Fund managers Mainfirst, Ethenea merge distribution
Fund management firms Mainfirst Asset Management and Ethenea Independent Investors are merging their distribution services.
The move will create a newly formed company, Fenthum, based in Luxembourg.
All three companies – Mainfirst, Ethenea and Fenthum – are majority-owned by Swiss firm Haron Holding, controlled by Luca Pesarini.
In a statement, Mainfirst said Fenthum would take over the distribution support activities for both fund managers with immediate effect.
The company said the decision would also provide a wider selection of funds for customers.
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