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Global Funds Management S.A.Beyond investment fund management: With you every step of the way
UCITS Management Company
Alternative Investment Fund Manager
Independent Risk Management Services
Americas
New York
Bermuda
Boston
Chicago
Houston
Los Angeles
Miami
San Francisco
São Paulo
Toronto
Washington, D.C.
Europe
Luxembourg
London
Amsterdam
Frankfurt
Helsinki
Istanbul
Madrid
Milan
Paris
Stockholm
Vienna
Warsaw
Zurich
Middle East, Africa
Cape Town
Doha
Dubai
Manama
Riyadh
Asia Pacific
Tokyo
Hong Kong
Bangkok
Beijing
Hanoi
Jakarta
Kuala Lumpur
Manila
Melbourne
Mumbai
Nagoya
Osaka
Seoul
Shanghai
Singapore
Sydney
Taipei
Our Luxembourg footprint, an entry to your European strategy
01
Luxembourg
Germany
Belgium
France
Luxembourg City
Welcome to Luxembourg! 02
Luxembourg is Europe’s largest investment fund centre by assets under management and the world’s leading hub for global fund distribution.
Nomura opened their offices in Luxembourg in 1990, and since then focussed on assisting asset managers with the set-up and structuring of UCITS and Alternative Investment funds.
For some 20 years, we have been offering the asset management industry bespoke investment and risk management regulatory solutions. We are part of Nomura Holdings, Inc., an Asia-headquartered financial services group with a global network spanning over 30 countries around the world.
Fund Universe
Fixed Income
Market Neutral
Multi-Strategy
Currency Overlay
Structured Notes / SWAP
…
Equity
Hedge Funds
Fund of Hedge Funds
Money Market
Investment Strategiesand Asset Classes
Asset-Class
Series
Luxembourg & CaymanIslands domiciled Funds
Umbrella
Stand-Alone
FundStructures
Emerging Markets
Global
Asia and Pacific
Europe
Americas
InvestingGlobally
If originally GFM was mainly servicing in-house funds, we are now also offering premium and multilingual services to third-party asset managers interested in setting up investment funds in Luxembourg.
According to different operating models, plug and play solutions have been developed which enable GFM to work with Nomura entities or any external services providers of your choice.
Global Funds Management (GFM) is acting as a Super ManCo licensed both as UCITS Management Company and Alternative Investment Fund Manager. Together, we manage EUR10bn* worth of assets. With experience working across dedicated investment vehicles, asset classes and strategies, we act as a hub of expertise and offer a wide variety of fund services beyond traditional fund administration.
Getting to know us03
Key Facts
Date of Incorporation 8 July 1991
Regulatory LicensesManagement Company, under Chapter 15 of the Luxembourg Law of December 2010
Alternative Investment Fund Manager, under Chapter 2 of the Luxembourg Law of July 2013
ShareholderUltimate shareholder is Nomura Holdings Inc., listed on Tokyo, Nagoya, New York and Singapore Stock Exchanges
We are committed to our clients through the delivery of superior investment solutions and risk management services, in line with regulatory requirements and leading market practices.
* As of Jan 2018
A closer look at our services 04
1 Assistance with the registration in distribution countries2 Calculated with the support of MSCI, using its RiskMetrics® RiskManager tool. More details are available on msci.com
Additionally, as an UCITS Management Company (ManCo) and AIFM, we offer:
Investment risk management reports2
Market risk exposures (leverage, VaR, stress tests)
Credit and counterparty exposures
Liquidity risk exposures
MIS reports and due diligence/monitoring of Delegates activity
Portfolio manager
Fund administrator
Transfer agent
Custodian
Facing a myriad of operational, distribution, legal, and tax considerations, we know it’s no easy task to set up an investment vehicle. Our strengths lie in supporting portfolio managers and fund promoters in the following areas:
The structuring and setting up of investment funds Key Facts
Distribution and marketing1
Risk management
Domiciliation services
Service provider selection and oversight
Regulatory and MIS reporting
Access to leading service providers (eg, legal counsel and auditors)
Portfolio Manager
Depositary Bank
Auditor Legal AdviserDistributor
Fund AdministratorManagement
Company / AIFM
UCITS/AIF
NomuraLuxembourg
Your operating model with us05
Three options are available for funds set-up with GFM (see overview in the chart):
1 : One-stop-shop solution, with all major services provided by Nomura entities (GFM and Nomura Bank (Luxembourg))
Nomura entity
External service provider (not belonging to Nomura group)
Portfolio Manager
Depositary Bank
Auditor Legal AdviserDistributor
Fund AdministratorManagement
Company / AIFM
UCITS/AIF
Portfolio Manager
Depositary Bank
Auditor Legal AdviserDistributor
Fund AdministratorManagement
Company / AIFM
UCITS/AIF
06
2 : Hybrid solution, whereby GFM and Nomura Bank (Luxembourg) respectively providing Management Company and Depositary Bank services would interact with an independent fund administrator
3 : Stand-alone solution, whereby GFM could operate with individual service providers which may be proposed by the Fund sponsor or suggested by GFM upon Requests for Proposals
Nomura entity
External service provider (not belonging to Nomura group)
Nomura entity
External service provider (not belonging to Nomura group)
PortfolioManagers
Board ofDirectors
FundAdministrators
Distributors
Depositary /Custodians
Legal Advisors Auditors
Management Committee / Conducting Officers
Global Funds Management
Risk ManagementOversight of Delegates
Valuation of Assets
Conflicts of Interests / Complaints Management
Compliance / Internal Audit
GFM is deliberately organized to provide the most efficient and robust service.
It is organized as a “société anonyme” and comprised of a Board of Directors, Conducting Officers and staff.
The Board of Directors defines the strategy and approves the main decisions relating to the operating model, risk management and remuneration of the company and its employees. In turn, a Management Committee, comprised of Conducting Officers, manages the day-to-day activities of GFM.
Structured to serve you07
Relationships with supervisory authorities
Remedial measures
Supervision of the delegates and depositories
Supervision of the risk management process
Monitor compliance with investment restrictions and policies
Effective management of GFM and funds
Conducting Officers
As a GFM client, you will be looked after by a team of experienced Conducting Officers selected specifically for their relevant experience and expertise.
Conducting Officers have oversight of all delegated activities, carefully monitoring KPIs and frequently communicating with appointed delegates around the world.
Rest assured: your dedicated team 08
Initial and annual due diligence checks
Reporting based monitoring (including daily, monthly and quarterly KPIs)
Periodic Request for Information (RFI - aiming at benchmarking delegates cost/scope of services) when required
On-site visits
Distinctive monitoring approach by client type
Portfolio Managers
Fund Administrators
Distributors
Fund Promoters/Distributors
As fund promoters or distributors, you may wish to have a full detailed view over the asset management value chain: from portfolio management, to NAV calculation and distribution. These views will be provided to you through our dedicated delegates reporting monitoring.
Portfolio Managers
In order for you to stay focused on trading and portfolio management activities, we provide portfolio managers with structuring advice, product updates in line with regulatory developments and Management Information System (MIS) reporting on the fund day-to-day activities (fund administration, distribution activity). GFM may also provide risk management reports and analysis.
How we work with you09
On-boarding
Transfer Agency
Fund Performance
Marketing
NAV Calculation
Investment Decisions
Transactions
Assets Valuation
Business Relationships and Organisation
Reporting Oversight
Conducting Officer& Risk Manager
GFM Own Risks(operational risks)
Product Risks(investment risks)
Risk Management Function
Market Risk
Credit Risk
Counterparty Risk
Liquidity Risk
Leverage
Reputational RiskBusiness Risk
Country Risk
Delegation RiskLegal RiskRegulatory Risk
Tax Risk
Concentration RiskModel Risk
Valuation Risk
Strategic Financial Compliance Operations Products / Portfolios
KPI, KRIDue-Diligence / On-site VisitsISAE & Control ReportsRisk Control Self Assessment (RCSA)
We not only constantly monitor but actively mitigate a variety of both investment and operational risks – so you don’t have to.
Keeping an eye on things 10
We work with MSCI, a leading provider of research-based indices and analytics. Its RiskMetrics® Risk Manager tool provides us with daily risk and performance reporting on our individual funds. These reports are consolidated into an easy-to-view dashboard so we can see what our risk exposures are across funds; what limits needs to be validated and a history of all investment risk exposures for statistical analysis.
Contacts
Global Funds Management S.A.
Building A – 33, rue de Gasperich, L-5826 Hesperange P.O. Box 289 – L-2012 Luxembourg Grand Duchy of Luxembourg
Tel: +(352) 28 37 25-1 Fax: +(352) 273 664 815 Email: info-GFM@nomura.com
www.gfmanagement.lu
This brochure has been prepared by Global Funds Management S.A. (“GFM”). No part of this brochure may be reproduced, transmitted, stored in a retrieval system or translated in any other language in any form, by any means without the prior written consent of GFM.
This brochure is confidential and has been furnished to the intended recipient solely for such recipient’s information and private use and may not be referred to, disclosed, reproduced or redistributed, in whole or in part, to any other person.
This brochure does not constitute a due diligence review and should not be construed as such. No representation or warranty as to this brochure’s accuracy, completeness or correctness is made and no reliance should be placed on the accuracy, completeness or correctness thereof. The information contained, and any opinions expressed, in this brochure are subject to change at any time and GFM is under no obligation to inform the intended recipient or any other person of any such change.
GFM accepts no responsibility or liability whatsoever in relation to this brochure (including for any error contained in this brochure or in relation to the accuracy, completeness or correctness of this brochure or in relation to any projections, analyses, assumptions and/or opinions contained herein nor for any loss of profit or damages or any liability to a third party whatsoever arising from the use of this brochure). The exclusion of liability provided herein shall protect GFM, its officers, employees, agents, representatives and/or associates in all circumstances. © Nomura 2018
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