GLENIC Energy Ocean Fund
According to Luxembourg legislation, Fund has the right to work only with the so-called “professional and well-informed” investors. It means, that investor – business company or individual – can not invest in the fund less than 125 000 Euro. This restriction does not apply to professionals of stock market, banks, investment companies etc.
According to current regulations, all investments made in Fund must strictly meet European legislation on laundering of money and financing of terrorist affairs. As a result, Fund may demand from investors to submit additional documents confirming the origin of invested assets. Fund may not demand such data from investors who transfer assets from accounts of first-class European and American banks because such banks implement serious control of all transferred assets.
The fund has umbrella structure; it means that several sub-funds which have their own investment policy may be established in the frames of one fund. Sub-funds are independent; each of them may yield different profit and may be opened and closed independently from the other sub-funds. All the claims submitted to one sub-fund do not apply to the other sub-funds.
Currently, Fund has 2 sub-funds: Glenic Energy Ocean – Russian Securities and Glenic Energy Ocean – Venture Capital.
News
- 8December
- On 10 November, 2008 Financial Commission of Luxembourg registered investment fund Glenic Energy Ocean Fund.
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