GMM FUND MANAGEMENT APPROVED BY CYSEC AS THE NEW FUND MANAGER FOR THE EVOLVE SHIPPING
On January 18th, 2021, it was announced that the Evolve Shipping was registered with CySEC under Registration no. RAIF62_1.
This fund is open to well-informed and professional investors, follows a Shipping Industry oriented strategy and is placed under a RAIF umbrella. The main objective of the Company is to provide Investors with an opportunity for investment in professionally managed Compartments aiming to provide Investors attractive returns from the capital invested.
The Company will seek to achieve its objective, in accordance with the policies and guidelines set by the External Manager. Specifically, the External Manager’s main objective is to identify attractive investment opportunities and to execute the appropriate investment strategy for each Compartment’s Portfolio.
The fund’s Depositary is Eurobank Cyprus, its Administrator is PriceWaterhouseCoopers Fund Services Ltd, the Fund’s Legal Consultant is LLPO Law Firm Ltd and its Auditor is PriceWaterhouseCoopers Limited.