Categories: Funds • Other • Prytania in the News • Structured Credit
Prytania Asset Management, is delighted to announce that its AIFMD compliant, fund structure , Eudora Investment Funds plc, has successfully converted into an Irish Collective Asset-management Vehicle (“ICAV”) as at 18 July 2017, under the new name Eudora Investment Funds ICAV (“Eudora”).
Introduced in March 2015, the ICAV is Ireland’s newest investment fund vehicle designed specifically for the funds industry and has become the main structure of choice since its inception.
The ICAV provides a number of key benefits to investors including transparent tax status for US investors, the availability of financial statements prepared at sub-fund level, which has proved popular with fund-of-one investors and the opportunity to dispense with the requirement to hold an annual general meeting.
As at June 2017, Eudora has three existing sub-funds, investing in structured credit assets, with an AUM in excess of USD 690 million.
For any more detail on this matter, please contact us:
Tel: +44(0) 20 7967 1741 (UK)
Tel: +1 (312) 303-0244 (US)