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Variable Capital Company - Singapore’s gateway to investment funds - Fund Launch Guide

The Krypton Fund Services team are proud to present our Variable Capital Company Guide. This guide is prepared with the help of some of our expert industry partners which include Duff & Phelps, Hedge Funds Club, BTP Law, Credence Consulting, Edelweiss Investment Advisors, Raffles Family Office, Solas Fiduciary Services, EisnerAmper, Waystone and others. A thank you to Eugene Ling of Sunny Side Up in for providing us with the finished product. We hope our current and potential clients find the information contained within this Guide useful and that it answers in answering any questions you might have about the Singapore VCC for your fund structure.

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MAURITIUS IS AN ESTABLISHED INTERNATIONAL FINANCIAL CENTRE FOR INVESTMENTS INTO AFRICA

Mauritius is the gateway for the structuring of investments into Africa. Mauritius has gone through a series of legal reforms over the past few decades. These reforms have nurtured a stable business-friendly regulatory environment and developed a legal network of Double Taxations Agreements (“DTAs”) and investment promotion and protection agreements known as bilateral investment treaties (“BITs”).

EMERGING MANAGER’S GUIDE – KEY QUESTIONS IN SELECTING YOUR FUND ADMINISTRATOR

Launching a new fund structure is a critical business decision, and for many Managers, the selection of your service provider is one of the most challenging decisions to make as it impacts the operating stability of your Fund.

CAYMAN ISLANDS INTRODUCE LEGISLATIVE CHANGES TO CAYMAN ISLANDS FUNDS REGIME

On 8th January 2020, the Cayman Islands Government introduced a draft Mutual Funds (Amendment) Bill, 2020, and a draft Private Fund Bill, 2020, which seeks to adopt sensible and commercially responsible regulation that has been the mainstay of the Cayman Islands funds regime.

SINGAPORE’S VARIABLE CAPITAL COMPANY (VCC)

Singapore’s growth as a global hub for asset management is accelerating with the launch of the Variable Capital Company (VCC).

Oct 2018 – Legal Cases in Investment Funds– Ardon Maroon Asia Master Fund

Krypton will highlight legal cases that are establishing precedent’s in the market from interpretation and provide key take-aways that should be examined in a fund structure. As always Krypton recommends at least an annual review of fund documentation to ensure that the documents are updated to the current standards in the market and as well that an operational review is completed to ensure everyone is operating in line with the documents.

PLANNING CONSIDERATIONS FOR CHANGING A FUND ADMINISTRATOR

Changing a fund administrator is never an easy decision. It requires hands-on management, time to properly conduct due diligence, negotiations, transition management, and ongoing monitoring of service levels with your new service provider. Fortunately, by choosing the right fund administrator, they can help make the transition as seamless as possible with no decrease in service level and minimal disruptions to investors.

Canadian Hedge Fund Managers Setting up Offshore

A number of Canadian Fund Managers have expanded outside of Canada. This knowledge article will outline a variety of key considerations those managers should consider before moving their operations outside of Canada. This knowledge article is not designed to be all inclusive and managers must ensure to obtain appropriate professional advice as every business has unique factors to consider.

Krypton Fund Services Holdings Ltd Offsets Climate Footprint

Anti-Money Laundering/Anti-Terrorism Financing (AML/ATF) compliance is growing in complexity, and fund structures

Trapped Collateral: Insurance Linked Securities Funds and the Use of Side Pockets

With multiple years of global catastrophes particularly in 2017 and 2018 which included the California wild fires, Hurricane Florence, Harvey, Irma, Typhoon Jebi, and Hato, Insurance Linked Securities (“ILS”) such as fully collateralized insurance-linked contracts held by many ILS Funds are subject to significant losses from multiple covered events