Goehring & Rozencwajg appoints FundRock for management company and distribution
FundRock Management Company, a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), today announces its appointment by natural resources investor Goehring & Rozencwajg to provide Management Company (“ManCo”) and Distribution Services.
Goehring & Rozencwajg is a leading natural resource investment firm, specializing in a contrarian approach to natural resource investing. FundRock will provide Goehring & Rozencwajg with ManCo services via its Irish UCITS Platform, together with active distribution throughout the European Union including Switzerland, delivered via its sister company FundRock Distribution S.A.
FundRock enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo and fund distribution services under one roof, complemented by a wide range of fund administration, middle office, banking, depositary and custody services delivered through parent company Apex Group.
FundRock has a significant Irish presence, employing over 65 people in Ireland. As of December 31, 2021, FundRock is one of the largest ManCos in Europe, overseeing more than 470 funds with a total of €134 billion in assets under management. The FundRock Group has more than 170 employees in six countries including Luxembourg, United Kingdom, Ireland, Netherlands, and France.
This appointment follows a wider trend of non-European Union based managers and the Boards of Irish self-managed funds partnering with established institutional third-party management companies. With significant substance and technology, FundRock can help funds to deliver resource and cost efficiencies and to meet their resourcing requirements in a post-CP86 and Brexit environment.
FundRock was recently named as the top-ranking Third-Party Management Company in Luxembourg by assets according to PwC’s 7th annual Management Company Observatory Barometer and announced the launch of its continued geographic expansion with a new location in the Netherlands.
Barry O’Brien, Head of Funds, Ireland FundRock comments: “Platforms continue to be an efficient and expedient route to market in Europe and when combined with our active distribution capability, this provides a compelling solution for managers wishing to enter the European market. We look forward to working with Goehring & Rozencwajg to enable them to distribute their funds and reach new investors across Europe and the rest of the world, while ensuring the highest standards of governance and regulatory compliance.”
Leigh Goehring & Adam Rozencwajg, Co-Founders, Goehring & Rozencwajg add: “Since our inception, we have wanted to meet the demand for global investors to access our strategy. Given how important natural resources have become, now is the ideal time for such a product. The appointment of FundRock for both ManCo and Distribution services was a natural decision that will enable us to leverage their experienced local team in Ireland combined with their global connectivity and outlook so we can focus on what we do best: deploying our experience and original research to uncover value in commodities and natural resources to deliver attractivereturns for our investors.”
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