The primary responsibilities of a management company essentially comprise the entire administration of the funds managed by it. These include, for example, the setup and amendment of funds, the preparation and maintenance of sales prospectuses and management regulations, the conduct of approval procedures for the countries in which it operates as well as the preparation of annual and semi-annual reports. In addition, a management company is responsible for central management and fund accounting, for the transfer agent function, for investment management, for risk management and for sales.
The management company may outsource these tasks to different specialist providers to increase efficiency. The management company acts as a point of contact and coordination for the mandated service providers, for the custodian banks, for auditors and for regulators etc.
FERI Trust (Luxembourg) S.A. works exclusively with experienced, highly specialised service providers, thereby ensuring that private and institutional investors are at all times offered customised investment solutions as well as all major fund types and investment vehicles available and that these are managed professionally.
FERI Trust (Luxembourg) S.A. coordinates the entire fund structuring and setup process. This includes first and foremost the choice of a product structure that is suitable for the particular investment strategy and investor requirements, the selection of the best business partners, the creation of all documents and contracts relevant to fund approval and the handling of the entire approval process.
FERI Trust (Luxembourg) S.A. provides suitable product structures for all major investment strategies, ranging from traditional to alternative investments. The structuring may be either as UCITS (Undertakings for Collective Investment in Transferable Securities), as UCI (Undertakings for Collective Investment) or as AIF (Alternativ Investment Fund) in various legal structures.
Fund types available are those defined by the law of 17th December 2010 as so-called Part I and/or Part II funds or by the law of 13th February 2007 as FIS funds (Fonds d’Investissement Spécialisées): they may be set up either as FCP (Fonds Commun de Placement) or as non-self-managed SICAV (Société d’Investissement à Capital Variable). For all funds, there is the further possibility of a single or an umbrella structure with sub-funds and share classes.
The law of 15th June 2004 also allows for investment vehicles to be set up via the investment company in risk capital (SICAR Société en Capital à Risque d`Investissement) in various legal forms. Here too, there is the possibility for a single or umbrella structure.
In addition, under the license of the law of 12 July 2013 on alternative investment fund managers we are able to set out the full range of alternative investments, either in assets with high liquidity or typical assets like private equity, real estate and/or hedge funds.
Furthermore, it is possible to manage Luxembourgian and/or foreign Alternative Investment Funds (including all duties for trust managers of alternative investment funds by the law of 12th of July 2013, see Annex 1), which can be either established in an individual or umbrella structure.