Universal Master Funds plc (UMF), a Gibraltar-regulated fund company with an umbrella structure has just been launched. It has been developed as a special-purpose vehicle to facilitate the setting up and operation of an unlimited number of 'sub-funds' under the umbrella structure for different promoters.
"This is only the first cog in the wheel," said Christopher Labrow, Chairman of the Gibraltar Association of Stockbrokers and Investment Managers (GASIM) and the man behind the innovative new vehicle. "I have also set up IFAS (Gibraltar) Ltd, a third-party fund administration company which can offer consulting and fund administration, either for funds which are to be set up in Gibraltar, or set up elsewhere to be administered from here."
