Malta-Based Valletta Fund Management Aims Further Afield

by Carla Johnson, Investors Offshore.com

10 July 2001

Malta-based Valletta Fund Management (VFM) has announced that it wants to extend its services by targeting investors from around the Mediterranean region, to provide more comprehensive administration services and to expand upon the distribution network of its funds. Kenneth Farrugia, the assistant general manager of Valletta Fund Management told The Malta Business Weekly: 'We have to develop our distribution strategies now. We have built solid foundations by focusing on the domestic market. We now offer a range of funds which are global, regional and local and these include bonds and equities.'

According to Mr Farrugia, VFM is Malta's largest fund manager and the company aims to grow further afield by expanding its operations internationally. 'Our strategy is to increase the spread of our funds in Malta and to structure new innovative funds that meet the needs of international investors. We can also offer administration services from Malta to third parties,' he said.

Already VFM manages the Funds of the Global Funds SICAV plc and organises the newly established Gasan Funds. The company is also negotiating the final touches on an agreement to provide administration services to a Swiss financial services organisation. Mr Farrugia explained: 'It is Valletta Fund Management's intention to increase its efforts in exporting its services in this field. However, it was very important for the company to develop solid domestic foundations before embarking on our expansion abroad.'

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