German football investor appoints Luxembourg providers

Quattrex Sports, an alternative investment firm that invests in German football clubs, has appointed a range of Luxembourg service providers including European Fund Administration (EFA). The Quattrex SCA fund, which is domiciled in Luxembourg and structured as a Sicav-Fis, is the first of a series of sub-funds from the Stuttgart-based firm that will invest in professional German and other European football clubs. EFA provides administration and transfer agency to the fund, EY Luxembourg has been appointed as independent auditor, Fuchs Asset Management is the third-party fund management company, and Sedlo Law Firm Luxembourg provides legal services. The fund is the first of a series of sub-funds and provides mezzanine financing to professional football clubs primarily within the first three levels of the ‘Bundesliga’. The aim is to increase the clubs’ financial capabilities and competitiveness, which in turn should lead to higher revenues from media agreements, sponsoring and merchandising. Quattrex aims to deliver two types of returns for investors: a fixed return of 6% to 7%; and a variable return linked with club performance and media revenues. Using this business model, Quattrex has achieved a two-digit interest payment per annum since 2005, according to EFA. Tobias Schlauch, managing director and co-founder of Quattrex-Sports AG, said: “This sophisticated structure, in combination with a dynamic growing soccer market enables investors high security standards and sustainable return on investment.” Thomas Seale, chief executive of EFA, said the mandate win showed EFA’s strong positioning as an independent third-party administrator and that it could help fund firms bring innovative products to market. EFA has €119 billion of assets under administration. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.