Alternative Investment Fund Manager (AIFM) in Luxembourg

As an AIFM for Luxembourg alternative investment funds, we offer you comprehensive and customized solutions in the areas of portfolio management, risk management, valuation, outsourcing controlling and distribution.

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Flexibility and individuality for customized investment solutions

AIFM-Services

The two companies Hauck & Aufhäuser Fund Services S.A. and Hauck & Aufhäuser Administration Services S.A. work hand in hand to offer you comprehensive solutions in the regulated and unregulated areas. A team of internationally experienced multilingual specialists in the field of real assets is at your disposal to support you with flexibility and individuality in the implementation of customized investment solutions.

“Luxembourg is one of the preferred locations for real asset vehicles. There are many reasons for this: In addition to an extremely stable and reliable environment, the country offers above all the opportunity to offer individually tailored solutions for all types of investors.”

Christoph Kraiker, Vorstand / Member of the Management Board

We develop solutions for your investment products

Our Services as AIFM

  • Performance of portfolio management function with the involvement of an external investment advisor
  • Implementation of a flexible and product-specific investment process
  • Contact in daily business with regard to asset and transaction-related matters
  • Implementation of the investment strategy in line with the fund statutes and regulatory requirements
  • Ex ante investment review and coordination of the involved departments in the course of transactions
  • Ensuring AIFMD-compliant investment and divestment decisions
  • Liquidity management as part of the investment decision process
  • Independent Risk Management in line with applicable regulatory requirements, i.a. AIFM- and UCITS Directives as well as applicable local requirements, e.g. Luxembourg or Germany
  • Operational Risk Management on entity and product level
  • Continuous monitoring, support and advise during full fund life cycle
  • Implementation and application of adequate risk framework, covering at least the
    required risk categories and considering fund specificities such as e.g. fund structure, strategy, asset class
  • Setup and monitoring of fund specific risk profiles including quantitative and qualitative risk metrics and corresponding limits, where required and applicable
  • Stress- and backtesting
  • Pre-deal / Pre-trade risk due diligence
  • Post-trade investment compliance monitoring incl. e.g. leverage or SFDR related disclosures/ investment restrictions
  • Assessment of asset valuation methods and procedures
  • On-going, periodic or ad-hoc risk reporting
  • Active role and dedicated involvement within the overall outsourcing/ delegation
    oversight framework
  • Implementation of an internal valuation function which is independent from the portfolio management function and in compliance with AIFMD requirements
  • Establishment and application of the policies and procedures as well as valuation
    models for the valuation of assets in AIFs according to AIFMD
  • Involvement of investment advisors
  • Regular reporting to the management board of AIF and to the board of AIFM
  • Implementation of a clear and structured resolution process to address valuation-related queries or deviations from established valuation guidelines, ensuring swift and effective resolution
  • Advice on the toolbox of our structuring solutions in Luxembourg, Germany and Ireland
    (UCITS, AIF, ELTIF, securitizations, etc.)
  • Implementation and coordination of the entire launch process for our fund structures and securitization solutions
  • Preparation and coordination of all relevant fund documents
  • Implementation of the regulatory approval process for regulated products
  • Central point of contact for all questions relating to a product launch
  • Coordination between the partners involved (initiators, law firms, tax advisors, auditors)
  • Ongoing monitoring and implementation of regulatory requirements for the products
  • Preparation of notification documents for notification in target countries (EU +
    CH/UK)
  • Notification through the EU passport of HAFS (notification and pre-marketing notification)
  • Notifications are applied for through the CSSF from the supervisory authorities of the desired countries of distribution ("regulator-to-regulator procedure")
  • Clarification of additional, local requirements (paying agents, representatives, service providers)
  • Coordination of any payment of registration fees for the local regulator of the
    target country and preparation of proof of payment
  • Preliminary review of marketing documents
  • Know Your Asset - Initial and ongoing AML/CFT checks of the funds' assets in accordance with applicable AML/CFT laws and regulations
  • Know Your Customer - Initial and ongoing AML/CFT checks of the funds' business partners in accordance with applicable AML/CFT laws and regulations
  • Regulatory compliant selection & monitoring of delegates in the context of due diligence & outsourcing controlling activities (e.g. portfolio managers, distribution partners)
  • Initial and ongoing due diligence of business partners (e.g. investment advisors)
  • Reporting to all relevant bodies (AIFM Executive Board, RC, Boards)
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