Fund Services

Depositary, portfolio and risk management services for various Alternative Investment Fund (AIF) structures

We act as depositary for various AIF structures, and provide portfolio and risk management to these Funds under delegation from their authorised AIFM, subject to CySEC authorisation. We never act in both roles for the same Fund. All our services are supervised by CySEC (Licence No. 011/03).

Services that fit your Fund

Whether you are launching a new Fund or reviewing your current providers, you can appoint us as your Fund’s depositary or as its portfolio and risk manager, under delegation from your AIFM. Every service is supervised by CySEC and delivered in line with the Fund’s Prospectus and offering documents.

Our Fund Services

Looking for a depositary?

We act as depositary for various AIF structures, independently of the Fund’s manager.

Need portfolio or risk management?

We provide both under delegation, whether your Fund has an external AIFM or is internally managed.

Provision of banking services

As part of our depositary service, your Fund can use our client bank accounts, held with regulated credit institutions and segregated from our own money. These can be used for the Fund’s ongoing cash requirements.

01

Depositary

We provide independent oversight and safeguarding services designed to protect the interests of the Fund and its investors.

Our key responsibilities include:

  • Safekeeping of assets, including custody and verification of ownership, as applicable.
  • Cash flow monitoring, including oversight of the Fund’s cash accounts and movements.
  • Oversight of subscriptions and redemptions, including related cash flows.
  • Monitoring the valuation process and calculation of the Fund’s Net Asset Value (NAV).
  • Oversight of distributions to investors.
  • Monitoring the timely settlement of transactions involving the Fund’s assets.
  • Verification of ownership and record-keeping for assets that cannot be held in custody.
  • Independent oversight of the Fund’s operations in accordance with applicable legal and regulatory requirements.
02

Portfolio Management

Your Fund’s investment strategy, carried out within its stated policy.

Acting under delegation, whether the Fund has an external AIFM or is internally managed

Our key responsibilities include:

  • Implementing the Fund’s investment strategy and asset allocation in line with its investment policy, objectives and restrictions.
  • Identifying, researching and assessing investment opportunities, engaging specialist advisers where required.
  • Making and executing investment and divestment decisions within the delegated mandate.
  • Monitoring portfolio performance and compliance with investment limits, and rebalancing the portfolio where appropriate.
  • Reporting regularly to the AIFM and the Fund’s Board on portfolio performance and investment activities.
03

Risk Management

Limits, monitoring and reporting that keep your Fund on track.

Acting under delegation, whether the Fund has an external AIFM or is internally managed

Our key responsibilities include:

  • Risk framework & assessment – Developing risk policies, limits and procedures and assessing proposed investments.
  • Risk monitoring & reporting – Identifying, monitoring and reporting the Fund’s key risks to the AIFM and the Fund’s Board.
  • Stress testing & scenario analysis – Assessing the Fund’s resilience under different market conditions.
  • Independent risk oversight – Maintaining appropriate independence from portfolio management.

Why Funds choose Mega Equity

Our strengths

Established since 1999

Over two decades in Cyprus markets, with deep knowledge of the local fund regime.

Direct custody, not through intermediaries

As a direct participant in the Cyprus and Greek central securities depositories, we hold local securities without an extra link in the chain. Other markets are covered by regulated sub-custodians, reviewed every year.

Trusted by Cyprus Funds

Over €2 billion in assets under custody. Depositary to a growing number of Cyprus AIF structures, working alongside a wide range of external managers and administrators.

Experienced across asset classes

From listed equities to private equity, real estate and SPV holdings, we verify ownership at source and challenge valuations where needed.

Independence built in

Our depositary team works independently of the Fund’s manager and based on our Conflicts of Interest Policy. Any irregularity is escalated to the AIFM and, where required, to CySEC.

Close regulatory engagement

We keep our procedures aligned with evolving Cyprus and EU fund regulation.

Planning a new Fund or reviewing your providers?

Talk to our Fund Services team about what your Fund needs.

Contact us