PWC Observatory for Management Companies – 2019 Barometer
On 25th of April, PwC Luxembourg released the 2019 version of its observatory for Management Companies barometer. This annually released barometer has become the key industry reference point measuring multiple factors and metrics about Management Companies in the Luxembourg market.
Under the category ‘Top 10 Third Party ManCos’, FundRock has retained its position as the second largest player in the market and excluding firms with in-house assets would see our overall market share in UCITS at 28%, by far the largest player.
Our AIFM business also continues to grow rapidly with over €6Bln onboarded during Q1 2019 and we very much look forward to appearing on the AIFM specific list next year. We currently support an additional €16.8Bln of assets through our unbundled service offering and through our Irish branch and UK ACD this would see the total AUM of Group assets serviced in the region of €87BIn.
Our clients are at the heart of this success and we take again this occasion to sincerely thank them for their ongoing trust and loyalty in us. FundRock continues to invest in new initiatives, technology and people in order to truly differentiate our client proposition and we will be making some exciting announcements during the course of 2019.
Finally to our staff, we thank you massively for your hard work and determination. Without you, our ongoing success would not be possible.