BRIDGE FUND MANAGEMENT LIMITED

Transcription

1 BRIDGE FUND MANAGEMENT BRIDGE FUND MANAGEMENT LIMITED AN IRISH DOMICILED SUPER MANAGEMENT COMPANY 2017 Bridge Consulting

2 Bridge Fund Management Limited is regulated by the Central Bank of Ireland.

3 Contents Bridge Fund Management Company Brochure 1 Introduction 2 Bridge Fund Solutions 3 The Value Offered by BFML 4 Using an Independant Management Company 5 Substance Matters 6 BIRS - Bridge Independant Risk Solutions 7 BFML Functions 8 Other Services

4 1 Introduction 1 Introduction Bridge Consulting provides a range of specialist regulatory compliance, risk, corporate governance and consulting support services to a substantial global client base which includes investment managers, regulated fund structures and fund service providers. Bridge s approach is to apply real world knowledge and experience to assist clients in developing and implementing practical solutions to meet their requirements. Our experienced team has developed a deep technical expertise across our range of services which is combined with a strong attention to detail and focus on maintaining consistently high levels of client service. Page 1

5 2 Bridge Fund Solutions. 2 Bridge Fund Solutions Bridge Consulting can provide a full range of solutions depending on the fund structure you are considering. Core Solutions Designated Persons Designated Persons+ Third Party Independant Management Company (BFML) Bridge QIAIF Platform Bridge UCITS Platform Page 2

6 3 The Value Offered by BFML 3 The Value Offered by BFML Bridge Fund Management Limited is an EU Irish domiciled Super Management Company that supports both UCITS and AIFs. Operational Oversight Capital Bridge Independant Risk Systems BRIDGE FUND MANAGEMENT Regulatory Compliance Distribution Board Expertise Page 3

7 4 Using an Independant Management Company (Bridge Fund Management Ltd.) 4 Using an Independant Management Company (Bridge Fund Management Ltd.) Points To Consider Bridge management company looks after all regulatory governance and compliance on your behalf UCITSAIF appoints Independant Man Co. Your fund maintains its own identity & brand but is managed by an independant management company (BFML) based in the EU Bridge Fund Management Ltd. is the approved UCITSAIF Man Co. and delegate portfolio management back to you as an investment manager. The minium regulatory capital requirement is met by the independent Management Company (BFML) Bridge Designated Persons are all senior professionals with extensive experience of managing fund structures and fund delegates Fund Administrator Calculation of Net Asset Value (NAV), fund reporting & Depositary Global Depositary for the fund s assets, Trustee Investment Manager Portfolio manager to the fund s assets Other Delegates - Legal Advisor - Audit Form - Tax Advisor Allows you concentrate on investment management, performance and distribution of your fund(s) Transfer agency Fiduciary role - Distributor BFML is responsible for the provision of regulatory capital Page 4

8 5 Substance Matters 5 Substance Matters BFML provides a fully outsourced independent Management Company solution. Our level of substance is a unique differentiator in the Irish market. Our model creates operational efficiencies and allows you focus on activities that are core to you. Fund expense budget implementation and management Review and approval of quarterly expense budgets and resulting daily accruals Full responsibility for delegate service levels Error management and reporting Daily review of full NAV calculations Daily review of Transfer Agency process Daily independent fund risk calculations Daily investment compliance monitoring BFML Pricing Committee is responsible for valuation policy and fair value pricing Breach management and reporting Daily price and performance publication Daily Reporting to fund platforms Trailer fee and dividend calculations verification Daily passive hedge monitoring Monthly service meetings with service providers Page 5

9 6 BIRS - Bridge Independant Risk Solutions 6 BIRS - Bridge Independant Risk Solutions Through BIRS, a joint venture company between Bridge Consulting and Arkus Financial Services, Bridge offers a comprehensive suite of risk calculations. Our partner Arkus Financial Services, founded in 2003 is based in Luxembourg, is a leader in portfolio management and risk based governance solutions. BIRS solutions include the following; Minimum Substance Required VaR Relative VaR Liquidity Commitment Stress Testing Risk Reporting Global Exposure Counterparty Risk Liquidity Risk Credit Risk Compliance Annex IV Leverage (Gross Net) Duration SRRI Page 6

10 7 BFML Functions Bridge Fund Management Functions Board of Directors Paul McNaughton, David Dillon, Patrick Robinson & Hugh Grootenhuis (Ind.) MLRO Joyce Byron Colin McKeon (Head of Man Co. Services) Oversight Committee* Client Relations Marketing Mark Crossan Compliance Kevin Bonner Head of Compliance Finance Sarah-Jane Leonard Head of Finance Operations Brian Finneran Head of Operations Risk Michael Doyle Head of Risk Compliance Officer Fund Accounting Ops Manager Investor Services Manager Asimina Lenakou Risk Officer Heather O Connor Sean Brady FA Team TA Team *Oversight Committee Colin McKeon Head of Management Company Services Karen Nolan Designated Person Brian Finneran Designated Person Kevin Bonner Designated Person Michael Doyle Designated Person Joyce Byron - MLRO Sarah-Jane Leonard Designated Person Page 7

11 8 Other Services 8 Other Services Bridge Fund Management Ltd. - Optional Services Bridge Consulting - Optional Services Risk Calculations e.g. VAR Commitment Approach CCO CRO Secondment ONR System Administration Reporting Solutions - Annex IV PF FATCA KIID Production & Maintenance. SRRI Calculation RFP & Service Provider Selection Process Performance Reporting & Monthly investor newsletters Fact Sheets Review of agreed service levels with the Irish Administrator and the Irish Depositary - Annually VAT, PRSI PAYE Tax Reporting & Returns Provision of FATCA Reporting Officer. Assistance with other regulatory reporting solutions including EMIR Engagement with fund s tax advisers Compliance Helpdesk MLRO and annual AML training Distribution planning Independent Panel of experienced non executive directors (if required) Compliance review for Administrators & Depositories Fund Registration Monthly investor newsletters Fact Sheets Fund Expenses - Benchmarking Irish Facilities Agent Page 8

12 For Further Information Patrick Robinson Colin McKeon Mark Crossan DIRECTOR Phone +353 (0) HEAD OF MANAGEMENT COMPANY SERVICES Phone +353 (0) SENIOR CONSULTANT, CLIENT RELATIONS MARKETING Phone +353 (0)

13 BRIDGE FUND MANAGEMENT 2017 Bridge Consulting Bridge Fund Management Limited