PHI Group Inc (PHIL)

[gemmerling]

Thanks this looks new to me.

Fund Structure

PHILUX Global Funds and its sub-funds are organized in accordance with the following:

Legislation: Luxembourg Laws

Law of July 23, 2016 on Reserved Alternative Investment Funds (RAIF).
Law of August 23, 2016 on commercial companies.
Law of July 12, 2013 on alternative investment fund managers.
Regulation: Supervision by CSSF (Commission de Surveillance du Secteur Financier) of Luxembourg.

Segregation: Sub-funds or Compartments

Each sub-fund constitutes a separate pool of assets invested in accordance with the particular investment features applicable to such sub-fund. For the purposes of relations with creditors, each sub-fund is treated as a single entity. The assets of one sub-fund are only responsible for all debts, engagements and obligations attributable to this sub-fund. In this regard, if the Company incurs a liability, which relates to a particular sub-fund, the creditor’s recourse with respect to such liability shall be solely to the assets of the relevant sub-fund.

Duration: Unlimited or limited period of time.

Promotorship: Bank Initiator

Eligible Assets: Any kind of assets

Cash or Cash equivalents
Equity
Bonds
Derivatives
Investment funds
Private equity
Real Estate
Precious metals (gold, silver, platinum, etc.)
Arts
Other
Investments:

Direct
Through fully-owned specific purpose vehicles (Luxembourg or foreign holding companies).
Risk spreading: Risk diversification requirements (to be determined)/Look through accepted.

Form of securities: Shares:

Participating shares (owned by limited shareholders)
Management shares (owned by the General Partner)
Subscription:

Each sub-fund is reserved to a specific shareholder or a select group of shareholders (one family). New shareholder(s) are accepted according to the shareholder agreement with each sub-fund.
Subscription-based model.
In cash or in kind.
Subscription fees possible.
Depository: Hauck & Aufhauser Luxembourg

Administration: Luxembourg Central administration.

AIFMD Management: Delegation to AIF ManCo.

Investment Management:

The General Partners conduct the investment management with a regulated investment manager, which follows guidelines and rules fixed by each sub-fund committee.
Risk Management: Delegation to AIF ManCo.

Audit: External independent Luxembourg CSSF-regulated auditor required.

Financial reporting:

Audited annual report
LuxGAAP/IFRS

Wealth tax: Exempt.

http://www.philux.eu/fund-structure/