AFFM S.A.
AFFM - Alken Fund’s dedicated management company
AFFM S.A., founded in Luxembourg in 2018, is an independent Management Company regulated and approved by CSSF subject to chapter 15 of the Luxembourg law of 17 December 2010 relating to undertakings for collective investment (UCITS) and chapter 2 of the Luxembourg law of 12 July 2013 on alternative investment fund managers (AIFs). AFFM’s exclusive mission is to create a dedicated and professional structure to help the Alken Funds to prosper and grow in collaboration with the qualified external investment manager Alken Asset Management Ltd.
- Established
- 2018
- Domicile
- Luxembourg
At the foundation of the Alken Fund in 2005, Pictet & Cie (Europe) S.A. was the Fund’s Management Company and Promoter. As of May 2007, the Board of Directors of the Alken Fund appointed Alken Luxembourg S.A. (then named Virmont S.a.r.l.) as the designated Management Company and the Promoter of the Fund. In January 2018 AFFM S.A. replaced Alken Luxembourg S.A. and took over all rights and obligations, employees, offices, systems, service providers, as well as agreements and processes. This change was essentially an administrative one.
In 2022, AFFM opened its first branch in Madrid, Spain to provide marketing activities under UCITS and AIF law and in 2024 a second branch was opened for the same purpose in Frankfurt am Main, Germany. AFFM also provides marketing activities in France and Austria based on the notification under the freedom to provide services in another EEA State.
Currently, AFFM initiated the establishment of two additional branches in Milan, Italy and Paris, France to carry out the activity of portfolio management subject to pending CSSF approval.
AFFM acts as the designated Management Company of the Alken Fund and oversees the day-to-day operations. Pursuant to the management company services agreement, it provides investment management, administrative and marketing services to the Alken Fund, subject to the overall supervision and control of the Directors of the Fund. It is permitted to delegate all or a part of its functions and duties to third parties, but it retains responsibility and oversight over such delegates.
See AFFM’s website for more information: https://www.affm.lu