Foreign Asset Management Expertise (FAME) is a global mutual fund platform providing established Investment Managers/Advisors with an innovative turn-key solution on how to launch new funds in Bermuda.
FAME provides the services required to support Investment Managers/Advisors pursuing International business development so that they can focus their time and resources on their Investment strategies in order to build a successful track record.
The key benefits of the FAME Platforms for Investment Managers/Advisors are:
1. Cost effective
One of the principal benefits of the FAME Platform offering is that we have negotiated highly competitive rates with the service providers due to the volume of business which they receive from the FAME platform and these cost savings have been passed on to you.
2. Time-efficient
The FAME Platforms is already authorized as Mutual Funds and segregated account/ portfolio companies in Bermuda and there are no significant additional licensing requirements in this jurisdiction to be obtained prior to Sub-fund launch. Time to launch can be within 25 days.
3. Access to experienced service providers
FAME has established relationships with globally recognized service providers & respected professional advisers; we will guide you through the whole process covering all Legal aspects, Fund administration, Prime Brokerage and Domicile, making the process effortless for you.
| Set-up Fees | $25’000 to $100’000 USD |
| Apex Administration Agreement Draft Custodian or Prime Broker Agreement Draft FAME Investment Advisory Agreement Draft | |
| Sub-fund Bank account opening procedures Bermuda Monetary Authority (BMA) Sub-fund approval request Bermuda Stock Exchange International Security Investment Number request | |
| Annual Ongoing Fees | |
| Auditing | $5’000 to $25’000 USD |
| FATCA reporting | $2’000 + 40$ per Investor |
| Apex Fund Services Administration fees | 0.10% (10 basis points) per annum subject to a minimum (to be discussed) |