THE INDEPENDENT UCITS PLATFORM -...

A Luxembourg based UCITS regulated Fund Platform | An efficient, cost effective route for entering the UCITS market INDEPENDENT UCITS 1

A Luxembourg based UCITS regulated Fund Platform | An efficient, cost effective route for entering the UCITS market

THE INDEPENDENT UCITS PLATFORM

For further information, please contact: Hugh Hunter | Independent UCITS | [email protected] | +44 207 495 9605 (direct) | +44 203 174 0315 (group) | +44 7775 676 320 (mobile)

Fund Presentation

A Luxembourg based UCITS regulated Fund Platform | An efficient, cost effective route for entering the UCITS market 2INDEPENDENT UCITS

• Allows both traditional and alternative investment strategies. UCITS4 rules provide additional flexibility to alternative strategies

• Potential to distribute funds across the EU

• Regulatory structure is well recognised globally and accepted by investors throughout Asia and Latin America

• Independent oversight of portfolio risk by fund service providers gives investors peace of mind

• UCITS rules provide clear and practical portfolio diversification guidelines and investor protection

• UCITS protections and brand allows small funds to gain acceptance for their strategies with large investors

WHY UCITS?


• Viewed as the gold-plated fund domicile with globally recognised regulator, the CSSF

• The world’s leading domicile for international investment funds, including 50% of alternative UCITS *

• Full tax reporting available for all European jurisdictions, including Germany and U.K.

• Favourable double-taxation agreements with most tax regimes globally, allowing withholding taxes to be reclaimed quickly

*Source: EY UCITS and new alternative UCITS in Luxembourg guide, January 2011

• Domicile supports global distribution for funds across Asia and South America

WHY LUXEMBOURG?


• Individual branding, independence and autonomy for the manager of each individual fund on the SICAV

• Attractive cost structure means funds of €5 million can be viable

- Transparent platform charge, with no claim on management fees

- No minimum charges for custody

- Highest quality service providers

• Set-up of a new fund possible in weeks

• Pre-agreed exit strategy in our arrangements

• Each manager can make their own individual distribution and marketing arrangements

WHY THE INDEPENDENT UCITS PLATFORM IS ATTRACTIVE FOR SMALLER FUNDS


• Multiple options for distribution of new funds including arrangements with proven distributors and third party marketing companies

• The platform’s creators and sponsors are asset managers who understand the needs and priorities of new fund management ventures

• Support for set-up and development of new funds at cost

• Platform creators have extensive experience of UCITS fund creation and redomiciliation of funds from offshore jurisdictions

• Prodigy is also an FSA regulated investment manager company, and can provide regulation to investment managers who need it

• Independent sponsors and fund providers assure no conflicts of interest for potential investors

HOW THE INDEPENDENT UCITS PLATFORM CAN HELP YOUR FUND TO GROW


• Luxembourg is widely viewed as the gold-plated UCITS fund jurisdiction

• The platform is regulated and approved by the globally respected CSSF (Commission de Surveillance du Secteur Financier)

• A five member board of directors, including two highly regarded external directors, oversees SICAV governance including oversight of the operations of service providers

• Independent monitoring of compliance with UCITs rules provided both by custodians and sponsors

FUND GOVERNANCE AND MANAGEMENT


ANDBANK, LUXEMBOURG

• Subsidiary of Andbank Private Bank with global footprint and capital adequacy ratio of 22%

• Sponsors the SICAV and indemnifies all shareholders against mis-management

• Strong relationship with CSSF for efficient management of regulatory matters

• Act as local management company – overseeing investment management, administration and distribution arrangements

• Management team previously with Banque Degroof, responsible for setting up some of the most successful fund and platforms ventures in Luxembourg including the pioneering Asia Pacific Performance SICAV

CITIBANK INTERNATIONAL, LUXEMBOURG

• Depositary – Luxembourg based custodian of all SICAV and sub-fund assets

• Administrator – maintains, accounting records and calculates daily/weekly NAVs

• Transfer Agency services – processes subscriptions and redemptions, registration of shareholders records

HIGH QUALITY, WELL CAPITALISED SUPPORTING SERVICE PROVIDERS


• At very low cost, fund marketers can launch funds on behalf of managers whose strategies they want to promote

• The platform is unbranded to allow marketing companies to build their own brands around an existing administrative and regulatory structure

• Families of funds under a common brand can be set up quickly and efficiently

• Attractive fee sharing arrangements

• Support and set-up services provided at cost

WHY THE INDEPENDENT UCITS PLATFORM HELPS THIRD PARTY MARKETING COMPANIES ACHIEVE THEIR OBJECTIVES?


YOUR FUNDFUND B FUND C FUND D

SICAV

BOARD OF DIRECTORS

ANDBANK LUXEMBOURG

(Sponsor)

CSSF (Regulator)

FUND LEGAL STRUCTURE


SERVICE PROVIDERS TO FUNDS ON THE INDEPENDENT UCITS PLATFORM

SICAV YOUR FUND

Mazars

• Luxembourg Auditors

Citibank International (Luxembourg)

• Fund Accounting/Valuation

• Transfer Agency

Citibank International (Luxembourg)

• Custody• UCITS Oversight

Andbank Asset Management

• Management Company• Domiciliary Agent

Investment Manager

Investment Advisor

Distribution

• Your own distributors and agents

• Other potential marketing partners:

- Brook Green Services - Spring Capital - Prodigy’s joint ventures


DISCLAIMER

So far as permitted by law, none of Prodigy Capital Partners LLP or any of their employees, affiliates, representatives or advisors make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein including any opinion or of any other written or oral communication transmitted or made available, and each recipient expressly disclaims any and all liability relating to or resulting from the use of such information and communications by it or any of its affiliates, advisors or representatives. Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise immediately if you or your employer do not consent to Internet email for messages of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it.


CONTACT

FOR FURTHER INFORMATION, PLEASE CONTACT:

HUGH HUNTERINDEPENDENT UCITS

[email protected]

+44 20 7495 9605 (phone)+44 20 3174 0315 (group)

+44 7775 676 320 (mobile)

THE INDEPENDENT UCITS PLATFORM -...

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