Setting-up and Launching a Fund
by Nicole Rodrigues
1. Location
2. Prospectus, scheme particulars or offering documents
3. Formulation of terms and conditions
4. Maximum and minimum investment
5. Investment risk profile
6. Appointments
7. Transfer agency
8. Disclaimers
9. Sales and marketing
10. Regulatory body
11. Strategy and objectives
12. Sponsor
13. Definition of market and creation of share structure
14. Fund type
15. Fund Structure
16. Onshore
17. Offshore
18. Listing/registration
19. Authorisation
20. Compilation of the applicable offering documents
21. Subscription
22. Redemption
23. Termination
24. Nest asset value (NAV)
25. Publication of price
26. Lock-in period
27. Other expenses
28. Performance fee basis and charging periods
29. Carried interest of partners.managers
30. Income distribution
31. Equalisation/dilution levy basis
32. Any conditions attached to the subscription process including amount invested.
33. Third party investment managers
34. Fund administrators
35. Custodians
36. Auditors
37. Lawyers
38. Accountants
39. Consultants
40. Valuers
41. Appointment of separate transfer agency to deal with the investors in the fund if the administrator is not a full service firm.
42. Compilation of those included in offering documents.
43. How the fund will be marketed
44. Appointment/approval of appropriate intermediaries
45. Which regulation in which the fund will be authorised by. (In various jurisdictions certain funds can be unregulated).
46. Expected/target return
47. Sectors
48. Products
49. Income
50. Growth
51. Private equity
52. Name(s)
53. Currency
54. Investor location
55. Market/srategy
56. Retail
57. Hedge fund
58. Pension fund
59. Private equity
60. Commodity
61. Real estate/property
62. Domestic
63. Foreign
64. Associate corporate director
65. Board of directors
66. Investment manager company
67. Trustees
68. Partners
