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Trustmoore, een internationale aanbieder van fund- en corporate services, neemt AssetCare over, die zijn fund services aanbiedt via een innovatief fundtechplatform.

Finance is full of repetitive work, often done manually. Reconciliation, reporting, and various calculations to evaluate assets are part of daily life. But in recent years, the AI storm has arrived.

When an investment fund is established, an early and fundamental question arises as to how the operating model should be structured. Which activities should be performed by the fund manager, and which are more efficiently outsourced?

When an investment fund is established, an early and fundamental question arises as to how the operating model should be structured. Which activities should be performed by the fund manager, and which are more efficiently outsourced?

An increasing number of investment funds opt for the AIFMD 'light' regime in order to remain outside the scope of a full authorization. At first glance, this may appear to allow funds to operate largely outside supervision, but this is a misconception. 'Light' managers are also subject to reporting and information obligations and remain bound by multiple statutory and regulatory frameworks.

The assets under management of fund managers under the light regime often do not correspond to the portfolio value and can be significantly higher. As a result, managers unknowingly risk exceeding this strict limit, with all the consequences that entails.

This is evidenced by a report published by the Netherlands Authority for the Financial Markets (AFM), based on internal data. Since 2019, an average of approximately sixty new light managers have registered each year, according to the regulator.

For small independent asset managers, it has become almost impossible to guide their clients carefree toward capital preservation or growth. In the last five years the increasing regulation, dependence on custodian banks and price pressure have given these entrepreneurs sleepless nights.

Small investment funds call the current setup of the UBO register for trusts unworkable and are sounding the alarm. This again threatens to stir controversy around the UBO register, following backlogs at the Chamber of Commerce, opposition from entrepreneurs and a major amendment to the law under pressure from the European Court.

The UBO register for trusts provides insight into individuals who have a role or financial interest in trusts and similar legal constructions. A fund for joint account ("FGR") is regarded as such a similar construction.

Through the segregation of functions, responsibilities are divided and the necessary controls can be performed. In recent years, governance has become a key topic, including within pension funds. Supervisory authorities devote significant attention to this area.

The world of pension funds and investment funds is often regarded as traditional. Until now, it has largely been dominated by major financial institutions that innovate little and push new entrants out of the market. Amsterdam-based AssetCare is challenging that status quo—and doing so successfully.