Cash Flow Finance (Luxury)

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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.

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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