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Fund hosting service
We offer a Gibraltar regulated fund hosting service to managers looking to launch regulated funds with the option of a GSX listing. Under UK FCA exemptions, funds may be promoted to sophisticated and institutional investors in the UK.
Our hosting service provides a platform that has the advantage of economies of scale and processes, streamlined by experience. Funds can be structured quickly and efficiently at a fraction of the cost with lower TERs and time-to-launch characteristic of established markets.
Agnostic as to investment strategy and underlying assets, the service is able to host the full range of equities, fixed income, currencies, commodities, real estate/property as well as crypto-tradable assets. We offer everything fund managers need to launch either closed - or open-ended funds leaving them to focus on their core skills - investment management and distribution.
Fund hosting platform’s structure
Benefits of our structure
Low cost – The fixed fee package for a hosted fund starts from £50,000. Regulatory fees are complex, variable and often prohibitive for market participants. The package comes at a fraction of the cost of listing in other fund centres and reduces TERs.
Speed to market – We take advantage of the combination of our own economies of scale and the agile and specialised regime of the Gibraltar Financial Services Commission (GFSC) to minimise frustrating and expensive operational delays.
Reliable fund hosting service – Our team takes advantage of our regulatory permissions derived from our hosting platform to provide the highest levels of expertise and reliability. Performance delivery is rigorous and always monitored throughout the fund structuring process.
Turnkey solution – We interface with legal, regulatory and back-office service providers leaving the manager to focus on their core competencies - investment strategy, asset allocation, distribution, and investor relations. Our licence your fund strategy.
Frequently asked questions
What are the benefits of Red Ribbon Fund Management’s fund hosting service?
We offer a fast-to-market, hosting service to launch a regulated and listed fund in 12 weeks on a fixed fee basis, starting at £50,000. Over several years our experienced team has been honed to provide an efficient service taking advantage of the agile regulatory environment and the economies of scale of our operations team. We are able to leverage the established relationships and processes with our lawyers, with GFSC and GSX while liaising with 3rd party service providers such as administrators and listing member firms on our fund clients’ behalf.
What happens if another fund in Red Ribbon Fund Management fails?
Red Ribbon Fund Management’s funds in Gibraltar are offered as “cells” of Red Ribbon Strategic Fund PCC (Protected Cell Company) which, as its legal construct suggests, ensures that assets and liabilities of each cell are entirely ring-fenced from those of other cells. This provides the highest levels of investor protection against the – highly unlikely – financial failure of another cell.
Do we need to be regulated?
No because our clients take advantage of Red Ribbon Fund Management’s own regulated licence in Gibraltar. We hold what is known as Part 7 permission under the Gibraltar Financial Services Act 2019 to act as a Small Scheme Manager of alternative investment funds. Under this Red Ribbon Fund Management is able to make its fund hosting platform service available for asset manager clients who wish to offer alternative fund investment strategies to investors.
Who is responsible for distribution?
Asset managers retain their distribution channels to communicate with investors. They continue to be responsible for explaining their asset management strategies to purchasers of their funds and providing regular performance reports.
Can we distribute the funds and bonds in the UK?
Gibraltar’s financial promotion legislation covering the funds and bonds is deemed to be equivalent to the UK FCA’s regulatory infrastructure. As such there is in effect a mini-Single Market between the UK and Gibraltar which means that the territory is the only jurisdiction on Mainland Europe that offers unfettered access to the UK market under the GAR - the Gibraltar Authorisation Regime.
Bond listing service
We offer our bond listing services using our Gibraltar regulatory licence to companies and entrepreneurs looking to raise capital via regulated and GSX-listed bonds. Listed bonds are compliant with UK FCA’s financial services promotion regime. These have access to the UK markets and can be marketed to UK investors. All our bond listings are on the Main Market of the GSX which is both a regulated market and an HMRC recognised stock exchange. Our bond listing service is ideal for entrepreneurs and SMEs whether they are seeking to finance working capital, business expansion or as investment strategies. A fast and efficient service, it provides a regulated fixed income investment suitable for both experienced and institutional investors.
Frequently asked questions
Is there a secondary market on GSX?
No; Red Ribbon Fund Management provides a listing platform that allows bonds to be brought to the Main Market on the Gibraltar Stock Exchange so as to attract a wider audience – in the form of both experienced and institutional investors. A bond that lists on GSX receives an ISIN which means that the bond can be invested in by investors such as pension funds who would otherwise be unable to buy such bonds. However, a GSX listing is otherwise only a technical one in that there are no secondary market prices or liquidity for the bond investors.
Who takes care of the regulatory functions?
The Red Ribbon Fund Management bond listing service delivers listed and regulated bonds that meet the full requirements of Gibraltar’s regulator, the Gibraltar Financial Services Commission and the listing rules of GSX – the Gibraltar Stock Exchange. Red Ribbon Fund Management’s responsibilities include liaising with our retained Gibraltar legal advisers, Triay Lawyers, to structure the bond. This ensures that this is drafted in accordance with the Prospectus Regulations that govern financial promotion.
What are the benefits of RRFM's bond listing service?
The benefits of listing bonds on GSX include being able to offer a wide range of debt securities including corporate bonds, asset backed securities, convertibles and structured securities. Moreover, there is no withholding tax on interest bearing instruments under the Eurobond exemption.