Emerging Asset Management Building Strong Foundations .bm ¡ eam New Opportunities and Challenges for . ¡ www ¡ Emerging Fund Managers ¡ ¡ ¡ ¡ ¡ 26th F ebruary 2013, New Y ork ¡ 1
Emerging Asset Management Building Strong Foundations US Emerging Manager Platform ¡ ¡ Delaware Separate Series LLC Assets and liabilities are legally segregated No cross-collateral risk ¡ ¡ Each Sub-fund operates independently Investment Manager can focus time and resources on building a track record Cost effective and quick to launch www.eam.bm 2
Emerging Asset Management Building Strong Foundations Key Benefits ¡ ¡ Cost effective solution for back-office, fund administration, legal and accounting support ¡ ¡ Time efficient Established legal structure and documentation Launch within 4 weeks ¡ ¡ Access to experienced service providers and professional advisers at good rates www.eam.bm 3
Emerging Asset Management Building Strong Foundations ¡ ¡ ¡ ¡ Structure Apex Fund EAM Bingham Sevices (Platform McCutchen (Administrator) Manager) (US Legal Counsel) EMERGING MANAGER PLATFORM LLC Sub – Fund 1 Sub – Fund 2 Sub – Fund 3 www.eam.bm Investment Investment Investment Manager Manager Manager 4
Emerging Asset Management Building Strong Foundations PPM Prime Broker/ Custodian Supplement Agreement Legals Administration Subscription Agreement Agreement www.eam.bm Instrument to LLC Agreement 5
Emerging Asset Management Building Strong Foundations Contents of Supplement ¡ Subscription and redemption terms Investment objective and strategy Investment restrictions ¡ ¡ Details of Service Providers Biographical details of principals of Investment Manager Summary of fees and expenses www.eam.bm ¡ ¡ Risk factors ¡ ¡ T ax and regulatory disclosures 6
Emerging Asset Management Building Strong Foundations Service Providers and Professional Advisors Platform Manager – 25 basis points subject Prime Broker/ Client appointed or EAM (USA) to minimum of US6k per Custodian EAM referral annum Investment Client Legal counsel Bingham Manager www.eam.bm AUM less than USD 5m, USD Administrator $1,500 per month, AUM USD 5 to 10m, USD $2,000 per month, AUM – Apex Fund Auditor Deloitte more than USD 10m, USD Services (US) $,000 per month or 10 basis points. 7
For further information please contact: ¡ Christopher Buchan ¡ Emerging Asset Management Ltd. TJ Pearman Building, 3 Burnaby Street, Hamilton, HM12. Bermuda. T : +1 781 715 5080 E: chris@eam.bm www.eam.bm
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