Self‐Managed Schemes

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The Investment Manager is the person responsible for the discretionary investment management of the assets of the Fund. This includes; establishing or reviewing investment policy; rules for stock selection; portfolio construction; investment techniques and instruments; as well as negotiation and implementation of the acquisition and disposal of the investments.

This management function includes certain risk management activity, which depends on whether the fund is a UCITS and the AIFMD regime.


Funds (such as UCITS, retail non‐UCITS, PIFs or AIFs) which do not appoint an external japan mobile database Investment Manager, are called self‐managed schemes. This self-managed option is only available where funds are bodies corporate (whose structure allows the full assumption of the management function by the administration).

Self‐managed funds must comply with specific provisions applicable to them under MFSA rules (in the form of supplementary licence conditions), including rules on the initial capital requirements of self‐managed schemes.

Fund Administrator
The Fund Administrator is the person appointed by the Scheme or its Manager, responsible for the provision of administration services to the Fund. Fund administration services typically include the following.