For­eign in­vestor in­ter­est on the rise, says CySEC chief

Financial Mirror (Cyprus) - - FRONT PAGE -

Com­pa­nies from Rus­sia, Lux­em­bourg and Greece are show­ing in­ter­est in spe­cialised in­vest­ment tools and funds, such as the Un­der­tak­ings for Col­lec­tive In­vest­ment in Trans­fer­able Se­cu­ri­ties (UCITS), Cyprus Se­cu­ri­ties and Ex­change Com­mis­sion Chair­man (CySEC) Deme­tra Kalo­girou said re­cently.

UCITS seek pri­vate in­vestors and col­lec­tively in­vest in trans­fer­able se­cu­ri­ties or in other liq­uid fi­nan­cial in­stru­ments and al­ter­na­tive in­vest­ment funds (AIF), which make al­ter­na­tive in­vest­ments in real es­tate, ships and met­als.

As Kalogerou said that 14 com­pa­nies have ap­plied for an AIF li­cence, 5 of which have been ap­proved by the CySEC board. Euro­pean leg­is­la­tion pro­vides that such en­ti­ties can man­age funds of over 100 mln eu­ros, she added.

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