Private Label Funds: Setting up your own investment fund

Private Label Funds Setting up your own investment fund Private label funds – How to set up your own fund What can we offer you? As a recognized specialist for private label funds, LGT Capital Management Ltd. offers you the legal and administrative framework for your investment fund. To use the analogy of a picture: LGT provides you with the frame and the canvas (the implementation of the legal provisions) and the various colours in the different tones (the possible investment instruments, which LGT employs). The artist, i.e. you, makes the final selection of the colours, their mixture, and the type of paintbrush. What is private labelling? A private label fund is an investment fund designed according to your wishes. We set up a fund on your behalf under Liechtenstein law, which bears your name, i.e. your label. Depending on your wishes and the structure of the fund, we can offer you various related services. What services does LGT offer as your private label partner? You can take advantage of the following services offered by LGT (some are only available in combina-tion with another service): Fund management Custodian bank Fund administration Asset management We will be pleased to explain the various combination possibilities to you in a personal discussion. In particu-lar, we will outline the advantages of having your own investment fund. Please contact us to arrange a personal meeting. Why set up your own fund? Advantages for you as an asset manager Your own product Your own brand Individual investment policy Legal structure In coordination with us you can set up your fund, depending on your investment and distribution wish-es, in accordance with Liechtenstein investment fund law in one of the following legal categories: Your own fee structure Regular review of investment policy Government supervision Uniform reporting Advantages for you as a wealthy family The fund structure permits the family assets to be separated. Individual design of the sub-funds, the same as mandates Several sub-funds can be combined to form one With EU passport simplified distribution licensing procedure EU/EEA UCITS fund (Investment undertaking for transferable securities) Without EU passport (private placement) Investment undertaking for other values (poss. with increased risk) Investment undertaking for qualified investors* overall solution Reduction of management and administration costs Simplified administration Advantages for you as a private person Provided the minimum requirements are fulfilled, it is possible to set up your own investment fund: an “investment undertaking for qualified investors”, managed by LGT or another external asset manager. There are very few regulatory conditions. * Investments are tied to special conditions (including solely for qualified investors, in some cases minimum investment of CHF 250000) We will be pleased to support you in selecting the most suitable legal structure for you. Possibilities for you to participate in your own fund You can participate in the development of your own fund as an asset manager or an investment advisor (with LGT as the asset manager) Of course you also have the possibility of delegating all the tasks in relation to your fund to us. Attractive Liechtenstein investment fund centre The Liechtenstein investment fund centre offers you the following advantages: EU-compatible law because of Liechtenstein’s membership of the EEA Fund assets are exempt from taxation in Liechtenstein. Setting up costs can be written off and charged to the fund. Contractual (collective trusteeship) or corporate (investment company AGmvK = SICAV) legal form of the fund Shortened setting up procedure for an investment undertaking for qualified investors Legally stipulated licensing period (time planning) Simplified distribution licensing of UCITS III funds in Europe Steps to set up your own fund After clarifying the basic questions with you, the following steps have to be taken to set up a private label fund: Filling in of a questionnaire Internal feasibility analysis Detailed offer submitted to you Preparation of the relevant written agreements Drafting of a prospectus Application to FMA* Receipt of license Technical implementation Subscription period Launching * Liechtenstein Financial Market Supervisory Authority How long does it take to set up your own fund? The duration of the setting up period depends on the legal form of the fund you select. For example, by law the Liechtenstein Financial Market Authority has up to four months to license an investment undertaking for other assets (possibly with increased risk), but in contrast a maximum of six weeks for the approval of an investment undertaking for transferable securities (UCITS). Different periods are required to launch your fund depending on the legal form and design of the fund you desire: Investment undertaking for transferable securities (UCITS) Investment undertaking for other values (poss.with increased risk) Investment undertaking for qualified investors Project work LGT Checking of prospectus FMA (max. processing time by law) Technical implementation Total time required approx. 3–4 weeks approx. 2 weeks max. 6 weeks approx. 3 weeks approx. 12–16 weeks approx. 3–4 weeks approx. 2 weeks max. 16 weeks approx. 3 weeks approx. 24 weeks approx. 3–4 weeks approx. 2 weeks approx. 1 week* approx. 3 weeks approx. 9–10 weeks * No license required, FMA confirmation of receipt approx. one week We are here for you If you have any questions, please contact your personal advisor. You can also make inquiries directly to the following e-mail address: lgt.cmplf@lgt.com Risk information/Legal disclaimer This publication is for your information only and is not intended as an offer, solicitation of an offer, public advertisement or recommendation to buy or sell any investment or other specific product. Its content has been prepared by our staff and is based on sources of information we consider to be reliable. However, we cannot provide any undertaking or guarantee as to it being correct, complete and up to date. The circumstances and principles to which the information contained in this publication relates may change at any time. Once published, therefore, information shall not be understood as implying that no change has taken place since its publi-cation or that it is still up to date. The information in this publication does not constitute an aid for decision-making in relation to financial, legal, tax or other consulting matters, nor should any investment or other decisions be made on the basis of this information alone. It is recommended that advice be obtained from a qualified expert. Investors should be aware that the value of investments can fall as well as rise. We disclaim without quali-fication all liability for any loss or damage of any kind, whether direct, indirect or consequential, which may be incurred through the use of this publication. This publication is not intended for persons subject to legisla-tion that prohibits its distribution or makes its distribution contingent upon an approval. Any person coming into possession of this publication shall therefore be obliged to find out about any restrictions that may apply and to comply with them.The securities and rights mentioned in this document may not be purchased or held by investors or for investors domiciled in the USA and/or with US citizenship, nor may such securities and rights be transferred to them. ... - tailieumienphi.vn