Disclaimer
This document was created by Alphea Fund SPC and all rights thereto are owned and reserved by Alphea Fund. This strictly
private and confidential document was prepared exclusively for information purposes only and for discussion with the Investor.
The document does not constitute an offer or solicitation with respect to the purchase or sale of any, asset, security or direct
investments and neither this presentation nor anything contained herein shall form the basis of or be relied upon in connection
with any contract or commitment whatsoever by an investor.
The following document was prepared primarily to aid “strictly confidential, in-person” presentation to certain sophisticated investors.
Hence, this presentation is incomplete without reference to – and should be viewed solely in conjunction with–the oral briefing
provided by Alphea Fund.
While all reasonable care has been taken to ensure that the facts stated herein are accurate and that the opinions contained herein are
fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the
proprietary investment opportunity described herein. Any opinions expressed in this document are subject to change without
notice and neither Alphea Fund nor any other person is under any obligation to update or keep current the information contained
herein. With the given information no representation, undertaking, promise or warranty, express or implied, is or will be made, or
given as to, and no responsibility or liability is or will be accepted by Alphea Fund, its respective directors, officers, agents or
employees.
This presentation may contain forward-looking statements, which include all matters that are not historical facts. By their nature,
forward- looking statements involve risks and uncertainties, because they relate to events and depend on circumstances that may
or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that
actual financial condition, results of operations and cash flows, and the development of the relevant industry, may differ materially
from those made in or suggested by forward-looking statements contained in this presentation. No obligation is assumed to
update any forward-looking statements.
This presentation and its content is confidential and of proprietary nature and may not be reproduced or redistributed outside the
recipient's organisation or publicised in whole or in part for any purpose without the express written consent of Alphea Fund. This
document must not be distributed to the press or any media organization. By accepting this presentation, the recipient agrees to
be bound by all the limitations stated herein.
Alphea Fund shall not be liable for any damages that have been caused by or in connection with this document according to the
applicable law. Alphea Fund is not responsible for and disclaim any liability for any indirect, incidental, consequential and special
damages, that have been caused by or in connection with the use of this presentation. No right or entitlement to an
implementation of the presentation or the concepts presented herein arises from this presentation.
Alphea Overview
Tavira Monaco SAM
Monaco Based Investment Manager of
Alphea Fund SPC
Directors
•Eliot Goodfellow
•Patrick Fietje
•CTS Management
Ltd.
Alphea Fund SPC
BVI Located Segregated Portfolio Company
Sub-Funds
Systematic Trading Fund
Dockview Fund
Special Sits Fund
Trading, Clearing and
Custodian Services
Tavira Securities Ltd.
FSA Regulated London Based
Brokerage
Business Structure Chart
Tavira Monaco SAM
Monaco Based Investment Manager
of Alphea Fund SPC
Execution:
Tavira Securities
Auditor:
KPMG N.V.
Prime Broker:
Morgan Stanley Int.
Systematic Trading Fund Ltd
(BVI)
Additional Segregated
Portfolio Cell (BVI)
Administrator:
Circle Partners N.V.
Depositary Bank:
ABN Amro Guernsey
Price and Costing
Segregated Portfolio Company Cell Set-Up/ Cost estimates (assuming launch under USD5-10mln)
Legal Fees
Current Alphea Costs
Set Up USD
Running USD
11,000
2,600
Legal Disbursements
BVI Fees
4,000
Admin Fees
15,000
Admin Disbursements
(10% Admin Fees)
Initial Set Up Fee
Audit Fees
11,000
Total Annual Cost
(Year 1 Only)
15,000
Set Up Costs Only
15,000
28,600 or EUR 22,000
Tavira Hedge Fund Platform
Combined with Tavira Monaco’s specialist
prime broking capabilities, in house trading
facilities and Monaco’s beneficial tax
structure HF’s can launch with a much
lower AUM of USD 10 million vs. USD 70
million in the UK and still running a viable
business.
Tavira Monaco SAM (TM) proposes to redomicile non Monegasque Alternative
Investment Vehicles (AIVs) under its
authorisation in the Principality of Monaco
Proposal
Ultimately, re-direction of positive cash flow
maybe made from TM to the jurisdiction
directed from AIV.
AIVs may have optimal flexibility by
retaining marketing, sales and support
functions in the jurisdiction of their choice.
However, investment cash flows must be
directed in the first instance via Monaco.
Tavira Hedge Fund Platform
Structure
AIV staff may retain in the jurisdiction of their choice
under an investment Advisor/sub-advisor structure.
AIV staff receive Monaco residency by being employed by
TM
Under either structure, profits can be directed to remain
in Monaco or re-directed to a jurisdiction of the AIV’s
choice.
Tavira Hedge Fund Platform
Why do you need a Specialist Prime Broker?
 Setting up an asset management company is complex and has many moving
parts. There are many requirements of incorporation, legal and regulatory
procedures, fund set up, investment strategy determination, trading and
settlement. All the elements of this set up need careful co-ordination and are
fully supported by Tavira Monaco.
88 Wood Street
London EC2V 7DA
United Kingdom
Le Montaigne
6 Bd Des Moulins
98000 Monaco
Rodus Building, 4th floor
P.O. Box 4064
VG 1110
British Virgin Islands