An Investment Management Agreement is expected to be finalised by the end of this month between both parties. KKV Investment Management is a subsidiary of Kvika Securities. Launched in 2014, SQN Asset Finance Income Fund is an alternative lending vehicle focused on small and medium enterprises in the country.

Gunnar Sigurðsson, Managing Director of Kvika Securities, told the media, “We’re delighted to reach this milestone and expect to finalise an Investment Management Agreement by the end of May. The appointment of KKV to manage the fund is a significant step forward in Kvika’s UK asset management operation, which is integral to Kvika’s long-term strategy in Britain. The agreement will increase assets under management in the UK sixfold while also quadrupling our headcount. We’re fortunate to be joined by a skilled and experienced team of investment management professionals, led by Dawn and Ariel, which we expect will lay the foundations for significant growth opportunities in the coming years, particularly in the alternative credit and fixed income space, which is at the core of KKV’s offering. We are anticipating a rich seam of interest in alternative credit products in the coming years, due to their ability to provide attractive risk-adjusted returns in the current global environment of depressed yields.”

The subsidiary is authorised and regulated by the Financial Conduct Authority.

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