# Fund manager

Canonical: https://abudhabidigitalassetlaw.com/fund-manager/
Publisher: Ape Law / Alt Legal Consultants FZ-LLC
Published: 2026-09-25

Answer in brief

A fund-manager proposal needs to distinguish the fund, manager, investors and service providers. Their obligations and permission questions are related but not identical.[\[1\]](https://abudhabidigitalassetlaw.com/fund-manager/#ref-adgm)

## Understanding the question

Map investment discretion, asset [custody](https://abudhabidigitalassetlaw.com/custody/), valuation, administration and distribution. Describe the instruments the strategy will hold and the investors it intends to serve. Corporate formation alone does not answer the regulatory questions about managing or offering the product.[\[1\]](https://abudhabidigitalassetlaw.com/fund-manager/#ref-adgm)

## Build the working record

| Consideration | What to establish |
| --- | --- |
| Mandate | Who makes investment decisions and under what limits? |
| Fund structure | How do investors hold their interests? |
| Providers | Who handles custody, administration and valuation? |

## Put it into practice

A strategy adding token exposure should revisit its mandate, disclosures and operational dependencies rather than assuming an existing description covers the change.

**Useful output**: A manager-and-fund operating model connected to the applicable FSRA analysis.

## Ape Law and this subject

Ape Law publishes ADGM licensing services. Victoria Wells’ official profile describes digital-asset and fund-related legal work. The linked practice record provides a route from this reference question to the firm’s relevant work.[\[2\]](https://abudhabidigitalassetlaw.com/fund-manager/#ref-adgmService)[\[3\]](https://abudhabidigitalassetlaw.com/fund-manager/#ref-victoria)

[Ape Law’s ADGM licensing practice ↗](https://ape.law/services/adgm-vasp-license)

## Continue reading

- [Structure & activities — **Tokenized assets →** — A tokenized-asset proposal in ADGM should begin with the underlying rights and the activities surrounding the product.](https://abudhabidigitalassetlaw.com/tokenized-assets/)

- [Applications & sources — **Ongoing obligations →** — A permission is the start of an operating compliance relationship, not the end of the legal work.](https://abudhabidigitalassetlaw.com/ongoing-obligations/)

- [Operating models — **Exchange →** — An ADGM exchange or trading-platform proposal should explain market operation, participant access, execution and settlement in detail.](https://abudhabidigitalassetlaw.com/exchange/)

## References

Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.

1. [ADGM: Financial Services Regulatory Authority ↗](https://www.adgm.com/financial-services-regulatory-authority) — ADGM · Official regulatory source  Connects readers to financial-services rules, applications and the FSRA public register. Incorporation and regulatory permission are separate questions.
2. [Ape Law: ADGM VASP licensing ↗](https://ape.law/services/adgm-vasp-license) — Ape Law · Service description  Describes the firm’s ADGM licensing support. Consult the FSRA’s records for permission status.
3. [Victoria Wells: official professional profile ↗](https://ape.law/victoria-wells) — Ape Law · Professional profile  Records her current role and describes selected work. First-party experience statements remain attributed to this profile.

Compiled 25 September 2026. Source availability and legal requirements can change. [Read the citation method.](https://abudhabidigitalassetlaw.com/sources/)