April 29, 2024 – Limassol, Cyprus – Blackbeard Asset Management Ltd (“Blackbeard”) is pleased to announce that it has received an Alternative Investment Fund Manager (AIFM) authorization from the Cyprus Securities and Exchange Commission (the “CySEC”), under license number AIFM62/56/2013 dd. 29/04/2024.

This regulatory approval is a significant milestone in Blackbeard’s development as an emerging institutional asset manager and affirms its commitment to meeting the highest global standards in governance, risk management, and investor protection.

“We built Blackbeard with the long-term vision of creating a best-in-class platform for overlooked pockets of the global fixed income market which are able to offer an attractive and often asymmetric risk-reward profile,” said Ruslan Patlavsky, Founder and Chief Investment Officer of Blackbeard. “Receiving our AIFM license solidifies our ability to deliver these strategies with the transparency and rigor required by institutional partners and to continue decades of successful event-driven investments in global fixed income.”

The AIFM license enables Blackbeard to establish an institutional-grade fund infrastructure to support its future development and manage alternative investment funds and provide investment management services to professional investors across the EU under the AIFMD passporting regime.

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