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 |
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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 |