About Us

TM Funds SICAV plc

The Company is an open-ended collective investment scheme organised as a multi-fund limited liability company with variable share capital registered under the laws of Malta and licensed by the Malta Financial Services Authority in terms of the Investment Services Act (Chapter 370 of the Laws of Malta).

The Company qualifies as a “Maltese UCITS” in terms of the Undertakings for Collective Investment in Transferable Securities and Management Companies Regulations 2004 (as amended).

The two equity sub-funds are the following:

TM Global Equity Fund (merged into Garraway Global Equity Fund on 10th November 2017)
TM Innovation Fund

TM Funds SICAV plc is registered/authorised for sale in the UK by the UK Financial Conduct Authority:


Investment Managers

Gamma Capital Markets Ltd

Gamma Capital Markets Ltd is the appointed investment managers of TM Funds SICAV plc. Gamma is an independent Investment Management Company established by Enzo Filippini in 2011. Gamma was successfully issued with a licence category2 – no. C51103 – as established by the Investments Services Act (ISA), Chapter 370 of the laws of Malta, and is fully authorised and regulated by Malta Financial Services Authority (MFSA).


Depositary / Custodian Bank

Bank of Valletta P.L.C. (“BOV”)

BOV is the appointed Custodian Bank of TM Funds SICAV PLC. All shareholder monies invested in the Fund Company are segregated from BOV’s balance sheet for the shareholders’ own enhanced protection.

In the EU wide stress test 2011 BOV ranked 14th out of 91 European banks which were tested, scoring well above the minimum benchmark set by the European Banking Authority.

BOV was formed in 1974 following an agreement between the Government of Malta and the Malta Development Corporation. BOV took over the assets and liabilities of the National Bank of Malta Ltd that formed part of a group the origins of which date back to 1809. In 1992, BOV became the first public company to be listed on the Malta Stock Exchange.

The Bank’s financial services are offered through a network of 45 branches and agencies in Malta and Gozo, and through a number of subsidiaries. It has also developed a worldwide network of correspondent banks and has opened representative offices in Australia, Canada, Italy, and Libya. Through these networks, the Bank has built the necessary backbone to service its customers in international banking and trade transactions.

Fund Administrator

Amicorp Services Ltd