With the rise of separately managed accounts (SMAs) in the US, the fintech firm is offering the offshore buyside an opportunity to become issuers with a similar pitch - actively managed certificates (AMCs).
Luma Financial Technologies (Luma) is engaging in active discussions with its institutional and private bank clients serving Latin American investors to adopt AMCs, a segment that the Cincinnati-based tech platform expects to see US$5 billion in annualised issuance over the next five years. The move underlies the first phase of Luma’s recently announced partnership with GenTwo , a fintech provider specialising in white-labelled AMC platforms based in Switzerland where AMCs originate