LUXEMBOURG, June 14, 2011 /PRNewswire/ --
Vistra announced today that it has been selected to provide fund administration services for the innovative Privium Selection Fund platform (SCA SICAV-SIF) via its specialist fund services division operating out of Luxembourg. The Privium Selection Fund will be managed by Privium Fund Management (UK) Limited. The Privium platform proves a flexible one stop Luxembourg based solution for the launch of differing styles and sizes of funds, each backed by competitive pricing options.
Vistra Fund Services has worked closely with Clayton Heijman of Darwin Platform and Loyens & Loeff, Luxembourg on the set up and marketing of the specialised platform. Mr. Ivo Hemelraad (Managing Director of Vistra Fund Services - Luxembourg) comments: 'In today's competitive environment, time-to-market and costs are of the essence. Privium provides a high-quality and high-speed set up which still allows for tailor-made solutions. Privium therefore lives up to our credo of 'We will adapt to your requirements, not force you to fit ours.'
Privium Fund Management (UK) Limited, regulated by the FSA, will focus on manager start-up activities in Europe and the US. Internationally experienced industry veterans Paul Smith, Clayton Heijman and Nick Paris have started a new business to support the launch of various fund management operations that are anticipated in the financial industry. Providing a one-stop solution for new and alternative fund managers, Privium has the experience and expertise to contribute to the success of new funds and support new projects. Services offered include asset management, middle and back office administration, marketing, office infrastructure and support.
'The infrastructure that we have put together is a combination of top-quality systems, together with an umbrella fund structure in Luxembourg. This means that a manager can set up a fund in Luxembourg in record time. Managers can benefit from all areas of our expertise ranging from capital introduction to providing office space.' Clayton Heijman continues: 'Our set-up is ideal for managers who want to establish their fund on a solid foundation which allows for flexibility and growth. '
Privium will also work closely with the following well-known service providers: ING Bank (Custodian), Ernst & Young (Audit), Loyens & Loeff (Legal advisor).
For more information about Privium please visit: http://www.priviumfund.com/
About Vistra Group
Vistra is a leading independent provider of trust, fiduciary, corporate and fund services delivering personal and tailored solutions to international corporations, institutional investors and high net worth individuals from around the world.
Our clients can benefit from a multi-jurisdictional and personal approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of every client. Our services include company formation and management, fund formation and administration, trustee services, family office, marine and aviation and accounting services.
Today Vistra employs around 350 employees in 20 offices covering 18 jurisdictions, with each of our offices providing the full range of trust, corporate and estate planning solutions.
Today, Vistra is a unique player in the trust and fiduciary industry, boasting the most balanced geographic reach globally while always guaranteeing the personal and tailored service that our clients deserve.
Together, we bring to life the Vistra ethos of "Crossing Borders, Creating Solutions".
For further information please visit http://www.vistra.com
Guy Stephenson/Jennifer Duffy
Ivo Hemelraad, Managing Director, Vistra (Luxembourg) Sarl
Vistra Fund Services Sarl
15, rue Edward Steichen, L-2540, Luxembourg