JVSakk Group

Managed account tailors a personalized asset allocation plan by understanding client's investment objectives, needs, and risk profile. Following JVSakk's professional money management approach, our asset managers deploy investments according to client's chosen strategy and review overall performance with monthly reports to ensure an optimal asset allocation is on track with client's investment objective.

EXTERNAL ASSET MANAGEMENT

The client maintains the account and the portfolio with the banks and so has to sign all pertaining account opening forms and agreements. However, once the account is opened, and sometimes not even at the occasion of account opening, the clients often have no direct contact with the bank, because the bulk of the account and portfolio handling is performed by JVSakk. The bank does not approach the client directly; it rather communicates with the client through JVSakk. To enable JVSakk to become active and to perform under the investment mandate agreement, the client provides JVSakk with a limited power of attorney (LPOA) to represent it towards the bank. LPOA is mostly limited to investment instructions with no authority pertaining to cash transaction.

JVSakk, not the bank, is responsible for the definition of the investment strategy and the portfolio management. The client relationship management is in the hands of JVSakk, so the bank plays a passive, mainly administrative role.

Contractual Aspects

JVSakk / Client:

The legal relationship between JVSakk and its client is governed by a LPOA and investment mandate agreement.

On one part, JVSakk derives its rights to act vis à vis the bank from a LPOA given by the client empowering JVSakk to manage the client's assets.

On the other part, investment mandate agreement usually contains detailed rules on the portfolio strategy, the reference currency and the fee structure. In regard to fees the concepts vary between pure flat-fee arrangements and fully performance-oriented fee schedules.

JVSakk / Bank:

To keep administrative efforts low, JVSakk concentrate on a few banks that take the role of custodian and provide the administrative platform for clients' assets.

The legal relationship between the banks and JVSakk is regulated in a framework agreements, usually pertaining to all clients of JVSakk that have an account with the respective bank. As a rule, the more assets placed by JVSakk's clients with the bank, the more favorable the conditions become under the framework agreement.

In the framework agreement, the bank requires from JVSakk confirmations relating to compliance matters in the combat against money laundering. Further, the framework agreement sets out JVSakk's obligation to adhere to specific investment principles and to inform clients of any risks associated with the investments. Framework agreements also regularly foresee that the bank will not be liable for the quality of the services provided by JVSakk and the performance of the investments.

Under the framework agreement, the banks undertake to keep their banking platforms, IT solutions and research tools at JVSakk's disposal.

Heightened Transparency and Flexibility

• Operate as a one stop shop investment vehicle which encapsulates every asset class. Also allows close monitoring and tracking of our investors portfolio performance
• Seamless coordination with our portfolio managers to recalibrate the portfolio according to targeted asset allocation
• Accommodate specific requests and provide the suitable recommendations to meet investors' investment objectives
• Direct ownership of holdings for tax management
• Capital Investment Entrant Scheme services available to facilitate the entry for Hong Kong residence
• Through Special Purpose Investment Company (SPICO), a corporate form investment vehicle can be structured whereby Board of Director of SPICO consists of both investor and JVSakk portfolio manager, to develop a unique portfolio subject to investor's tolerance for risk, financial goals, and investment horizon

Managed Fund or Collective Investment Schemes (CIS) are pools of funds that are managed on behalf of investors by JVSakk. JVSakk exercises complete discretion with regards to client money over investment selection and portfolio management into stocks, bonds, or other securities according to specific investment objectives that have been established for the scheme. In return for investing monies into these funds, the investor receives shares or units that represent his/her pro-rata share of the pool of fund assets.

Currently, JVSakk manages the following fund:

JVSakk Opportunity Fund- Greater China

An open-end registered mutual fund in Cayman Islands with investment objectives to achieve medium to long term capital growth through an actively managed portfolio of listed instruments by means of investing in companies in Greater China or which derive a majority of their revenue from business related to Greater China.