Today Maitland, one of the leading global advisory and fund administrators for listed funds, announced that it has been chosen as the fund administrator for two Guernsey domiciled funds: Tufton Oceanic Assets and CIP Merchant Capital. 

Both firms listed on the London Stock Exchange (LSE) at the end of last year, making them two of three Guernsey domiciled funds to list on the exchange in 2017. 

Maitland supported Tufton Oceanic Assets and CIP Merchant Capital in the lead up to, during and post the IPO, working closely with the placing agents and Gowlings WLG, who were the legal counsel for both funds. Maitland continues to provide both firms with fund administration and company secretarial services.  

Ian Horswell, Senior Business Development Manager at Maitland, said: “Administration of listed funds is a sweet spot of ours. Supporting two of the three Guernsey domiciled firms that listed on the LSE last year has been very exciting for us. After a number of months working closely with the placing agents and legal counsel it was great to get both funds listed just ahead of Christmas. With our Guernsey presence established last summer, we are excited for what 2018 will hold for the business and look forward to a long lasting and successful relationship with both Tufton Oceanic Assets and CIP Merchant Capital.”

Maitland is now the administrator for over 20 LSE listed funds which totals over £4.5bn of assets under administration. These funds are covered from Maitland’s three dedicated service centres in Chelmsford, Edinburgh and Guernsey. 

Tufton Oceanic Assets Limited raised $91m USD when it listed on the specialist funds segment of the London Stock Exchange on 20th December 2017. CIP Merchant Capital raised £55m on the AIM market (part of the LSE) on 22nd December 2017.

These deals follow the acquisition Maitland made in August last year of Guernsey-based fund administrator, R&H Fund Services (Guernsey) Limited.