Manager of Managed Entities

Fairway Group are a specialist in the provision of Manager of Managed Entity (MoME) services having acted in this capacity to a number of trust, fund and investment management businesses since 2000.

Key facts

100%

owner managed

3

incubated managed fund businesses

3

current MoME relationships

8

MoME relationships over 15 years

We provide incubator-style support through to full standalone capabilities and have previously looked after two global fund administration businesses, each with in excess of $20 billion under management globally.  

Currently we provide these services to a wide range of regulated managed entities including fund administrators, investment managers, advisors and distributors. Due to our strong track record and market leading service, we are able to support clients through the efficient and professional establishment of their business in Jersey. We have a positive relationship with the regulator and provide a full governance and risk framework to enable authorisation.

Fairway prides itself in providing a personal, proactive professional service to all our clients. We endeavour to support managed businesses in their continued growth and expansion, whilst providing the regulatory framework required for success.

Services are tailored to each of our managed entity client's requirements and may include the following:

Regulatory

  • Provision of directors
  • Provision of Money Laundering Reporting Officer (MLRO)
  • Provision of Money Laundering Compliance Officer (MLCO), Compliance Officer (CO) and supporting functions
  • Design and preparation of all risk and compliance-related reporting and testing programmes
  • Drafting bespoke procedures manuals
  • Drafting outsourcing agreements, as required
  • Provision of local anti-money laundering training
  • Provision of regulatory and legislative updates
  • Monitoring of continuing professional development, as required
  • Assistance with drafting business plans in respect of regulatory applications
  • Liaison with regulatory bodies to ensure compliance with applicable laws and regulatory requirements

Accounting and reporting

  • Provision of bookkeeping and accounting services
  • Provision of financial statements to UK GAAP, IFRS or US GAAP standards
  • Completion of ANLA calculations
  • Audit calculations

Administration and secretarial

  • Provision of directors 
  • Provision of full, or tailored administration services
  • Registered office and company secretarial services to managed entity
  • Fund vehicle administration support
  • Establishment of managed entity, fund and any associated vehicles
  • Establishment and operation of bank accounts
  • Preparation of board packs, convening and attending board meetings
  • Preparation of minutes and action lists
  • Independent non-executive directors
  • Assistance in obtaining PI and D&O insurance
  • Timely submission of applicable tax / statutory returns

Office support

  • Provision of designated office space
  • Dedicated telephone / fax lines / teleconference and greeting facilities
  • Safekeeping services
  • Provision of meeting room facilities
  • Provision of staffing resources
  • Assistance with HR obligations
  • Assistance with payroll process
  • Business continuity plan drafting and on-going monitoring

IT support

  • IT support and consultancy
  • Installation assistance/support
  • Virtual office space
  • Web portal
  • Cloud / Servers / Email
  • Backup support
  • Business Continuity Planning (BCP)

Fairway Fund Trustee Services Limited and Fairway Fund Services Limited are regulated by the Jersey Financial Services Commission ("JFSC").