RBC Dexia Investor Services has been selected to provide custody, fund administration and transfer agency services for the Pantera Investment Grade Strategies Fund (Pantera IGS Fund), a Specialised Investment Fund (SIF) in Luxembourg. Pantera IGS Fund is an open-ended Specialized Investment Fund that participates in negotiated, volume-based wholesale purchases of Bank Medium Term Note and Bond issuances for sale at an immediate profit.
RBC Dexias consultative approach to servicing our fund and their ability to advise on regulatory matters, fund registration and distribution will go a long way in helping us fulfil our business objectives, said Mark Porcelli, Chairman – Fund Manager, Pantera Investment Grade Strategies Fund. Their tailor-made service solution and deep experience with Luxembourg-based funds were clear differentiators when it came to choosing a service partner.
Pantera IGS Fund offers a principal protection feature while using a total return strategy of managed buy/sell MTN and Bond transactions for anticipated above market returns. Pantera IGS Fund will be the first public fund listed on the Luxembourg Stock Exchange that focuses solely on new-issue bank MTN and Bond trading programs.
Whether its the day-to-day servicing of the fund, providing advice on distribution or other matters related to the Pantera Investment Grade Strategies Fund, RBC Dexia has the tools they need to succeed, said Laurent Vanderweyen, Managing Director, Luxembourg for RBC Dexia Investor Services. We are confident our size and scale in Luxembourg and high quality service model will provide opportunities for this fund to grow and prosper.