SCSS Fund Management Ltd

Registration

HE 329569

Jurisdiction

Cyprus

Registered Address

18 Kyriacou Matsi, Victory Tower, 1st Floor, Nicosia 1082, Cyprus

Status

Active — AIFM license in good standing

Overview

SCSS Fund Management Ltd (HE 329569) is a CySEC-licensed Alternative Investment Fund Manager operating under license AIFM04/56/2013, granted 1 December 2014 [CySEC AIFM register]. The company is headquartered at 18 Kyriacou Matsi, Victory Tower, 1st Floor, Nicosia 1082, Cyprus, and currently manages 13 funds per CySEC records.

SCSS is the organisational nexus connecting the Cyprus governance circle to the Corinth Capital RAIF. It served as the external AIFM managing both the Corinth Capital RAIF (RAIF31, dissolved January 2023) and the Impactus RAIF (RAIF16, still active) [CySEC RAIF register]. The Impactus RAIF was co-founded by Andreas Matsas and Socrates Fekkas — the same two individuals who served as directors of the Corinth Capital RAIF — and operates from the identical Centennial Tower address as the former Corinth RAIF.

The governance relationship between SCSS and the Corinth RAIF raises questions about independence. Socrates Fekkas — who served as Director of Regulatory Affairs on the Corinth RAIF board — was a former SCSS employee [CySEC register; third-party sources]. This means a former employee of the external fund manager sat on the board of a fund that same manager was responsible for overseeing, compromising the arm's-length relationship that the AIFM Directive requires. Konstantinos Michaelides further deepens the overlap, being associated with SCSS, Corinth Fund Management Ltd, and Impactus ESG simultaneously.

No CySEC enforcement actions have been found against SCSS [CySEC enforcement register]. When CySEC revoked the AIFM license of Corinth Fund Management Ltd (AIFM48/56/2013) in October 2022, the enforcement targeted the in-house management company, not the external manager SCSS. SCSS continues to operate and manage active funds, including the Impactus RAIF co-founded by the same Matsas and Fekkas who served on the dissolved Corinth RAIF board. The current SCSS board — Yiannos Christofides (CEO), Yervant Bohdjalian (General Manager), George Christofides, and Marios Vourgos — does not include any of the Corinth RAIF directors [CySEC register]. Whether the SCSS board personnel were aware of or disclosed the Corinth RAIF board overlaps to fund investors remains an open question for regulatory enquiry.

Key Facts

• CySEC AIFM license AIFM04/56/2013, granted 1 December 2014 — in good standing [CySEC AIFM register]
• Registered as HE 329569 in Cyprus [Cyprus Registrar]
• Address: 18 Kyriacou Matsi, Victory Tower, 1st Floor, Nicosia 1082 [CySEC register]
• Manages 13 funds total per CySEC records [CySEC AIFM register]
• Was the external AIFM for both Corinth Capital RAIF (RAIF31, dissolved) AND Impactus RAIF (RAIF16, active) [CySEC register]
• Socrates Fekkas was a former SCSS employee before serving on Corinth RAIF board — governance conflict [third-party sources; CySEC register]
• No CySEC enforcement actions found against SCSS despite Corinth Fund Management revocation [CySEC enforcement register]
• Current directors: Yiannos Christofides (CEO), Yervant Bohdjalian (GM), George Christofides, Marios Vourgos [CySEC register]

Directors & Officers

• Yiannos Christofides — CEO
• Yervant Bohdjalian — General Manager
• George Christofides — Director
• Marios Vourgos — Director

Timeline

• 1 December 2014 — CySEC grants AIFM license (AIFM04/56/2013)
• Circa 2019 — Appointed as external AIFM for Corinth Capital RAIF (RAIF31)
• 3 October 2022 — CySEC revokes Corinth Fund Management license — SCSS was the external manager during this period
• January 2023 — Corinth Capital RAIF dissolved — SCSS continues to operate without enforcement
• February 2026 — SCSS remains active, managing 13 funds including Impactus RAIF

Registry & Source Links

Related Entities

Related Investigations

Other Entities in This Network