Cash Flow Finance (Luxury)
Fund Portrait
The Fund issues loans to the luxury sector by taking hard assets as security. The LTV is between 50-75% of the liquidation price for the assets. The assets are stored and secured with Ferrari Express Inc., one of the biggest third-party vault providers in the world. Once the loan has been reimbursed, the goods are released and returned to the loan customer. The Fund targets a return of 7% + p.a. Duration of the loans is max. 12 months. The strategy is suitable for medium/long-term investors looking for positive consistent performance.
| INVESTMENT MANAGER | Accuro Fund Solutions AG |
|---|---|
| TYPE STRUCTURE | Liechtenstein SICAV- AIF |
| DOMICILE | Liechtenstein |
| LAUNCH DATE | June, 2020 |
| DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
| AUDITOR | PricewaterhouseCoopers AG |
| CUSTODIAN | Liechtensteinische Landesbank AG |
| REGULATOR | Finanzmarktaufsicht Liechtenstein (FMA) |
| PAYING AGENT SWISS | OpenFunds Investment Services AG |
| GEOGRAPHY | Primarily US |
| STRATEGY | Direct Lending/Trade Finance |
| SHARE CLASSES | Institutional and Participating |
| CURRENCY | USD, EUR, CHF |
| INITIAL CHARGES | 0% |
| MINIMUM SUBSCRIPTION | Institutional share class: 100,000 USD / Participating share class: 25,000 CHF/USD/EUR |
| LIQUIDITY | Monthly |
| MANAGEMENT FEE | Institutional share class: 0.75% p.a. / Participating share class: 1.25% p.a. |
| PERFORMANCE FEE | no performance fee |
| FUND SIZE | USD 4.9 m |
| MANAGER TRACK RECORD | Active in the sector since 1995 |
| ISIN | Please refer to the factsheets |
| BLOOMBERG CODE | Please refer to the factsheets |
