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NAM Umbrella Fund (IRSH)

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Monday 17 July, 2017

NAM Umbrella Fund

Changes to the Fund

RNS Number : 2774L
NAM Umbrella Fund
17 July 2017
 

STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                                               17 July 2017

 

NAM UMBRELLA FUND

 (the "Fund")

 

                                                                Re: Changes to the Fund

 

The Directors of the current manager of the Fund wish to announce the following changes to the Fund.

 

Change of Manager:

 

On 14 July 2017 (the "Effective Date"), Japan Fund Management (Luxembourg) S.A. (the "Manager") will be replacing State Street AIF Management Company (Ireland) Limited (the "Retiring Manager") as manager of the Fund. The Manager was incorporated in Luxembourg as a société anonyme under the laws of the Grand-Duchy of Luxembourg by notarial deed dated 28th of January 1994. The Manager's principal business is the administration and management of investment funds and mutual funds and the Manager was authorised by the CSSF as an alternative investment fund manager on 1st July, 2014.

 

The Manager was previously appointed as AIFM to the Fund and will extend this service from the Effective Date to assume the duties of the Retiring Manager in respect of the Fund. 

 

The change of manager will take effect on the Effective Date, pursuant to a trust deed to be entered into between the Manager and the trustee of the Fund whereby the Manager will act under the same terms and conditions as the Retiring Manager.

 

 

The Directors of the Manager are Mr. Hiroshi Kageyama, Mr. Toshitaka Suzuki, Mr. Pierre Goes

and Mr. Michihito Ide.

 

 

None of the Directors of the Manager have had any convictions in relation to indictable offences, been involved in any bankruptcies, individual voluntary arrangements, receiverships, compulsory liquidations, creditors voluntary liquidations, administrations, company or partnership voluntary arrangements, any composition or arrangements with its creditors generally or any class of its creditors of any company where they were a director or partner with an executive function, nor have had any public criticisms by statutory or regulatory authorities (including recognised professional bodies) nor has any director ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company.

 

 

Changes to Fees:

 

With effect from the Effective Date, the maximum combined Administrator fee and Manager fee (which shall include the existing AIFM fee) shall not exceed the current maximum combined Administrator fee, Manager fee and AIFM fee.

 

Enquiries to;

 

Dillon Eustace

Fionnán Gannon

+353 1 6731867

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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