Fund management and administration
Ongoing fund management and administration
In the area of administration, e.g.:
Periodic calculation of the NAV within the prescribed time limits once all the prices required for the calculation are available
Verification of all fund transactions with regard to execution prices, conditions, etc.
Processing of all fund transactions and other events involving securities
Independently of the depositary, booking and valuation of all the fund’s positions as at each NAV calculation
Book-keeping for the fund
Production of settlements for issue commissions, management fees and performance fees (usually once per quarter)
Drafting and publication of the annual and half-yearly reports and of all other reports required by law
Monitoring of investment restrictions and performance of risk management
Provision of information to data suppliers, investment fund platforms and the press
Contacts with all Liechtenstein authorities as and when required
In the area of portfolio management, e.g.:
Investment of the assets brought into the fund
Continuous documentation and monitoring of the fund’s assets
Acting as an interface with external asset managers
In the area of risk management, e.g.:
Analysis of funding risk, liquidity risk
Quantitative and qualitative risk reports
Acting as an interface with external risk managers
In the area of distribution, e.g.:
Co-operation agreements with third parties
Appointment of representatives and paying agents
Acting as an interface with external distribution partners
Operational services (optional)
If you are interested in additional services and/or our current lists, please contact us in person.
Services provided independently by the depositary
The depositary function as prescribed by law may only be performed by a bank domiciled in Liechtenstein. The right to employ sub-custodians or work with prime brokers (AIFMA) is reserved.
Normally, 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 prospectuses / constituent documents
Services provided by the external certified auditor
Advice and support during the fund set-up and examination of the statutory prospectuses
Ongoing audit of the fund and of any associated publications
Client care and support, e.g. potentially through PWC / Ernst & Young / ReviTrust Grant Thornton AG or various others
Services provided by the Liechtenstein FMA
Authorisation and/or approval of the fund
Continuous supervision of the fund management company, the depositaries, the appointed certified auditor and the 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)