B U I L D I N G L O N G - T E R M P A R T N E R S H I P S. F u n d A d m i n i s t r a t i o n S e r v i c e s i n t h e C h a n n e l I s l a n d s

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1 B U I L D I N G L O N G - T E R M P A R T N E R S H I P S F u n d A d m i n i s t r a t i o n S e r v i c e s i n t h e C h a n n e l I s l a n d s

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3 LOCAL KNOWLEDGE, GLOBAL REACH Fund managers with interests in the Channel Islands require a local partner focused on helping them to achieve their goals now and in the years to come. At Northern Trust we are committed to understanding your fund s investment objectives to enable us to design a service model that meets and adapts to your requirements whilst providing the highest levels of control and integrity.

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5 You are likely to face many challenges when it comes to maximising the potential of your fund. Northern Trust will work with you to build a creative and flexible service model that addresses your particular business issues and concerns. F U N D A D M I N I S T R A T I O N S E R V I C E S Our long-standing experience in the Channel Islands enables us to provide third-party fund administration services to a broad spectrum of asset classes for some of the world s leading fund management groups and boutique managers. Extensive services for traditional fund vehicles are complemented by a highly developed capability in the alternative fund industry. The asset classes we service include: Swansea UNITED KINGDOM Bristol London Weston-Super-Mare Taunton Southampton Brighton Hastings Exeter Poole Weymouth Portsmouth Eastbourne Torquay Plymouth Private equity funds Real estate funds ENGLISH CHANNEL Cherbourg-Octeville GUERNSEY Le Havre Caen JERSEY Infrastructure funds Brest GULF OF ST. MALO Lannion Saint-Malo Moriaix Saint-Brieuc FRANCE Fund of funds Quimper Concarneau Lorient Vannes Rennes Le Mans Hedge funds Traditional funds Our services are designed to evolve with your business, creating an effective partnership that will add value for your investors. By applying our experience and understanding of the fund management industry, we aim to anticipate and respond to your multi-faceted administration needs. Teams in Guernsey and Jersey are complemented by teams in the international finance centres of London, Dublin, Luxembourg and Chicago. This facilitates global solutions to regulatory and industry developments. Northern Trust has been developing its presence and experience in the Channel Islands since We have built a reputation as a leading financial services provider in the islands, through a business model that combines the highest level of integrity, stability and financial strength with a client-focused approach. Our worldwide client base includes specialist, multi-manager and traditional funds, corporations, family offices, and private individuals. N O R T H E R N T R U S T 3

6 In the Channel Islands, Northern Trust provides a comprehensive range of fund administration solutions for a broad spectrum of fund structures. P R I V A T E E Q U I T Y F U N D S Our knowledge of private equity fund administration has evolved throughout our 20-year involvement with the asset class. We are able to adapt to your varying requirements by leveraging a highly developed operational infrastructure that offers an efficient, tailored and risk-controlled operating service solution. Services include: Assistance with fund establishment and structuring. Capital drawdowns. Investment execution. Investor reporting. Fund accounting. Distributions. Northern Trust is one of the world s leading providers of asset servicing, asset management and wealth management services. Founded in 1889, we have a history of strength and stability. Today we are a global leader in combining exceptional client service and expertise with innovative products and technology. Corporate secretarial. Regulatory reporting and compliance. R E A L E S T A T E F U N D S Real estate funds are serviced by experienced administrators with a practical understanding of the issues facing real estate fund managers. We administer a wide range of real estate fund types including residential, retail, office and industrial. Many of these funds have a global investment reach with a particular focus on the United Kingdom, Europe and the Far East. Services include: Assistance with fund establishment and structuring. Acquisition, disposal, leasehold and works approval processes. Capital drawdowns. Distributions. Fund accounting. Corporate secretarial. Regulatory reporting and compliance. 4 N O R T H E R N T R U S T

7 We seek to offer exceptional service and flexible service models so you can achieve your goals. F U N D O F F U N D S We apply our wide knowledge of asset classes to provide a robust operating environment for fund of funds in a range of underlying asset classes including private equity, property, hedge and traditional funds. Our services are designed to address the issues of the underlying investments, managers and custodial arrangements. Services to fund of funds and fund of hedge funds include: Fund accounting liaison with underlying administrators to obtain estimated and final net asset values (NAVs). Custody and trade execution. Banking and secured credit facilities (subject to certain limits). Investor services/transfer agency including processing shareholding dealing. Corporate secretarial. H E D G E F U N D S Our technical knowledge and appreciation of hedge fund managers needs enables us to provide the robust and scaleable operational infrastructure necessary to administer hedge funds with timeliness, efficiency and integrity. Our wide-ranging services include: We are committed to working with you to provide a service that meets and adapts to your changing requirements. Monthly pricing including weekly or daily NAV estimates. Flexible, tailored reporting solutions based on your requirements. Investor services/transfer agency including processing shareholder dealing and calculation of performance fees. Corporate secretarial. N O R T H E R N T R U S T 5

8 T R A D I T I O N A L A S S E T C L A S S E S Traditional fund administration is a core element of our asset servicing suite. Our comprehensive range of services to bond, equity and money market funds delivers strong processing capabilities for a variety of fund structures, including open and closed ended funds, unit trusts and professional and institutional investor funds. Our services include: Assistance with fund establishment and structuring. Fund accounting including recording and accounting for all security transactions and NAV calculations. Investor services/transfer agency including maintaining fund shareholder registers and processing subscriptions, redemptions and distributions. Corporate secretarial. Regulatory filings. Arranging and preparing for fund audits. Making stock exchange announcements. 6 N O R T H E R N T R U S T

9 C I S X L I S T I N G Northern Trust provides a comprehensive Channel Islands Stock Exchange (CISX) listing agent service. As a founding CISX member and Category 1 listing sponsor, we can utilise our experience to provide a quick and efficient listing process. We provide ongoing support to ensure the listed fund s continuing obligations are met. In addition to its broad-range of listed securities, the CISX has created a niche market in the listing of innovative and hybrid structures including protected cell companies and limited partnerships. L I S T E N I N G T O Y O U Above all Northern Trust aims to provide superior levels of service that give you the freedom to focus on your objectives. A focused client servicing team will work with you to identify and reach longer-range strategic goals. You will also benefit from the attention of senior management. This helps to ensure the wide support of knowledgeable people familiar with your needs. We are actively involved in the local industry, keeping abreast of new and planned changes in regulations which affect you. Our local representatives interface with our teams around the world to provide you with the international coverage you require to meet your global strategic needs and address industry-wide issues. E F F E C T I V E T E C H N O L O G Y F O R Y O U R B U S I N E S S We are committed to developing and maintaining sophisticated client-driven systems. Our focus on developing technology for asset servicing and administration enables us to provide scalable and flexible platforms that support sophisticated needs. Our leading web-based client information system, Northern Trust Passport, allows you to view a range of customised account-specific information in addition to industry information and analysis. The secure online portal provides you with the tools and information you need to assist in the management of your asset portfolios. N O R T H E R N T R U S T 7

10 B E Y O N D F U N D A D M I N I S T R A T I O N FOR MORE INFORMATION PLEASE VISIT northerntrust.com Guernsey PO Box 255 Trafalgar Court Les Banques St Peter Port Guernsey Channel Islands GY1 3QL Telephone: +44 (0) Jersey PO Box Church Street St Helier Jersey Channel Islands JE4 9ZF Telephone: +44 (0) Northern Trust s Channel Islands operations provide a comprehensive range of banking, global custody and fiduciary solutions that have been specifically designed to meet the needs of the funds sector. Our banking solutions support a variety of fund structures in conventional, emerging and alternative asset classes. Extensive traditional fund capability is combined with specialist expertise in providing banking and treasury services to support private equity, property, hedge and fund of funds. We have also developed specialist secured credit services for an array of asset classes. Global custody services meet the exacting needs of client investment activity in all major and most emerging global securities markets. In addition to our conventional custody capability, our Guernsey operations have a specialist focus on funds of funds, funds of hedge funds and other alternative investments. Services can be aligned to the specific needs of fund promoters and their administrators, private clients, family offices, and professional intermediaries. Independent fiduciary services are available to provide products and services to complement fund administration and global custody services. Fiduciary services include trustee and company administration services. 8 N O R T H E R N T R U S T

11 N O R T H E R N T R U S T L O C A T I O N S Abu Dhabi Amsterdam Bangalore Beijing Chicago Dublin Guernsey Hong Kong Jersey Limerick London Luxembourg Melbourne New York Singapore Tokyo Toronto This material is directed to eligible counterparties and professional clients only and should not be relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors. In Guernsey, Northern Trust International Fund Administration Services (Guernsey) Limited is licensed by the Guernsey Financial Services Commission. In Jersey, Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. In the United Kingdom, Northern Trust is authorised and regulated by the Financial Services Authority. Northern Trust Corporation, 2008

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