Suitability
An individual or corporate investor keen on formulating their own investment framework that accommodates their own specific requirements. The asset management company is appointed to manage the fund on their behalf.
1. The management of the fund is governed by a contractual arrangement; the private fund does not take the form of a new entity. Hence, ownership of assets remain with the client.
2. The client’s assets are kept with the trustee to protect against conflict of interests. Furthermore, these assets are kept separate from the trustee’s own assets.
3. The Securities and Exchange Commission (SEC) supervises the management and handling of private funds by asset management companies and trustees to ensure compliance with relevant laws and regulations.
1. The management of the fund is governed by a contractual arrangement; the private fund does not take the form of a new entity. Hence, ownership of assets remain with the client.
2. The client’s assets are kept with the trustee to protect against conflict of interests. Furthermore, these assets are kept separate from the trustee’s own assets.
3. The Securities and Exchange Commission (SEC) supervises the management and handling of private funds by asset management companies and trustees to ensure compliance with relevant laws and regulations.