With Alex Di Santo, Paul Spendiff, and Andrea Lennon.
The choice of fund domicile is increasingly important for emerging managers, so what considerations set you up for success?
In this insightful episode of the Emergent Podcast, Alex Di Santo leads a deep dive into the critical world of fund domicile selection with Andrea Lennon and Paul Spendiff.
Explore how long-term flexibility and distribution strategy play into decision-making, and the rationale for picking some of the leading domiciles is sometimes more to do with awareness and marketing…
This episode covers:
- How to be strategic in domicile selection, balancing cost, regulatory environment, investor preferences, and long-term growth potential
- Taking a distribution-first approach, with fund domicile selection following as a supporting decision
- The evolving regulatory landscape, with continuous innovation in Europe
- The importance of choosing high-quality, technologically advanced service providers who can support a fund's growth
- Long-term perspectives on flexible domiciles that support future strategies
Episode highlights
1'30"
Paul Spendiff
“Jersey & the UK might be considered lower cost domiciles vs Ireland or Luxembourg, but that depends on the structure of your fund - it’s not always apples for apples.”
4'00"
Alex Di Santo
“Cost is definitely important, but for the larger managers it’s less important, which is why I think we tend to see some of those large managers go to Luxembourg.”
19'15"
Paul Spendiff
“I don't think there's a wrong choice. I think those things if there's only a wrong choice in hindsight. In reality it's difficult, because if you speak to 12 investors, you might get 12 different answers about what type of structure, type of location, length of length of period they want the fund to last.”
17'00"
Andrea Lennon
“That will be something to think about: if you look into the future and go, ‘This particular domicile has longevity for me as a manager, because I can broaden what I'm going to offer’.”
33'30"
Paul Spendiff
“Most managers build it like Field of Dreams: ‘build it, and they'll come’. The reality is, you need to work out what I want you to build first, and then go away and think about how you're going to do that.”
33'40"
Andrea Lennon
“If it sounds too good to be true, it probably is… We talked a lot about cost, and the cost is the cost - you pay for quality.”
