Praude Asset Management Limited (“PAM”) was established in December 2009 as a limited liability company. In January 2010 the company was granted a Category II Licence by the Malta Financial Services Authority (MFSA), authorizing PAM to provide investment services and to hold and control clients’ money and assets.
PAM qualifies as a 'UCITS Management Company', a De Minimis AIFM and we are currently in the process of extending our licence to become a full scope AIFM. We are also authoised to provide certain ancilliary services under our licence.
In April 2010 PAM took over the portfolio management of Hermes Linder Fund SICAV plc (a UCITS fund licensed by the Malta Financial Services Authority) and in June 2010 PAM began providing advisory services to Axion Swiss Bank S.A, the investment manager of Acelum Value Fund SICAV, which was a collective investment scheme domiciled in Luxembourg. In April 2015 Acelum Value Fund SICAV, a Luxembourg UCITS fund was merged into Hermes Linder Fund SICAV plc.
Since it was first incorporated, PAM has averaged a steady growth on the funds it manages every year.