ESG in a service ManCo


What is ESG?
ESG (environment, social, governance) risks is concept that include various sustainability factors, those related to overall climate change impacts mitigation and adaptation, environmental management practices and resilient duty of care, working and safety condition, respect for human rights, anti-bribery and corruption practices, and compliance to relevant laws and regulations.
The ESG criteria for some time already have become the standard for evaluating sustainable investments. These will allow public and investors to determine whether companies systematically evaluate risks and opportunities from an environmental, social, and governance standpoint.
When combined with a classic financial analysis and due diligence process which is inherently embedded in investing process, these factors can be used to better estimate future performance and risks of the investments on one hand, and on the other hand investors can strategically design their portfolio in accordance with their personal values, goals and sustainability improvement. 
Environmental
Environmental criteria include aspects of a company's resource and energy consumption, pollution standards and/or emissions. This also includes the evaluation of potential environmental risks that the company is facing on a daily business basis, potential effects of existing and new environmental laws and regulations and how they will handle these risks. 
Social
Social criteria are concerned with the values that are defined within a company, for its treatment of stakeholders including employees, clients, subcontractors, and overall community. It can range for obeying and compliance with employment laws to actively enforcing sustainability standards with all of its stakeholders. 
Governance
Especially with recent scandals and business failures, governance criteria are used to evaluate companies in terms of their management and control structures, business ethics, and transparency of their corporate policies. This includes how they respond to whistleblowers, or management's attitude toward shareholder codetermination.


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ESG in a service ManCo: What is ESG? Why ESG?

With SDG 6, the United Nations aims to ensure clean water and sanitation in all countries of the world by 2030. The focus is on improving water quality, in particular reducing the pollution of groundwater and drinking water by hazardous chemicals from production processes in industry and agriculture. Water bodies are to be protected and restored as natural ecosystems because species loss in rivers, lakes, and wetlands is increasing much faster on land than in the sea. Large parts of the world's population do not have permanent access to clean drinking water but, more importantly, still do not have access to clean toilets whose wastewater can be treated and disposed of safely. So not only is there a lack of clean drinking water, but it is also too polluted.
For this reason, efforts have been made for many years by international organizations to make the high investment requirements in infrastructure and water technologies more attractive to institutional investors by providing appropriate investment opportunities. But what exactly does "water investments" mean, and what is meant by the various investment strategies and implementation methods?

... More: https://www.linkedin.com/pulse/water-investments-suitable-asset-class-investors-zoe-peffer/

With a global presence and local offices, XOLARIS AG can support institutional investors in these issues as well as in the implementation of an investment policy across the entire spectrum of alternative investments. With a network of asset managers and external advisors, we can develop suitable investment strategies with custom-fit fund structures that meet the respective regulatory and tax requirements of the investors. 

About the XOLARIS Group
Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes Private Equity, Real Estate, Renewable Energy and Shipping. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.”

Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments.

As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors.

Author Bio:
Ernesto Burzić has 25 years of experience in financial markets. He started his career in fund structuring and administration in 1999 with Universal-Investment in Frankfurt. As Sales Director he was responsible for the acquisition of asset managers and institutional investors for the entire range of Master-KVG and fund administration services. 

In 2007 he joined HSH Nordbank´s asset management unit in Luxembourg for the distribution of alternative investments. 

After holding further sales positions in Luxembourg in fund administration and fund services, Ernesto returned to Germany in 2014 as Senior Sales Manager with Munich based asset manager BayernInvest, the subsidiary of Bayerische Landesbank. 

In March 2021 he became Head of Sales at XOLARIS AG in order to expand its business with institutional investors and asset managers. 

Ernesto holds an MBA in Financial Management from City University of Seattle. He studied at the University of Tübingen and also holds a vocational business diploma.

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Water investments - a suitable asset class for institutional investors?

Xolaris-Chef Stefan Klaile goes Liechtenstein,
Xolaris-Chef Stefan Klaile über die Möglichkeiten einer Service-KVG nach Liechtensteiner Recht"  Chefredakteur: Der Fondsbrief, Markus Gotzi

Lesen Sie jetzt das komplette Interview:
https://www.rohmert-medien.de/wp-content/uploads/2021/02/Der-Fondsbrief-Nr-378.pdf

"Im November 2020 hat die Finanzmarktaufsicht Liechtenstein der XOLARIS Capital AG, Vaduz die Zulassung als AIFM erteilt. Damit wächst die XOLARIS als White Lable ManCo Plattform auch international weiter. In Liechtenstein liegt der Fokus auf dem Bereich der Real Assets wobei die Möglichkeit besteht auch Financial Assets zu strukturieren."

_______________________

Die XOLARIS Gruppe:
Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“

Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments. 

Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren.

Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. https://www.linkedin.com/company/xolarisgroup
www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz

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Xolaris-Chef Stefan Klaile über die Möglichkeiten einer Service-KVG nach Liechtensteiner Recht

International Shipping Market, Harald Piper, Portfoliomanager

"Weltwirtschaft, Welthandel und Schifffahrt 
Die Entwicklung von Weltwirtschaft, Welthandel und der weltweiten Handelsschifffahrt sind eng miteinander verbunden. Weltweite wirtschaftliche Verflechtungen und vor allem die Verteilung der Produktions- und Fertigungsstandorte über alle Kontinente machen die Schifffahrt zu einem wesentlichen Element der globalen Handelsströme. Die Bedeutung des Seehandels ist vor allem aufgrund der relativ geringen Frachtkosten gestiegen. Rohstoffe, halbfertige und fertige Produkte müssen möglichst schnell und preisgünstig zwischen Produktionsstätten und Absatzmärkten in aller Welt transportiert werden. 
Wasser ist heutzutage der leistungsfähigste Transportweg. Zwischen 95 und 98% des interkontinentalen Warenverkehrs findet deshalb bereits auf dem den Seeweg statt. Je nach Ladung werden dafür Containerschiffe, Tankerschiffe oder Bulker, also Massengutschiffe, eingesetzt. Schließlich erfreut sich auch die Tourismusbranche einer stetig steigenden Nachfrage in der Kreuzfahrtbranche. 
Nachdem im Frühjahr 2020 die weltweite Logistik im Zuge der Corona-Pandemie nahezu vollständig zusammengebrochen war – das Weltwirtschaftswachstum brach binnen kürzester Zeit von einem durchschnittlichen jährlichen Wachstum von rd. 5% kurzfristig auf einen Tiefstwert von unter 0% ein – setzte in der 2. Jahreshälfte bereits wieder eine starke Erholung ein. Die Nachfrage nach Ladungsvolumina hat gut neun Monate später wieder nahezu das Niveau vor der Krise erreicht und die Frachtkosten steigen rapide an, die Handelsschifffahrt läuft auf Hochtouren wie seit langem nicht."

Die XOLARIS Gruppe:
Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label - Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: "Investment Quality - Made with Passion."

Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments.

Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren.

HERZLICH WILLKOMMEN ZU DEN ERSTEN XOLARIS SACHWERTETAGEN
Am 6. und 7. Juli 2021 erhalten Sie von uns einen umfassenden Überblick zu den aktuellsten und gefragtesten Themen im Sachwertebereich. Nutzen Sie diese einmalige Gelegenheit, um mehr über Strategien, Aufgaben und Funktionen der Unternehmen rund um geschlossene AIFs zu erfahren.

Auch wenn wir Sie gerne persönlich kennenlernen möchten, ist aufgeschoben ja nicht aufgehoben und wir stehen Ihnen jederzeit gerne für Fragen und Anregungen zur Verfügung.

https://sachwertetage.xol-group.com/21

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International Shipping Market, Harald Piper, Portfoliomanager

The XOLARIS Group continues to grow and is expanding its presence to include France and Luxembourg, with more countries to follow. 

The XOLARIS Group has been consistently growing into an international structuring platform for real assets. Its Paris office was opened on 1 May 2021. The number of countries in which structuring and fund management services for AIFs can be offered has been expanded to include France and Luxembourg. Countries such as Austria, the Netherlands and Cyprus are to follow in the next few months. "Our growth shows that there is increasing demand for our "Private Label Platform” service offering; this is in addition to our current core countries of Germany and Liechtenstein, and also France and Luxembourg. It is not so much that we are offering our clients the benefits of Luxembourg as a location on its own; rather, they appreciate the fact that, in our discussions with them, we are able to offer solutions across a range of countries; and so, could potentially become a central point of contact as regards their requirements in international real asset structuring and fund management. “We will continue to pursue this path in a steady fashion”, says Stefan Klaile, a member of the XOLARIS AG Board of Directors.
____
The XOLARIS Group will continue to expand its focus as an international AIFM service for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapore, we are already able to offer our customers individual structuring solutions. True to our motto “Made with Passion”, we take the time to understand the needs of our customers and implement them in individual structuring solutions. Thanks to our integrated approach from structuring to liquidation, we can also take into account all of our customers' wishes in administration and fund accounting.

We support sales partners and investors with our “Sunrise Capital” brand. She serves as an interface between the AIFM and our customers and is the contact person for all questions relating to sales.
___

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XOLARIS grows into France and Luxembourg

XOLARIS is now in its eleventh year of existence. Having started as a classic back-office outsourcer based in Constance, we have now developed into an international structuring and fund management platform for real assets, with offices in Liechtenstein, Germany, France, Singapore and Hong Kong. 
In this regard, our growth is consistently breaking new ground. 
When we made the decision to set up KVG, an independent service, in 2014, many people agreed that there would be no market for this service. 
Today, the ManCo market is one of the fastest growing markets. Expansion into Asia in 2018 laid the foundations for internationalisation, which, in the capacity of first foreign market participant, reached another milestone in 2020, with relocation of the holding company to Liechtenstein and acquisition of the AIFM licence. As the next AIFM location, Paris is the logical next step of the XOLARIS Group's success story.

In this context, it was and is always important to us that we remain true to our roots in the real asset business. We will continue to maintain this focus as we move towards becoming a global real asset investment group.

With our new CI, we want to break new ground in this area. The first edition of Market News as well as our podcasts, constitute another step in the development of the Group.

I would like to take this opportunity to thank all my colleagues, without whose great work the success of XOLARIS would not have been possible.

I hope you like our new format as well. Even so, we are open to suggestions and criticism and look forward to your feedback.

___

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XOLARIS Market News N01 - Foreword

Stefan Klaile

Stefan Klaile founded the XOLARIS Group in 2010. Prior to that, he gained more than 20 years of experience in the field of liquid and illiquid financial products. Since 2010 he has been managing alternative investment products for third 
parties with the XOLARIS Group. 

In 2013, he founded the XOLARIS Service Capital AIFM in Munich as an independent Master AIFM. Since 2016 he has been chairman of the supervisory Board of ADREALIS Service KVG (AIFM), Munich, and since 2019 Chairman of the Board of XOLARIS AG Liechtenstein, Hong Kong.

Kai Renning

Kai S. Renning joined the XOLARIS Group in 2014 and has been co-responsible for the development and market positioning of the scope of services of an external Service Alternative Investment Fund Manager (“Master AIFM”). 

Furthermore Mr. Renning is Managing Director of the Liechtenstein based AIFM and responsible for the Portfolio Management. Prior to that, he gained more than 10 years of experiences in the international banking and finance industry as well as in the field of liquid and illiquid financial products.

XOLARIS Market News N01 - The XOLARIS Group Management

Interview with Christian Minkus

As regards the future, it is important for us to 
respond to the wishes and concerns of financial 
intermediaries and to find joint solutions


Christian Minkus, Head of the Legal Section Securities und Markets Division
FMA, Financial Market Authority Liechtenstein

Dear Mr Minkus,

Even before the AIFMD was introduced, the Principality of Liechtenstein implemented the Directive in 2012. An article in the journal ZBB 2014, 22ff stated " ...the Principality of Liechtenstein is included because this EEA state has wrested the traditional role of "first mover...." from Luxembourg; it did this by adopting it in full in December 2012."

At XOLARIS, we are familiar with the issue of first movers and the associated risks. What motivated the FMA to take this step ahead of any other European country and in this way put Liechtenstein very clearly on the map?


Liechtenstein has close economic and social ties with its neighbours. It also was and, therefore, continues to be a concern that mutual market access should be made possible. As a member of the European Economic Area, Liechtenstein is also required to implement the European financial market regulatory regime into national law. The rapid, consistent and market-driven implementation of strategic EU regulations, such as the AIFMD Directive, creates certain competitive advantages and this precisely in sectors where markets are only just opening up. As a small country, Liechtenstein uses its inherent advantage of short distances. It is a very agile and innovative country and its fund centre strategy is a successful one.

more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
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XOLARIS Market News N01 - Interview with Christian Minkus, FMA

Market Overview – Liechtenstein

The Place for Setting-Up an Alternative 
Investment Fund ("AIF")

Kai Renning, Managing Director, XOLARIS Capital AG, Liechtenstein

Liechtenstein, which has been a member of the European Economic Area (EEA) since 1995, has 
fully implemented the European   directives for UCITS and AIFM at national level; it has done so in its legislation on specific undertakings for collective investment in transferable securities (UCITSG) and on alternative investment fund managers (AIFMG). Liechtenstein funds, their 
providers and their managers are thus subject to exactly the same requirements at European level in the form of rights and obligations as those in EU member states and other EEA states. This includes 
restrictions on constitutive documentation, as well as equal participation in the European internal 
market via passporting. Investors, in turn, enjoy the same regulatory protection in all countries that have signed up to the European AIFM Directive.

The OECD has also been giving Liechtenstein high marks in its country assessments since 2015. 
Liechtenstein now has the same rating as Germany, 
for example, and takes effective action against tax fraud and tax evasion. Liechtenstein also 
committed to the OECD's AEOI standard (exchange of certain information on financial accounts in tax matters) back in 2014. Liechtenstein's AEOI now covers well over 100 countries, including EU 
member states. Here too, Liechtenstein ensures more tax transparency for foreign investors.

In addition to any legal and fiscal parameters, the Principality of Liechtenstein offers other advantages with significant added value when compared to other EEA member states; especially when it comes to the practical implementation of planned
 financing structures. In this context, the Liechtenstein 
Financial Market Authority ("FMA") deserves special mention, as it distinguishes itself through its highly specific practical knowledge and experience, both in terms of the market as well as in terms of investors and products. In general, the deadlines set for regulatory investigations are also significantly undercut; and this, which creates a high 
degree of certainty for planning purposes for product suppliers and regulatory authority stakeholders.

The Liechtenstein Investment Fund Association ("LAFV") should also be cited. This organization was not created just to market Liechtenstein as a fund location, but rather to gather together the interests of market participants and to represent them to regulators and other equivalent protagonists. One helpful example of the usefulness of how useful synergies can be is, without doubt, the standardization constituent documentation, which has led to a significant reduction in costs and effort associated with the design of new financing projects. In addition, the LAFV also acts as a publication body for all investment fund structures in the country, thereby ensuring maximum transparency.

more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
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XOLARIS Market News N01 – MARKET OVERVIEW  Liechtenstein

Market Overview – Germany


As a business location, Germany is in better shape than you might expect after the pandemic year of  2020. Is this a new German summer fairytale?


Hendrik Böhrnsen, Managing Director, ADREALIS Service Kapitalverwaltungs-GmbH, Munich


One year on, the current situation in Germany is still being dictated by COVID-19, however. Just a few months ago there was considerable optimism that the second wave of the virus would sweep through Germany and that the economy would continue to recover rapidly from the consequences of the pandemic. Germany’s gross domestic product (GDP) bounced back up in the summer of 2020, while the country was even described then as Europe’s engine of growth. However, since November 2020, a renewed shut-down has been slowing the economy once again, with economic output stagnating after a major increase of 8.5 per cent in the third quarter. For 2020, the year of Covid-19, the overall slump in economic output was 5.5 per cent, which is slightly lower than during the global financial crisis of 2009. 

In December 2020, it was assumed that the infection control measures in place since November would remain in effect unchanged until March 2021 and thus, that economic output would also decline in the first quarter of 2021; thereby meeting the requirements for a "technical" recession. Price-adjusted GDP is expected to fall by 0.7 per cent quarter-on-quarter in the first quarter of 2021, while economic output is expected to be a good 4 per cent below the pre-crisis level overall, by the end of the first quarter of 2021. 


Even though we have now moved almost seamlessly from the second wave to the third wave of the virus and even though infection control measures have been extended until at least the middle of April 2021, we can still expect economic output to recover by a projected three per cent over the rest of 2021. In 2022, the recovery will continue, although its tempo will decrease significantly over the previous year. On average for the year, economic output should then increase by 2.5%. Germany’s strength as a business location was demonstrated in the summer of 2020, when the economy grew by 8.5 percent; as well as by its recovery after the global financial crisis of 2009. However, this time round, the recovery will be more difficult and not as straightforward as after the global financial crisis of 2009. Unless the pandemic is now contained effectively, any economic recovery will not be sustainable. This is all the more true, since coronavirus mutations are now spreading; and these  are more contagious and increase the risk of infection. 

The recovery is also expected to be very uneven, as sectors of the economy were hit by the Covid-19 pandemic to differing degrees. Industry was able to increase production further in December, despite tighter lockdown measures. One pillar of this has been construction, especially housing construction. In addition, demand for logistics real estate is likely to remain high, due to booming online trading.

more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
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XOLARIS Market News N01 - Market Overview – Germany

Market Overview – France

French investment funds market is larger than 
UK and very promising for Real Estate Funds

Volodymyr Andrianov, XOLARIS Capital AG, Liechtenstein


France is the 4th largest investment funds market in Europe (after respectively Luxembourg, Ireland and Germany), holding over 11% of the European total funds’ assets amounting up to over 1.900. trln. euro (out of total 17,5 trln. euro of funds 
assets in Europe). And on the AIF´s market, France is the second largest in Europe, after Germany. From total number of French funds (around 11 000), 
almost 70% are focused on alternative assets. Also on asset size, the share of alternative fund assets overweight the UCITS assets almost by half (1.150 bln. against 800 bln.). In terms of AIF assets, French AIF market is almost 3 times higher than UK (over 1.143 trln. in France against 439 bln. in UK). While traditionally the share of liquid assets had always been substantially higher on average across Europe. 

However, the majority of the institutional investors in France still rely on discretionary mandates, 
making it second largest asset management market in Europe in terms of assets size. Equally, it holds second place in Europe in terms of number of assets management companies located in country (633 in France out of 4 539 for the whole 
Europe in 2018). At the same time the role of funds management companies evidenced some growth trend on the French market in the last few years making more and more asset holders to entrust it´s investment to fund’s management structures making this market attractive for the new entries by independent third party AIFM service providers. 

The AIFM´s represent strong advantages for passive investors, comparing to traditional discretionary mandates, due to strictly regulated operation policies and procedures, personal liability of its’ core officers, existing multiple lines of defense of investor interests and enhanced standards independence protection in their decisions to the benefit of investors. The AIFM´s themselves being placed under very strict direct supervision of financial market regulating authority (which is Autorite des Marches Financiers in France) 
focused on preservation of investor rights protection and stability of the financial market infrastructure. 

more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01

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XOLARIS Market News N01  - Market Overview – France

AIFMs are faced by a lot of regulatory changes in respect of risk management.
Lates development was the introduction of ESG criteria as a new risk factor. which leads to significant changes in the whole set-up of an organization and in daily operations.


Both real estate and private equity fund managers are concerned about the burden laid down to them as far as risk management is concerned. This was performed more or less with the help of a portfolio management system but without processes and procedures in place to fulfill regulatory requirements in full.

With the requirement for AIFMs to implement a functionally and hierarchically independent risk management function and setting up a documented risk management process, RE and PE fund managers have to familiarize themselves with a new operating model. In order to be independent of the risk-management function, specific safeguards have to be established. Senior Management must be composed adequately as well as the board, remuneration committee, and conflicts of interest policy. As an example, the oversight of risk management cannot be performed by the conducting officer in charge of portfolio management. Similarly, remuneration for personnel in control functions has to be separated from that of employees in operational units. The precondition for an AIFMD-compliant risk-management function is thus the implementation of an 
according to organizational and governance structure. 
The result is a huge challenge for current and prospective fund managers because all current processes and structures must be reviewed and – where necessary- replaced by appropriate procedures. Another difficulty is to find well-trained and experienced staff in order to be able to perform all risk management tasks properly because the job specification of a risk manager has changed dramatically during past years and the labor market for these specialists isn`t that big.

Another item in respect of performing risk management according to regulatory requirements is the question of which risk management software to use. This is dependent of the kind of funds an AIFM is administering and the risk management policy as well as measurement and management tools. The key obligations set out in the AIFMD and its delegated regulation (Level 2) are to identify, document, measure and monitor all risks that are relevant for each of its AIFs and the AIFM itself with adequate frequency. Risks that have to be monitored generally include market, credit, liquidity, counterparty, operational and ESG risks.


AIFMs must have a clear idea of the meaning and implications of risks for each AIF they administer. Therefore a stringent risk management framework has to be established allowing to monitor different fund types and associated risks and to set up risk limits. Once breached a predefined escalation process has to be followed. As an 
example, market risk for a RE fund may be defined along the lines of investment market and micro-location developments, whereas for a PE fund investing in companies producing goods it may rather relate to developments within target customer groups or competitor movements.

more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
___

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www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz

Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

Press Contact: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Market News N01 - XOLARIS Capital AG as Risk Manager,  XOLARIS Capital AG

XOLARIS se développe en France et au Luxembourg

Le Groupe XOLARIS continue de croître et étend sa présence à la France et au Luxembourg, avec d’autres pays à suivre.

Le Groupe XOLARIS n’a cessé de se développer pour former une plateforme de structuration internationale d’actifs réels. Son bureau de Paris a été ouvert le 1er mai 2021.  

Le nombre de pays dans lesquels des services de structuration et de gestion de fonds pour les FIA peuvent être offerts a été élargi à la France et au Luxembourg. Des pays comme l’Autriche, les Pays-Bas et Chypre suivront dans les prochains mois.

" Notre croissance montre qu'il y a une demande croissante pour notre offre de services de " plateforme de marque privée " ; cela s'ajoute à nos pays centraux actuels, l'Allemagne et le Liechtenstein, ainsi qu'à la France et au Luxembourg. Ce n'est pas tant que nous offrons à nos clients les avantages du Luxembourg en tant que lieu à part entière ; ils apprécient plutôt le fait que, dans nos discussions avec eux, nous sommes en mesure d'offrir des solutions dans un éventail de pays; et ainsi, pourrait potentiellement devenir un point de contact central en ce qui concerne leurs exigences en matière de structuration internationale d'actifs réels et de gestion de fonds. " Nous continuerons à poursuivre sur cette voie de manière constante ", déclare Stefan Klaile, membre du conseil d'administration de XOLARIS AG.

Le groupe XOLARIS continuera à élargir son orientation en tant que service de gestionnaire de fonds alternatifs internationaux pour les actifs réels. Avec des sites en Allemagne, au Liechtenstein, en France, à Hong Kong et à Singapour, nous sommes déjà en mesure de proposer à nos clients des solutions de structuration dédiées. Fidèle à notre devise "Made with Passion", nous prenons le temps de comprendre les besoins de nos clients et de les mettre en oeuvre dans des solutions de structuration personnalisées. Grâce à notre approche intégrée, de la structuration à la liquidation des fonds, nous sommes également en mesure de prendre en compte tous les souhaits de nos clients en matière d'administration ou de comptabilité des fonds.

Avec notre marque "Sunrise Capital", nous soutenons les partenaires de distribution et les investisseurs. Elle sert d'interface entre l'AIFM et nos clients et est le point de contact pour toutes les questions relatives aux ventes.

XOLARIS se développe en France et au Luxembourg

An initial  approach to this can be obtained from the type of product assortment available. Below, we look at both the food sector (including related products) and the non-food sector.
When it comes to distribution channels, a basic distinction can be drawn between stationary retail and online retail, whereby stationary retail can be broken down in turn into "shopping malls", 
"specialist retail centres" and inner-city retail.

The retail trade ensures that the population is supplied with its basic needs. In this regard, any changes taking place in this sector are an issue of crucial importance in relation to the its socio-
economic structure, as they are accompanied by corresponding alterations in lifestyle and the ways people organise their lives.

In the last 20 years, for example, it has become clear that "department stores" as a concept are increasingly just the "shopping temples" of a bygone era, they are virtually  obsolete. In Germany first and foremost, the demise of Karstadt comes to mind. Changes in buying and demand behaviour have largely led to the "department stores'" becoming increasingly irrelevant, and this process has been accompanied by numerous individual store closures.
Online trading in clothing, computers, electronic articles and here, sales figures have been increasing for years. Top of the list in terms of online sales is clothing, at almost 9 billion euros, followed by computers and software at around 6 billion euros,  and other retail at  4 billion euros.

More: https://en.blog.xol-group.com/retail-in-transition


XOLARIS is now in its eleventh year of existence. Having started as a classic back-office outsourcer based in Constance, we have now developed into an international structuring and fund management platform for real assets, with offices in Liechtenstein, Germany, France, Singapore and Hong Kong.
In this regard, our growth is consistently breaking new ground.
When we made the decision to set up KVG, an independent service, in 2014, many people agreed that there would be no market for this service.
Today, the ManCo market is one of the fastest growing markets. Expansion into Asia in 2018 laid the foundations for internationalisation, which, in the capacity of first foreign market participant, reached another milestone in 2020, with relocation of the holding company to Liechtenstein and acquisition of the AIFM licence. As the next AIFM location, Paris is the logical next step of the XOLARIS Group’s success story.

In this context, it was and is always important to us that we remain true to our roots in the real asset business. We will continue to maintain this focus as we move towards becoming a global real asset investment group.

With our new CI, we want to break new ground in this area. The first edition of Market News as well as our podcasts, constitute another step in the development of the Group.

I would like to take this opportunity to thank all my colleagues, without whose great work the success of XOLARIS would not have been possible.

I hope you like our new format as well. Even so, we are open to suggestions and criticism and look forward to your feedback.

www.xol-group.com
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com
Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group

Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com

Retail in Transition, Any useful examination of the retail trade

Was planen Sie 2022 in Sachen Nachhaltigkeit mit Blick auf Ihr Angebot (neue ESG-Produkte oder Umwidmung bestehender Investments) und das eigene Unternehmen (Anlagerichtlinien, Selbstverpflichtungen, Ausbau des ESG-Teams o.ä.)?

Als führender Anbieter bei Sachwertefonds liegt der Fokus der XOLARIS Gruppe auf Private Label Fonds, welche mit ihren Investitionen die Entwicklung einer sozialen und ökologischen Gesellschaft fördern. Bei Immobilienfonds haben wir Themen wie Pflegeheime, studentisches Wohnen oder Sanierung von Wohnimmobilien konsequent weiterentwickelt. Auch bei Agrikultur, Logistik Equipment oder nachhaltiger Schifffahrt arbeitet die XOLARIS Gruppe mit einer Reihe von externen Spezialisten zusammen. Dabei legen wir Wert auf die tatsächliche Wirkung und den nachhaltigen Nutzen, sowohl für Anleger als für die Gesellschaft als Ganzes.

Planen Sie bestimmte Vertriebsaktionen oder Schulungen, um den Absatz nachhaltiger Investments zu stärken?


Die XOLARIS Gruppe legt großen Wert auf umfassende Produktschulungen für Vertriebspartner und Anlege. Wir bieten eine große Auswahl an Online Formaten, wie regelmäßige Webinare, diverse Fachartikel und Podcasts. Unsere Informationen sind in vielen Formaten bequem verfügbar.

Die XOLARIS Gruppe:
Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“

Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments.

Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren.

Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. www.linkedin.com/company/xolarisgroup
www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz

Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

Pressekontakt: Zoe Peffer | T. +49 7531 584 88-30  | z.peffer@xol-group.com

Nachhaltig mit Sachwertefonds investieren

The aim of this podcast is to introduce investors and decision-makers to the core of the problem of greening. Although complex scientific concepts and regulatory issues are omitted, the final result is not compromised; nevertheless, our HHX-ESLA team is available to provide further information and insight upon request!

Let’s start with the definitions! What is ‘greening’?

The reduction of CO2 is a relative term; is there an agreed benchmark available?

The target is ambitious. How is it possible to achieve greening in shipping?

About the XOLARIS Group

Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes  Renewable Energy, Shipping and Private Equity, Real Estate. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.”

Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments.

As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors.

www.xol-group.com Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group

Press/ Podcast Contact: Zoe Peffer | T. +49 7531 584 88-30  | marketing@xol-group.com

XOLARIS Group and HHX ESLA: Green Shipping

Die Welt hat sichseit dem Jahr 2020 dramatisch verändert. Noch immer sind wir mit einer tödlichen Pandemie konfrontiert, die offenbar wesentlich auf unseren zu sorglosen Umgang mit der natürlichen Umwelt zurückgeht. In Kombination mit der drohenden Klimakrise, wird schmerzlich offensichtlich, dass wir in eine neue politische, soziale und wirtschaftliche Ära eingetreten sind, die zahlreiche Facetten unseres Lebens geändert hat und weitere Bewegung nach sich ziehen wird.

Mit Beginn des Jahres 2021 scheinen sich die Regierungen in den wichtigsten Wirtschaftsregionen darüber bewusst zu sein und sich auf eine umweltbewusstere Ära umgestellt haben. Während Kanada erfahrungsgemäß Entscheidungen in diesen Angelegenheiten deutlich früher als Europa oder die Vereinigten Staaten trifft, stellt der amerikanische Markt unverändert die weltweit größte einheitliche Volkswirtschaft mit anhaltend hohen Konsumausgaben und zu Wachstumsunternehmen passenden Rahmenbedingungen. 

Syracuse Main, Inc. ist eine Investmentgesellschaft, die das Konzept der Schaffung von „Geschäftskolonien“ in Europa und Nordamerika entwickelt, indem sie die Verlagerung vielversprechender kleiner und mittlerer Unternehmen von ihrem Geburtsort auf größere Märkte finanziert. 

Das Gründungsteam von Syracuse Main, Inc. verfügt über jahrzehntelange Erfahrungen in den Bereichen Investment Banking, Unternehmensfinanzierung, Risiko Management, Kapitalbeschaffung sowie Marketing und Werbung in Westeuropa, in den USA und in Südostasien. Diese Erfahrung umfasst sowohl sehr große, börsennotierten multinationalen Unternehmen als auch kleine und mittlere Unternehmen auf drei Kontinenten.

Wir als XOLARIS Gruppe wollen unsere Fonds von der ersten Idee über die Strukturierung, die Fondslaufzeit bis zur Liquidation und Auszahlung der Anleger begleiten. Daher bieten wir in der XOLARIS Gruppe auch nahezu alle Dienstleistungen rund um Sachwertprodukte an:

STRUKTURIERUNG
Wir strukturieren und konzipieren die Produkte nach der nationalen Gesetzgebung, um den optimalen gesetzlichen Rahmen umzusetzen.

RISIKO- UND PORTFOLIOMANAGEMENT
Wir übernehmen das Risiko- und Portfoliomanagement während der gesamten Laufzeit des Fonds.

BACKOFFICE
Wir betreuen die Anleger, erstellen die Buchhaltung und bereiten die Jahresabschlussprüfungen vor.

www.xol-group.com
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com
Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group

Investitionsmöglichkeiten in Nordamerika, Interview mit Hans-Hermann Mindermann, SYRACUSE & XOLARIS

Seit Jahren bietet der Markt für Mehrfamilienhäuser in Stuttgart eine der spannendsten und vielfältigsten Perspektiven für Investoren und Anleger. Der hiesige Immobilienmarkt ist geprägt von einem signifikanten Preisanstieg, politischen Weichenstellungen, der demografischen Entwicklung und zuletzt von der Coronakrise. Stuttgart stellt deutschlandweit trotz Coronakrise einen der attraktivsten Märkte für Mehrfamilienhäuser dar. 
Die Schwäbische Liegenschaften GmbH ist Spezialist für die Revitalisierung von Potenzialimmobilien in Stuttgart und Experte auf dem Gebiet des Stuttgarter Immobilienmarkts. Das Team der Schwäbische Liegenschaften verfügt über ein breites Know-How im Bereich der Immobilienmarktentwicklung, Sanierung und Revitalisierung von Wohngebäuden im Ländle.
___

Die XOLARIS Gruppe:
Die 2010 gegründete XOLARIS Gruppe steht mit ihren AIFM für eine unabhängige White Label – Investmentgesellschaft mit dem Fokus auf Alternative Investmentvermögen (AIF) in den Assetklassen Private Equity, Real Estate, Renewable Energy und Shipping. Mit Hauptsitz in Liechtenstein und Tochtergesellschaften in Deutschland, Frankreich, und Asien kann die die gesamte Wertschöpfungskette von Alternative Investments abgebildet werden getreu ihrem Motto: „Investment Quality – Made with Passion.“

Weitere Einheiten der Gruppe bieten Dienstleistungen von der Beratung zur Auflage, Strukturierung und dem Vertrieb über die Fondsbuchhaltung bis zur Administration Alternativer Investmentvermögen und weiterer Sachwertinvestments.

Als von Produktanbietern rechtlich unabhängiger Dienstleister für die Konzeption, die Verwaltung und das Management Alternativer Kapitalanlagen, versteht sich die XOLARIS Gruppe in Ihrer Gesamtheit als "Enabler" für Initiatoren und Investoren.

Wenn Sie immer über alle aktuellen Entwicklungen bei uns informiert bleiben wollen, folgen Sie doch einfach unserer Seite auf LinkedIn. www.linkedin.com/company/xolarisgroup
www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz

Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

Pressekontakt: Zoe Peffer | +49 7531 584 880 | z.peffer@xol-group.com

Stuttgarter Immobilien: Interview mit Fabian Neshati, Geschäftsführer der Schwäbische Liegenschaften

Strukturierungsqualität – Made with passion
Die XOLARIS Gruppe entwickelt für Ihre Kunden maßgeschneiderte Strukturierungslösungen 

Als ganzheitlich orientierte Service Management Company („ManCo“) ist die XOLARIS Gruppe in der Lage die gesamte Wertschöpfungskette rund um einen AIF abzubilden und für Ihre Kunden maßgeschneiderte Strukturierungs-, Verwaltungs- und Abwicklungsdienstleistungen zu erbringen. Dabei stehen stets die individuellen Bedürfnisse ihrer Kunden und die Evaluierung der optimalen Finanzierungslösung im Vordergrund, stets getreu dem Motto „Investmentquality – Made with passion. 

„Mit unseren Gruppeneigenen Alternativen Investmentfonds Managern („AIFM“) sind wir in der Lage, unseren Kunden eine große Vielzahl an unterschiedlichen Strukturierungsmöglichkeiten anzubieten. Dabei können wir uns innerhalb der europäischen Kernmärkte sowie in ausgewählten Offshore- Jurisdiktionen bewegen und uns zahlreichen Lösungsformen, wie beispielsweise der GmbH & Co. KG, der GP/LP oder der SICAV bedienen. Daneben orientieren wir umfassend über die Möglichkeit der geschlossenen wie auch offenen Ausgestaltung eines Alternativen Investmentfonds. Wir verfolgen damit stets die Absicht Strukturen unter aufsichts-, gesellschafts- sowie steuerrechtlichen Gesichtspunkten zu optimieren.

Über unsere zentralisierte Strukturierungseinheit sehen wir uns als lösungsorientierter Geschäftspartner, dessen zentrale Aufgabe es ist, die jeweilige Strategie bzw. Finanzierungsnotwendigkeit unserer Kunden zu verstehen und diese auf das Konzept und die optimale Struktur der Finanzierungslösung zu adaptieren“, so Kai S. Renning, CIO der XOLARIS Gruppe.

„Neben der reinen Konzeptions- und Strukturierungsleistung wird zudem die zentrale Koordination sämtlicher involvierter Parteien übernommen und somit gewährleistet, dass es zu einem reduzierten Schnittstellenaufwand kommt und wir ein hohes Maß an Sicherheit in der Prozessplanung und Zuverlässigkeit im Prozessablauf erreichen. Aufgrund unseres Private-Label-Ansatzes richtet sich unser Dienstleistungsspektrum damit gleichermaßen an Asset Manager, Wholesaler und Asset Owner“, ergänzt Herr Renning.

Die XOLARIS Gruppe wird ihre Ausrichtung als internationaler Service AIFM für Real Assets weiter ausbauen. Mit den Standorten Deutschland, Liechtenstein, Frankreich, Hong Kong und Singapur sind wir bereits heute in der Lage unseren Kunden individuelle Strukturierungslösungen anbieten zu können. Getreu unserem Motto „Made with Passion“ nehmen wir uns die Zeit die Bedürfnisse unseren Kunden zu verstehen und diese in individuellen Strukturierungslösungen umzusetzen. Durch unseren integrierten Ansatz von der Strukturierung bis zum Liquidation können wir auch in der Administration bzw. Fondsbuchhaltung sämtliche Wünsche unserer Kunden berücksichtigen

Mit unserer Marke „Sunrise Capital“ betreuen wir Vertriebspartner und Investoren. Sie dient als Schnittstelle zwischen dem AIFM und unseren Kunden und ist Ansprechpartner in allen Fragen rund um das Thema Vertrieb.

www.xol-group.com
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com
Newsletter, Podcast, XOLARIS MARKET NEWS: https://linktr.ee/xolaris_group

Die XOLARIS Gruppe entwickelt für Ihre Kunden maßgeschneiderte Strukturierungslösungen

Investieren in Kryptoassets oder eigentlich nur Web 3.0

Als Mitte November 2022 die Kryptobörse FTX insolvent gegangen ist, sprachen nicht wenige vom Untergang des Kryptomarktes. Sogar von solch martialischen Worten wie der „Kernschmelze des Krytomarktes“ war die Rede. Bereits vor als auch nach der FTX Thematik sind immer wieder Unternehmen der sogenannten Kryptobranche in Schieflage geraten und jedes Mal wurde über den Untergang des gesamten Krytomarktes spekuliert.
Dabei wird seit geraumer Zeit der Begriff Kryptoasset oder Blockchain nahezu für alles verwendet was sich a.) trendy und sexy anhören soll und b.) nicht in die klassischen Assetklassen einordnen lässt.
Umso wichtiger ist es, dass man sich sehr intensiv mit der Thematik als mögliche Anlageform beschäftigt. Grundsätzlich kann in 3 unterschiedliche Arten unterschieden werden:
Direktinvestment in Kryptocoins wie Bitcoin, Etherium etc. unter Verwendung klassischer Investmentstrategien wie Buy and Hold, etc.
Investments in die Prozessstruktur von Kryptowährungen, z.B. Mining
Investments in Unternehmen aus der Krypto – und Blockchainbranche – gerne auch als Web 3.0 oder Digital Assets bezeichnet.

Umgangsprachlich laufen alle drei Investmentmöglichkeiten unter dem Label „Krypto“ oder „Blockchain“. Bei genauerer Betrachtungsweise handelt es sich aber um vollkommen unterschiedlichen Investitionsstrategien und damit auch unterschiedliche Risikoprofile.

Mehr: https://blog.xol-group.com/investieren-in-kryptoassets-oder-eigentlich-nur-web-3-0

Investieren in Kryptoassets oder eigentlich nur Web 3.0

Structuring quality – made with passion
XOLARIS Group develops tailored structuring solutions for their clients

As a fully integrated service management company (“ManCo”), XOLARIS Group is able to reproduce the entire value chain around an AIF and offer tailored structuring, management and settlement services for your clients. True to our motto "Investmentquality - made with passion", we consider it essential to focus on the individual needs of our clients and to evaluate the optimal financial solution.
“Together with our very own Alternative Investment Fund Managers (“AIFM”), we are in a position to offer our clients a wide range of structuring opportunities. In doing so, we can operate within core European markets as well as selected offshore jurisdictions to serve numerous solutions such as GmbH & Co. KG, GP/LP and SICAV. We also focus extensively on closed and open-ended alternative investment funds. We consistently follow our aim of optimising structures based on supervisory, company and fiscal aspects.
Thanks to our centralised structural unit, we consider ourselves a solution-oriented business partner whose main role is to understand our clients’ strategies and fiscal requirements and adapt them to the concept and optimal structure of the financial solution,” says Kai. S Renning, CIO of XOLARIS Group.
“In addition to pure concept development and structural services, we oversee the main coordination of all parties involved to reduce interfacing requirements and achieve a high degree of security during process planning and ensure reliable processes. Our private label approach allows us to offer a range of services such as Asset Manager, Wholesaler and Asset Owner,” Mr Renning adds.

XOLARIS Group Develops Tailored Structuring Solutions for Their Clients

Risikofunktion im AIFM 

Risikomanagement innerhalb des AIFM ist so aufgebaut, dass mögliche Risiken im Zuge der Tätigkeit des AIFM erkannt und verhindert werden. 

Sie deckt Organisationsrisiken, Betriebsrisiken, Risiken von Gegenparteien, Marktrisiken, Kreditrisiken und Liquiditätsrisiken ab. Die Funktion des Risikos ist so strukturiert, dass die Risiken bereits in einem sehr frühen Stadium des Betriebs durch die Umsetzung zahlreicher Richtlinien und Verfahren für den täglichen Betrieb des AIFM vermieden werden und wird durch die Einhaltung der Vorschriften parallelisiert.

Drei Verteidigungslinien, die im Rahmen des AIFM existieren und implementiert werden, decken alle Funktionen zur Verhinderung der Entstehung einer Risikosituation in allen Phasen des Fondsmanagementprozesses ab, indem Fonds über den gesamten Prozess seiner Investition und Verteilung eingezogen werden.

1. Erste Linie ist Risikobewertung innerhalb des Onboarding-Prozesses des Kunden durch operative Teams durch KYC und Kunden Due Diligence in Übereinstimmung mit den von der Verwaltungsgesellschaft festgelegten Richtlinien und Verfahren. Diese Rolle wird durch die Kundenbeziehungsfunktion, entweder ein Kundenverwaltungszentrum des AIFM oder Distributionsagenten oder eine andere Bedieneinheit, sichergestellt.

2. Zweite Verteidigungslinie ist interne Risikofunktion selbst zusammen mit internen Compliance, die sowohl für die rechtzeitige Überprüfung und angemessene Angleichung der angemessenen Richtlinien und Verfahren verantwortlich sind, die Einrichtung von Risikoerkennungsparametern im täglichen Betrieb

3. Dritte Verteidigungslinie ist interne Audit-Funktion, die in der Regel von externen Anbieter durchgeführt wird, konzentriert sich auf die Überprüfung der bestehenden Richtlinien und Verfahren auf ihre Angleichung an regulatorische Vorschriften und die ordnungsgemäße Umsetzung im täglichen Leben des Unternehmens.

Ist der Risk Manager die einzige Funktion des Unternehmens, das die Risiken kontrolliert? Nein, alle Einheiten des Unternehmens sind am Risikoprozess beteiligt, Risk Manager leitet nur den Prozess, der von jedem Geschäftsbereich ordnungsgemäß umgesetzt und angewendet werden soll.

Zusätzlich zu internen Risikokontrollen bei der AIFM selber es gibt noch zusätzlichen externen unabhängigen Stellen in Rahmen der Fondsverwaltung die die Interessen der Anleger wahrnehmen und sicherstellen, dass eine ordnungsgemäße Abwicklung der Managementprozessen unter Beachtung der regulatorischen sowie internen Richtlinien erfolgt, die ein Teil des gesamten Marktinfrastruktur bzw. Ökosystem der Fondsverwaltungsprozessen sind: externe Auditstelle, externen Bewerter, Verwahrstelle etc. die von ähnlichen eigenen internen Richtlinien in Bezug auf Kontrollfunktion des Fonds gebunden sind, sowie die Aufsichtsbehörde die die Zulassungs- und Prüfung des Aktivitäten des AIFM u.a. als Aufgabe hat. So, z.B. die regelmäßige Wertberechnung des Anlagevermögens erfolgt nach internen Richtlinien im Einklang mit externen branchenspezifischen Richtlinien der Bewertungsstellen. Die Transaktionsprozessen sowie Vermögensverteilungsprozessen erfolgen mit Einklang der Kontrollen der Verwahr- bzw. Bankstellen in Bezug auf Prospektsdokumentation- bzw. Anlegerstrategie etc. Externe Auditstelle neben die reinen Zahlungsprüfung hat noch auf die materielle Seite der Geschäftsabwicklungsprozessen in Rahmen der AIFM Jahresabschlussprüfung zu achten, wo auch u.a. verbundene Transaktionen geprüft und erwähnt werden sollen usw. Die werden auch der behördlichen Aufsichtsstelle vorgelegt.

www.xol-group.com
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

XOLARIS Gruppe: Risikofunktion im AIFM

Was ist SICAV? Was sind die illiquide Assets?  SICAV als Struktur für illiquide Assets

In den vergangenen Jahren machten niedrige Zinsen Investitionen in Immobilien, Private Equity und  Infrastruktur sehr attraktiv. Aber auch in der nun sich ändernden Zinslandschaft bleiben diese  illiquiden Assets gefragt.  
Illiquide Assets 
Typische Beispiele für illiquide Vermögenswerte sind die erwähnten Immobilien (Real Estate),  Beteiligungen an Unternehmen, die nicht zum Handel an einer Börse zugelassen oder in einen  organisierten Markt einbezogen sind (Private Equity), Infrastrukturinvestitionen (technische  Infrastruktur) oder Private Debt (Fremdfinanzierungsinstrumente privatwirtschaftlicher Herkunft  außerhalb des Bankensektors). Der Begriff ‚illiquide‘...

Mehr: https://blog.xol-group.com/sicav-als-struktur-fuer-illiquide-assets

Wir als XOLARIS Gruppe wollen unsere Fonds von der ersten Idee über die Strukturierung, die Fondslaufzeit bis zur Liquidation und Auszahlung der Anleger begleiten. Daher bieten wir in der XOLARIS Gruppe auch nahezu alle Dienstleistungen rund um Sachwertprodukte an:


STRUKTURIERUNG
Wir strukturieren und konzipieren die Produkte nach der nationalen Gesetzgebung, um den optimalen gesetzlichen Rahmen umzusetzen.

RISIKO- UND PORTFOLIOMANAGEMENT
Wir übernehmen das Risiko- und Portfoliomanagement während der gesamten Laufzeit des Fonds.

BACKOFFICE
Wir betreuen die Anleger, erstellen die Buchhaltung und bereiten die Jahresabschlussprüfungen vor.

www.xol-group.com
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com
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SICAV als Struktur für illiquide Assets

What does portfolio management do in an external service AIFM?

Is portfolio management important in an external service AIFM?
In an external service AIFM, asset management is usually outsourced to the initiator of the alternative investment fund (AIF). Therefore, the question arises, what does the portfolio management still do and does it have an important function for the AIF? How well does the portfolio management of the external service AIFM know the assets of the AIF? Questions about questions.

Portfolio management has an important function, not only in the case of an external service AIFM, but also in general. It is the decision-making function for investment and de-investment decisions in the AIFs. It reviews the current key figures as well as the forecasts and liquidity planning, and it is the interface where the information from the asset manager, the accounting department and the fund's risk management comes together, is reviewed and evaluated.

The valuation of assets is another important function. Portfolio Management takes care of selecting suitable valuers for the assets of the AIFs, reports them to the German Federal Financial Supervisory Authority (Bafin) and monitors the correctness of the valuations. The valuations, in turn, are important for determining the value per share, which is calculated by the portfolio management. This means that every investor knows how much his investment is worth. 

More: https://www.linkedin.com/pulse/what-does-portfolio-management-do-external-service-aifm-zoe-peffer/

The XOLARIS Group 
will continue to expand its focus as an international AIFM service for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapore, we are already able to offer our customers individual structuring solutions. True to our motto “Made with Passion”, we take the time to understand the needs of our customers and implement them in individual structuring solutions. Thanks to our integrated approach from structuring to liquidation, we can also take into account all of our customers' wishes in administration and fund accounting.


Author Bio: 
Petra Hamacher-Weiss joined the XOLARIS Group in October 2020 to support the growth strategy and international expansion of the group. 
She worked in real estate and corporate law since more than 10 years and gained her experience not only from law offices and enterprises but also from working for public authorities. For several years she worked in the management of an international asset management company for closed end AIFs in Germany. Her main focusses there were the legal department and investor relations, especially with French investors and sales partners. 
She successfully passed her law exam and she’s holding a diploma in law from the Eberhard-Karls-University in Tuebingen.

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What does portfolio management do in an external service AIFM?

Risk Function inside the AIFM,

Is the Risk Manager the only function of the company controlling the risks?

Risk Management inside the AIFM is structured in a way to detect and prevent possible risks in course of the activity of the AIFM. It covers risks of organization, risk of operation, risk of counterparties, risk of markets, credit risk and risk of liquidity. The function of risk is structured in a way to prevent the risks already at a very early stage of operation, through implementation of numerous policies and procedures governing daily operations of the AIFM and is paralleled by compliance.

Three lines of defense existing and implemented within AIFM cover and involve all functions in the prevention of arising of risk situation at all stages of the funds management process from collecting funds, through the whole process of its investment and distribution.

First line is risk assessment within client onboarding process by operational teams through KYC and customer due diligence in accordance with the policies and procedures set up by the Management Company. This role is ensured by client relation function, either a customer administration center of the AIFM or distribution agent or other operating unit.

Second line of defense is internal risk function itself along with internal compliance, which are both responsible for timely review and appropriate alignment of adequate policies and procedures, set up of risk identification parameters in operation and review of

Third line of defense is internal audit function, which is usually performed by external provider, focused on review of the existing policies and procedures on their alignment with regulatory prescriptions and proper implementation in the daily life of the company.

Is the Risk Manager the only function of the company controlling the risks?

No, all of the units of the company are involved in risk process, Risk Manager is only directing the process to be properly implemented and applied by every business department.

About the XOLARIS Group
Founded in 2010, the XOLARIS Group stands with its AIFM for an independent white label investment company with a focus on Alternative Investment Funds (AIF) in the asset classes Private Equity, Real Estate, Renewable Energy and Shipping. With headquarters in Liechtenstein and subsidiaries in Germany, France, and Asia, the entire value chain of alternative investments can be represented, true to its motto: “Investment Quality — Made with Passion.”

Other units of the group offer services ranging from advice on launching, structuring and distribution to fund accounting and the administration of alternative investment funds and other real asset investments.

As a legally independent service provider for the conception, administration and management of alternative investments, the XOLARIS Group sees itself in its entirety as an “enabler” for initiators and investors.

Author Bio: Volodymyr Andrianov, MD in Risk Management with with more than 20 years of experience in cross boarder structures.

MUSIC: Envato Elements
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www.xol-group.com | XOLARIS AG | Austrasse 15 9490 Vaduz

Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: info@xol-group.com

Press/ Podcast Contact: Zoe Peffer | +49 75301 584 880 | marketing@xol-group.com

Get inspired for our event reminder emails:
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www.linkedin.com/groups/12512062/

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Twitter: twitter.com/XolarisG

for news and updates or send a message to @xolarisgroup or by e-mail to info@xol-group.com for questions or support.

Risk Function inside the AIFM

XOLARIS Group is a leading independent private label investment studying platform. The main focus is on the continuous expansion of services from structuring to liquidating investment funds nevertheless if they’re unregulated or regulated.

Our clients are asset managers worldwide.

Our aim is investment quality of the highest standards in all processes and safeguarding the invests of out clients.

The XOLARIS Group will further expand its orientation as an international service AIFM for real assets. With our locations in Germany, Liechtenstein, France, Hong Kong and Singapur we are already able to offer our clients individual structuring solutions.

With our brand " Sunrise Capital " we support sales partners and investors.

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