Our clients always start with the same question when they want to launch an AIF: “Shall we set-up our own Management Company/AIFM or rent a Management Company?”

Obtaining your own license as AIFM can be quiet cumbersome, cost intense and time wise unpredictable. It requires as well in depth expertise in corporate governance and the right profiles and substance to set up your own Management Company.

To short cut this process and to be quickly operational a 3rd Party AIFM might be the best solution.

We offer 2 models of Portfolio Management:

PANDOO Management assists AIFs in performing the following tasks:

• Analysing and defining the risk profile of the AIF;
• Reviewing and implementing risk management policies;
• Ongoing risk monitoring on asset and portfolio level;
• Monitoring the investment process to be in line with the AIFMD;
• Reviewing valuation process and the valuation policy.

PANDOO Management takes over the following tasks & responsibilities:

• Regular stress testing of the liquidity risk of the AIF;
• Initial due diligence and ongoing monitoring of 3rd Party service providers;
• Providing a comprehensive summary risk report prior to any transaction (investment, disposal).

Services: Valuation

PANDOO Management will be responsible for the proper valuation of the AIF and its underlying assets and will therefore:

• Establish the valuation policy and review the valuation process;
• Ensure the independent valuation of the AIF's assets;
• Supervise the NAV calculation process;
• Assist in the selection process and monitor the external valuer(s)/appraiser(s).

The AIFM Directive changed the landscape of distribution/marketing of AIFs within the EU:

• PANDOO Management will support the notification process for the distribution of the AIF within the EU;
• The AIF will benefit from PANDOO’s “EU Marketing Passport“;
• PANDOO Management may support clients in identifying & monitoring distributors in the EU and other markets.

Based on information provided by the Investment Advisor/Asset Manager/Property Manager, PANDOO Management will establish Portfolio & Risk Management reports.

The reports will cover amongst others the following topics:

• Portfolio reporting
• KPI and KRI
• Shareholder activity specific reporting
• Investment restrictions
• Risk Reporting, such as:
  • Counterparty risk
  • Market risk
  • Liquidity risk
  • Operational risk
  • Credit risk
• Complaints.

PANDOO MANAGEMENT can support in the regulatory Investor Reporting:

• Initial setup
• VAG Reporting
• Solvency II Reporting
• Currency Reporting
• CRR Reporting

The fund launch process can be a cumbersome process as various parties are involved in preparing the fund launch: 

• PANDOO Management supports its clients by applying a stringent project management discipline during the set-up phase of the fund; 
• a dedicated project manager will be assigned to the project taking ownership and a lead function steering the process;
• a fund launch plan will be maintained capturing the major milestones as well as the essential steps;
• PANDOO Management could also assist in the selection process of the necessary service providers for the fund.