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Cayman Emerging Manager PlatformWhat can EAM offer?
Emerging Asset Management
Helping Emerging ManagersBuild Strong Foundations
Introduction
Emerging Asset Management Ltd. (“EAM”) manages a number of fund
platforms in various offshore regulated jurisdictions, including Bermuda
and the Cayman Islands.
Cayman Emerging Manager Platform SPC is a Cayman Islands mutual
fund established as a segregated portfolio company. This means that the
assets and liabilities of each Sub-Fund are segregated or “ring-fenced”
from those of the other Sub-Funds on the Platform so as to avoid any
cross-collateral risk. Each Sub-Fund will operate independently and the
manager of each Sub-Fund will be able to establish its own track record.
Emerging fund managers can establish their Fund as a Sub-Fund of an existing
authorised fund, with legal segregation of their assets and liabilities from all other
Sub-Funds. This cost-effective solution allows an emerging fund manager to
create and launch a Fund with a smaller initial seed capital and without the high
costs associated with structuring and managing an independent Fund.
Services
Structure
Apex Fund Services Ltd.
(Administrator)
Sub-Fund Sub-Fund
CAYMAN EMERGING MANAGER PLATFORM SPC
Sub-Fund Investment Advisor
Walkers(Legal Counsel)
(Cayman Islands)
Deloitte(Auditor)
Emerging Asset Management Ltd.
(Investment Manager)
DirectorsPeter Hughes and Rayal Bodden are the directors of Cayman Emerging
Manager Platform SPC. Peter is the Managing Director of Apex Fund
Services Ltd., a specialist funds administration company founded in 2003.
Rayal is the Senior Associate of Apex Fund Services (Cayman) Ltd. Both
Peter and Rayal have many years experience in the financial services
industry.
ManagementJerry Gil, Managing Director, is responsible for developing and promoting
the EAM range of products globally, and is responsible for oversight of
the Sub-Funds managed by EAM on the Emerging Manager Platforms.
Prior to EAM, Jerry held Director positions at SEI and BNP Paribas. Jerry
has over 20 years of experience in the financial services industry in the
US, Scotland and United Kingdom, with global mandates in the Middle
East and Asia. Jerry’s career has a particular focus on funds services,
middle/back office solutions, global and domestic custody and prime
brokerage.
Service Providers
Fees
Management Company: EAM has been appointed as the fund management company. EAM will ensure that Cayman Emerging Manager Platform SPC complies with Cayman Islands laws and regulations and that the investment advisors comply with the terms of the offering documents and the memorandum and articles of association of the Cayman Emerging Manager Platform SPC.
Investment Manager: Cayman Emerging Manager Platform SPC and EAM will appoint investment advisors for each of the Sub-funds.
Cayman Legal Counsel: Walkers, Cayman Islands.
Auditors: Deloitte.
Administrator: Apex Fund Services Ltd, an internationally recognised funds administrator with a global network of offices.
Prime/broker and custodian: EAM has established relationships with prime brokers and custodians.
EAM Set-up Fee US$5,000 - US$10,000
EAM Management Fee 0.25% (25 basis points) per annum subject to a minimum of US$6,000 per annum
Apex Administration fees To be discussed
Auditor Quoted investments Eur3,000 - Eur5,000
Fund of Funds Eur4,000 - Eur6,000
Alternatives/Private equity Eur5,000 - Eur7,000 Plus US$4,750 for Cayman audit sign-off
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