Dr. Iyad Farah has announced today that Per4m Asset management (PAM) LLP, has been informed by Amber Fund Sicav that the latter has received all the necessary approvals from the CSSF under the terms of the UCITS V European Union Investment Directive, including the so-called “European Passport” for distribution among the states of the European Union. Dr. Farah has further commented that “PAM is now in the position to roll out one of its major strategic objectives, namely the management of a European licensed institutional collective investment scheme.