SICAV
GENEVA | LONDON | MALTA
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The Private Office The Private Office S.A. is an owner operated, multi-family office based in Geneva, Switzerland, with a representative office in London, UK. We are an independent boutique asset and wealth management business; we provide our clients with a single point of contact to cover all of their business and personal finance requirements and as such are a regulated member of the Swiss Association of Asset Managers (ASG) and are bound by its rules and Code of Conduct.
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Advantages of our Fund Structure • Investing
in one of our open ended investment funds offers a cost-effective method of gaining a diversified exposure to a wider range of assets than would be efficient in a typical managed account.
• Our
fund range offers an extensive assortment of opportunities at an individual fund level and, moreover, if required our clients can combine exposures in a number of funds to achieve a tailor made asset allocation to meet particular requirements in terms of performance and risk levels.
• The
Private Office is small enough to be able to deliver meticulous and genuine personal attention to all of our clients. This level of service extends to our collective investment schemes.
• Unlike many institutions offering fund management services, The Private Office
will always consider the client’s wider position and objectives to ensure that the correct fund or selection of funds are selected.
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Key Features of the TPO Fund Range Legal Structure :
SICAV (open-ended collective investment vehicle) with sub-funds
Domicile :
Malta
Registered Office :
TPO Global Opportunities SICAV plc 171, Old Bakery Street Valetta Malta
Fund Type :
Professional Investor Fund open to qualifying investors only
Custodian :
Deutsche Bank Malta Plc
Administrator :
Deutsche International Corporate Services Dublin
Auditor :
KPMG Malta
Legal Advisor :
Ganado and Associates, Malta
Local Fund Manager :
Altarius Asset Management, Malta
Sub-Investment Manager :
The Private Office, S.A.
Current Sub-Funds :
TPO Active FX Trading Fund TPO ETF Fund TPO Multi-Strategy Fund of Funds TPO Global Resources Fund TPO Property and Project Finance Fund TPO Fixed Income Fund
Note under Maltese law these are segregated funds with distinct assets, liabilities, obligations and investment policies
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The private office range of funds legal structure functionaries and relationships
Functionaries - shared for cost efficiency/economy of scale
Custodian
Fund Admin
Auditor
TPO GLOBAL Opportunity es SICAV Plc Board of Directors - sets the SICAV objectives and the sub-fund investment policies
TPO Active FX Trading Fund
TPO ETF Fund
Fund Manager
SubManager
Legal Advisor
Board of Directors
TPO MultiStrategy Fund of Funds
TPO Global Resources Fund
TPO Property Projects Fund
TPO Fixed Income Fund
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Why Malta? •
Our SICAV is domiciled in Malta, which offers the best features of a traditional offshore centre, like the Cayman Islands, with the advantages of full membership of the European Union.
• Non-Maltese
investors in the fund are exempt from both capital gains and
income tax. • Malta
has a strong regulatory regime and a well established reputation for professional functionaries and service providers while at the same time is extremely competitive on a cost basis when compared to other popular fund domiciles such as Luxembourg or Dublin.
• Professional
Investor Fund (PIF) status gives more flexibility to the fund manager to manage the fund without the many restrictions and requirements imposed upon retail funds.
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Our Funds • We
have selected a diversified portfolio of compelling and specialist funds to appeal to our High Net Worth private clients and intuitional investors alike.
• It
is envisaged that the range of funds will expand in response to client demand and evolving financial markets.
• Funds
within this SICAV can be utilised either individually, or in combination as part of a broader asset allocation strategy. They cover a wide spectrum of risk return profiles and include equities, fixed income, cash/money market and foreign exchange trading. We also have two specialist funds available in the areas of Global Natural Resources and managed volatility.
•
The Private Office S.A. is the sub-investment manager for each of the funds in the TPO Global Opportunities SICAV.
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TPO Active FX Trading Fund Overview An active FX trading fund aiming to generate absolute returns through investment in global currencies and currency linked instruments. Fund Manager : MATTHEW CLARK Key Facts • Active
trading in the G10 currencies
•
The fund will not have a bias to any particular currency pair
•
Short and medium term directional trading strategies
• Combination
of technical trend following and statistically orientated intra-day trading
•
Strong risk control framework
•
Target return of 80-100bps per month
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund
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TPO ETF Fund Overview Fund of Exchange Traded Funds deploying behavioural science techniques to generate significant absolute returns. Fund Manager : WILLIAM PAYNTER BRYANT Key Facts •
Objective – absolute return
•
Universe – global listed ETFs
• Exposure •
Gearing through 2X and 3X leveraged funds
• Hedging • Entry •
to both market and sector funds
through positions in negatively correlated “bear” ETFs
and exit points determined using behavioural science techniques
Target return of at least 20% plus per annum
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund
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TPO Multi-Strategy Fund of Funds Overview Offered in collaboration with Redi and Partners, London, who act as investment advisors and investment committee members to the fund, The Private Office MultiStrategy Fund of Funds offers exposure to a pool of alternative investment strategies. Fund Manager : WILLIAM LOVERING Key Facts • Absolute
return objective
•
The fund will invest in a range of alternative investment vehicles
•
The fund will also hold ancillary cash and forward foreign exchange contracts to maintain a return
•
Target return of 50bps per month with a maximum volatility of 7% per year
• A
separate capital guarantee can be arranged for this fund
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund
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TPO Global Resources Fund Overview At the high octane end of the of the TPO funds spectrum, the Global Resources Fund aims to achieve substantial absolute returns over rolling three year periods through exposure to companies in the Global Natural Resources sector. Fund Manager : WILLIAM LOVERING Key Facts • Exposure
to both listed and private equity in the global resources sector
•
Target Return of 30 – 40% per year
•
Up to 35% of the portfolio in private equity
•
Selective exposure to resources sector ETFs to smooth volatility
•
The fund has the power to borrow, and may do so for the hedging purposes
•
Borrowing will not exceed 50% of the fund’s net asset value
• Note
that due to the returns profile of the private equity investments, this fund has an initial lock-in period of 18 months
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund
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TPO Property and Project Finance Fund Overview The objective of the fund is to generate absolute returns by investing in property projects. Fund Manager : TOWN AND COUNTRY PROPERTIES LTD, ISLE OF MAN Key Facts • Focus
on purchase and developing a diversified portfolio of immovable properties in central London
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Properties generally sourced from distressed major institutions.
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The strategy is to buy at a discount to market value and subsequently to develop and sell.
•
The fund will additionally optimise the return on capital held before being committed to specific projects using money market instruments and treasury bills
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund.
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TPO Fixed Income Fund Overview A low volatility fund of investment grade fixed income assets with an absolute return objective. Fund Manager : MATTHEW CLARK Key Facts • Eligible
investments include a range of multi-currency fixed income and money market instruments
• Corporate
and Government bonds will be of investment grade – and there will be no bias towards any particular issuer or currency
• Forward
foreign exchange contracts may be employed to preserve the returns of the fund in the base currency
• Returns
will be in line with corporate and government bond indices
For further information, including details of management and performance fees, please consult the Offering Memorandum for the fund
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Our Investment Committees • Each
Fund has a dedicated investment committee which is responsible for setting the strategic objectives of the fund, ratifying significant transactions and monitoring the fund’s risk and return profile.
committee is headed by William Lovering, Managing Partner, TPO, who has 25 years’ experience in portfolio management with roles including Head of European and Eafe Equities at Lombard Odier Darier Hentsch in Geneva and Head of International Portfolio Management at Al Rajhi Holdings in the Middle East and Geneva.
• Each
• Also represented on each committee is Allan Green, Head of Risk Management,
TPO, who has 23 years’ experience in international portfolio management including Head of Risk Management at Lombard Odier Darier Hentsch in London and Geneva.
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TPO Fixed Income Fund William Lovering Matthew Clark Allan Green
TPO ETF Fund William Lovering William Paynter Bryant Allan Green
TPO Multi-Strategy Fund of Funds William Lovering Redi and Partners Allan Green
TPO Global Resources Fund William Lovering Thomas Heppel Allan Green
TPO Active FX Trading Fund William Lovering Matthew Clark Allan Green
TPO Property Projects Fund William Lovering Town & Country Properties Allan Green
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Disclaimer This document was produced by The Private Office. The opinions expressed in the document are those of The Private Office as of the date of writing and are subject to change. It has been prepared solely to provide information about The Private Office and its services and is for the sole use of the recipient. The information provided in this document does not constitute an offer to provide products or services, nor does it represent an offer, recommendation or solicitation to make an investment or engage in any kind of investment activity. Any reference to past performance is not necessarily a guide to the future. Neither this document, nor any copy thereof, may be sent to or taken into the United States or distributed in the United States or to a US person. In certain other jurisdictions the distribution may be restricted by local law or regulation. This document may not be reproduced either in whole, or in part, in any form, electronic or otherwise, without the written permission of The Private Office.
Quai du Mont-Blanc 7, 1201 Geneva, Switzerland T: +41 22 741 55 55 F: +41 22 321 82 30 info@theprivateoffice.ch www.theprivateoffice.ch