FundRock appointed as ManCo for newly launched smart beta fund distributed by Deutsche Bank
FundRock Management Company S.A (“FundRock”), a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), today announces its appointment as the management company of the newly launched Primus Solutions ICAV (“Irish Collective Asset-management Vehicle”).
In this capacity, FundRock will provide the legal and regulatory framework for the ICAV and undertake the delegate oversight of the sub-fund.
Primus Solutions ICAV, the umbrella fund, has a sub-fund called the Primus Fixed Income Smart Beta Fund that will obtain synthetic exposure to a portfolio of fixed income indices. As a smart beta fund, it will deploy systematic, quantitative and rules-based investment strategies.
Xavier Parain, CEO of FundRock, said: “We are delighted to be appointed the management company of the Primus Solutions ICAV. Our expertise and resources will allow the investment manager to focus on its core business activity without distraction. Today’s announcement demonstrates FundRock’s continued strong performance in 2020, despite a challenging broader market environment. We are confident of maintaining this strong momentum as we move towards 2021.”
Vadim Totskyy, Head of Cross Product Structuring at Deutsche Bank, said: “As the Global Distributor, Deutsche Bank is pleased to be offering the Primus Fixed Income Smart Beta Fund to investors. FundRock is a recognised player across Europe and we look forward to helping the Primus Solutions ICAV grow.”