Earnest Partners is launching an offshore vehicle to meet demand from overseas investors.
The UCITS will offer European, Asian, and other non-US investors the ability to access a suite of Earnest Partners’ equity strategies.
The firm has been managing equities since 1999.
The UCITS is domiciled in Ireland, where the Central Bank of Ireland is the regulatory authority with responsibility for authorising and supervising the UCITS.
Paul Viera, the founder and CEO of the firm, says: “We seek to offer vehicles to clients that provide regulatory oversight as well as economies of scale. The UCITS structure is seen by investors as possessing important investor protection, regulatory, and disclosure characteristics. As a global firm with investments around the world, I am pleased to expand access to those opportunities.”
State Street Fund Services (Ireland) Limited is the administrator and State Street Custodial Services (Ireland) Limited is the custodian.