DMS Offshore Investment Services Ltd. (DMS), the world’s largest fund governance firm, has added Efficient Capital’s CTA Index Fund to its UCITS ICAV platform.
The fund aims to provide investors with medium to long term capital appreciation through investment of approximately 50% of its Net Asset Value in a total return swap which is referenced to the Efficient Capital CTA Index, and the remainder in cash and cash equivalents. The Index is comprised of investment funds and managed accounts traded for the benefit of such investment funds that utilize a range of CTA strategies.
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.
As a sub-fund on the DMS UCITS ICAV platform, Efficient Capital’s CTA Index Fund has the benefit of a fully supported platform with top-tier service providers, along with DMS support in fund structuring, establishment, regulatory, compliance, distribution, directorship, and reporting requirements.
“Over the past year, the DMS UCITS ICAV platform and stand-alone fund services have been growing significantly, and the addition of a highly regarded firm such as Efficient Capital Management LLC represents another milestone in our growth. It has been our pleasure to work with and support Efficient as the investment manager in this venture”, stated Derek Delaney, Managing Director of DMS Europe.
“We are very excited about having been selected to be the investment manager for this CTA Index Fund. This innovative investment solution from DMS allows us to bring our passion for managed futures and our expertise with the CTA investment universe to institutional investors and qualified individuals. We look forward to a continued partnership with the DMS team,” stated Michael Marcey, Managing Director, Business Development of Efficient Capital Management, LLC.