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The following are key components comprising a Private Fund
The Investor who is the owner and titleholder to the assets owned by the fund. The investor is consistently kept informed by the investment management company and the investor will examine to ensure information provided by the investment management company is proper.
An Investment Management Company is a securities company licensed by the Ministry of Finance, possessing qualified staff and operating procedures to mitigate conflict of interests. The investment management company manages the Private Fund in accordance with the investment policy jointly established with the investor. It prepares reporting disclosure on a monthly basis and ensures the investment process is effective.
A Fund Trustee safekeeps the assets belonging to the accounts of the Private Fund. It is a financial institution that has the qualifications established by the SEC and is not associated with the investment management company.
A Private Fund Auditor, having the necessary regulatory requirements, may audit and review the fund's accounts and documents, if the client requires.
The Association of Investment Management Companies, in which every investment management company is a member, establishes the standards and best practices for the fund management industry.
The Securities and Exchange Commission is a government agency established by the Securities and Exchange Act B.E. 2535 (1992) that lays out policies, regulations, guidelines and principles in its role to supervise and regulate the securities industry and its participants.
Marketing Representatives service the Private Fund account belonging to each client, supplying information to the client and liaising with the investment management company. A Marketing Representative provides consultation and advice that is directly applicable to the client for the level of risk acceptable to the client.
Fund Operations prepare reports submitted to the Private Fund client on a monthly basis (or as required by the client), which provides details regarding net asset values, fund performance, investment conditions, portfolio holdings, and transaction details, so that the client will be fully informed of the fund's progress.
Portfolio Managers monitor the economy, investment climate, and formulate investment strategies for the fund, and reports on the past performance of the portfolio.
