RSJ Securities s.s. have been appointed to act as Asset Manager for the Fund pursuant to the Asset Management Agreement concluded and effective on 6 September 2005. Under the terms of that agreement, and subject to the overall supervision of the Directors, the investments made in respect of each cell of the Fund shall be realised by the Asset Manager in his own name but to the account of the Fund.
The financial instruments and securities will be registered under the name of the Asset Manager (or licensed broker being member on the relevant regulated public market via which the Asset Manager realizes investments), but the ownership of these financial instruments and securities is of the Fund (in respect of the relevant Cell). In relation to the asset management function, the Asset Manager will be given cash and the Fund’s Investment into custody. The Asset Manager may give some of the Fund’s assets into custody of the sub-broker who is a member of the relevant exchange where the Fund’s assets are invested. The Fund’s assets will always be kept separate from the own assets of the Asset Manager and the assets of the sub-broker.
RSJ Securities s.s.
Na Florenci 2116/15
110 00 Prague 1