We provide ongoing support for your project(s)
We help you with all ongoing tasks required under the law. In addition to the overall setup procedure for investment funds, we continue to serve you with tasks of overall administration, portfolio management, risk management, and distribution. While some of these tasks may be delegated to you, we shall ensure that all tasks are always clearly allocated to responsible parties.
In the area of administration, for example:
Booking and valuation of all the fund’s positions as at each NAV calculation (independently of the depositary)
Periodic calculation of the NAV within the prescribed time limits once all the information required for the calculation(s) is available.
Verification of all fund transactions concerning execution prices, conditions, etc.
Processing of all fund transactions and other events involving securities
Overall book-keeping for the fund (and separately for the investment companies accounts, if any)
Production of settlements for issue commissions, management fees, and performance fees (usually once per quarter)
Drafting and publication of the annual and semi-annual reports and of all other reports as required by law
Monitoring of investment restrictions and performance of regulatory risk management
Provision of information to data suppliers, investment fund platforms, and the press where required
Contacts with all Liechtenstein authorities as and when required.
In the area of portfolio management, for example:
Investment of the fund’s assets in line with the constitutive documents of the fund
Continuous documentation and monitoring of the fund’s assets
Acting as an interface with external (delegated) portfolio managers
In the area of risk management, for example:
Analysis of funding risk, liquidity risk
Quantitative and qualitative regulatory risk reports
Acting as an interface with external risk managers
In the area of distribution, for example:
Co-operation agreements with third parties
Appointment of representatives and paying agents in e.g. Switzerland
Acting as an interface with external distribution partners
In the area of further operational services (optional), for example:
Individual portfolio management
Auditing
Accounting
Trust services
Family foundations
If you are interested in any such additional services, please contact us in person. We may be offering such complimentary services through our shareholders.
Services provided independently by the chosen depositary bank:
As prescribed by law, the depositary function may only be performed by a bank domiciled in Liechtenstein. The right to employ sub-depositaries or work with prime brokers is reserved.
Usually, the core services of the depositary are:
Subscription and redemption of fund units
Safekeeping (custody) of the unit certificates and the fund’s assets
Keeping the unit register
Carrying out due diligence
Monitoring the fund’s investment guidelines
Execution and regulatory control of all the fund’s payment transactions
Purchase and sale of all target investments (execution)
Execution and monitoring of all settlements (corporate actions)
Verification of the appropriation of profit
Independent computation / plausibility-testing of the net asset value (NAV)
Plausibility-testing of investors (in line with statutory requirements)
Examination of initial constitutive documents of the fund
Services provided by the external certified auditor:
Examination of the initial constitutive documents of the fund
Ongoing audit of the fund and any associated publications
Best-practice recommendations
Potential partners include BDO / PWC / E&Y / Grant Thornton AG and others.
Liechtenstein FMA:
Authorisation and/or approval of the investment funds
Continuous supervision of the fund management companies, the depositaries, the appointed certified auditors, and the investment funds managed
Services provided by any (additional) external service providers:
Tax consultancy
Independent expert opinions, e.g., when valuing private equity or real estate
Establishment of (holding) companies, e.g., with a view to more efficient management of equity interests and/or better cash flow management within the fund structure
Assumption of governing officer functions (e.g., in holding companies)
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