed a proprietary UCITS V compliant ICAV platform to provide investment managers with solutions for their UCITS requirements to support the regulatory and fund governance challenges that UCITS presents for U.S. and international investment managers doing business in Europe.
UCITS V, which came into force on March 18, 2016, strengthens the protection of UCITS investors. The regulation harmonizes the UCITS depositary regime, remuneration rules and sanctions regime broadly in line with AIFMD and its delegated acts. By providing a fully supported platform with top-tier service providers, DMS can assist with the fund structuring, establishment, regulatory, compliance, distribution, directorship, and reporting requirements of a UCITS allowing our clients to concentrate on their expertise.
“DMS is very pleased to have partnered with a manager of the caliber of Arena Capital to facilitate their European fund and distribution strategy. This demonstrates their commitment and confidence in DMS’s products and people and we look forward to a successful and long standing relationship,” stated Derek Delaney, Managing Director of DMS Europe.
Sanije Perrett, President of Arena Capital, commented: “The expansion of our UCITS product offerings reinforces Arena’s dedication to European investors. We are excited by the growth potential of our new UCITS Fund, the Arena Short Duration High Income Fund, and are delighted to be partnering with DMS with their proven track record and unique focus in this area.”