Goehring & Rozencwajg has appointed FundRock for distribution and management company (ManCo) services.
The agreement will see FundRock, a European-based third-party Ucits management firm, provide its services to the US firm via its Irish platform for active distribution throughout Europe.
This could enable further natural resource investing through FundRock’s Ucits platform.
The agreement follows a trend in both non-European Union-based managers and boards of Irish self-managed funds partnering with established institutional third-party management companies.
Barry O’Brien, head of funds (Ireland) at FundRock, commented: “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 of Goehring & Rozencwajg, said: “The appointment of FundRock for both ManCo and distribution services was a natural decision.
“It 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 attractive returns for our investors.”
FundRock is one of the largest ManCos in Europe, overseeing more than 470 funds with a total of €134 billion in assets under management.
Launched in 2016, Goehring & Rozencwajg is a firm specialising in natural resource investment.
It was €292 million in AUM and is headquartered in New York.
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