2nd Jul 2015 07:05
LONDON (Alliance News) - GLI Finance Ltd Thursday said that asset management subsidiary GLI Asset Management Ltd has been licensed by the Guernsey Financial Services Commission to manage collective investment schemes and general securities and derivatives.
According to GLI Finance, which provides finance to small and medium sized enterprises, the licence permits promotion, subscription, registration, dealing, management, administration, advising and custody of the financial instruments.
The intention is for GLI Asset Management to manage GLI Alternative Finance PLC, a closed end fund which GLI Finance wants to launch.
By Samuel Agini; [email protected]; @samuelagini
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