Global Funds Management S.A.Beyond investment fund management: With you every step of the way

UCITS Management Company

Alternative Investment Fund Manager

Independent Risk Management Services

Americas

New York

Bermuda

Boston

Chicago

Houston

Los Angeles

Miami

San Francisco

São Paulo

Toronto

Washington, D.C.

Europe

Luxembourg

London

Amsterdam

Frankfurt

Helsinki

Istanbul

Madrid

Milan

Paris

Stockholm

Vienna

Warsaw

Zurich

Middle East, Africa

Cape Town

Doha

Dubai

Manama

Riyadh

Asia Pacific

Tokyo

Hong Kong

Bangkok

Beijing

Hanoi

Jakarta

Kuala Lumpur

Manila

Melbourne

Mumbai

Nagoya

Osaka

Seoul

Shanghai

Singapore

Sydney

Taipei

Our Luxembourg footprint, an entry to your European strategy

01

Luxembourg

Germany

Belgium

France

Luxembourg City

Welcome to Luxembourg! 02

Luxembourg is Europe’s largest investment fund centre by assets under management and the world’s leading hub for global fund distribution.

Nomura opened their offices in Luxembourg in 1990, and since then focussed on assisting asset managers with the set-up and structuring of UCITS and Alternative Investment funds.

For some 20 years, we have been offering the asset management industry bespoke investment and risk management regulatory solutions. We are part of Nomura Holdings, Inc., an Asia-headquartered financial services group with a global network spanning over 30 countries around the world.

Fund Universe

Fixed Income

Market Neutral

Multi-Strategy

Currency Overlay

Structured Notes / SWAP

…

Equity

Hedge Funds

Fund of Hedge Funds

Money Market

Investment Strategiesand Asset Classes

Asset-Class

Series

Luxembourg & CaymanIslands domiciled Funds

Umbrella

Stand-Alone

FundStructures

Emerging Markets

Global

Asia and Pacific

Europe

Americas

InvestingGlobally

If originally GFM was mainly servicing in-house funds, we are now also offering premium and multilingual services to third-party asset managers interested in setting up investment funds in Luxembourg.

According to different operating models, plug and play solutions have been developed which enable GFM to work with Nomura entities or any external services providers of your choice.

Global Funds Management (GFM) is acting as a Super ManCo licensed both as UCITS Management Company and Alternative Investment Fund Manager. Together, we manage EUR10bn* worth of assets. With experience working across dedicated investment vehicles, asset classes and strategies, we act as a hub of expertise and offer a wide variety of fund services beyond traditional fund administration.

Getting to know us03

Key Facts

Date of Incorporation 8 July 1991

Regulatory LicensesManagement Company, under Chapter 15 of the Luxembourg Law of December 2010

Alternative Investment Fund Manager, under Chapter 2 of the Luxembourg Law of July 2013

ShareholderUltimate shareholder is Nomura Holdings Inc., listed on Tokyo, Nagoya, New York and Singapore Stock Exchanges

We are committed to our clients through the delivery of superior investment solutions and risk management services, in line with regulatory requirements and leading market practices.

* As of Jan 2018

A closer look at our services 04

1 Assistance with the registration in distribution countries2 Calculated with the support of MSCI, using its RiskMetrics® RiskManager tool. More details are available on msci.com

Additionally, as an UCITS Management Company (ManCo) and AIFM, we offer:

Investment risk management reports2

Market risk exposures (leverage, VaR, stress tests)

Credit and counterparty exposures

Liquidity risk exposures

MIS reports and due diligence/monitoring of Delegates activity

Portfolio manager

Fund administrator

Transfer agent

Custodian

Facing a myriad of operational, distribution, legal, and tax considerations, we know it’s no easy task to set up an investment vehicle. Our strengths lie in supporting portfolio managers and fund promoters in the following areas:

The structuring and setting up of investment funds Key Facts

Distribution and marketing1

Risk management

Domiciliation services

Service provider selection and oversight

Regulatory and MIS reporting

Access to leading service providers (eg, legal counsel and auditors)

Portfolio Manager

Depositary Bank

Auditor Legal AdviserDistributor

Fund AdministratorManagement

Company / AIFM

UCITS/AIF

NomuraLuxembourg

Your operating model with us05

Three options are available for funds set-up with GFM (see overview in the chart):

1 : One-stop-shop solution, with all major services provided by Nomura entities (GFM and Nomura Bank (Luxembourg))

Nomura entity

External service provider (not belonging to Nomura group)

Portfolio Manager

Depositary Bank

Auditor Legal AdviserDistributor

Fund AdministratorManagement

Company / AIFM

UCITS/AIF

Portfolio Manager

Depositary Bank

Auditor Legal AdviserDistributor

Fund AdministratorManagement

Company / AIFM

UCITS/AIF

06

2 : Hybrid solution, whereby GFM and Nomura Bank (Luxembourg) respectively providing Management Company and Depositary Bank services would interact with an independent fund administrator

3 : Stand-alone solution, whereby GFM could operate with individual service providers which may be proposed by the Fund sponsor or suggested by GFM upon Requests for Proposals

Nomura entity

External service provider (not belonging to Nomura group)

Nomura entity

External service provider (not belonging to Nomura group)

PortfolioManagers

Board ofDirectors

FundAdministrators

Distributors

Depositary /Custodians

Legal Advisors Auditors

Management Committee / Conducting Officers

Global Funds Management

Risk ManagementOversight of Delegates

Valuation of Assets

Conflicts of Interests / Complaints Management

Compliance / Internal Audit

GFM is deliberately organized to provide the most efficient and robust service.

It is organized as a “société anonyme” and comprised of a Board of Directors, Conducting Officers and staff.

The Board of Directors defines the strategy and approves the main decisions relating to the operating model, risk management and remuneration of the company and its employees. In turn, a Management Committee, comprised of Conducting Officers, manages the day-to-day activities of GFM.

Structured to serve you07

Relationships with supervisory authorities

Remedial measures

Supervision of the delegates and depositories

Supervision of the risk management process

Monitor compliance with investment restrictions and policies

Effective management of GFM and funds

Conducting Officers

As a GFM client, you will be looked after by a team of experienced Conducting Officers selected specifically for their relevant experience and expertise.

Conducting Officers have oversight of all delegated activities, carefully monitoring KPIs and frequently communicating with appointed delegates around the world.

Rest assured: your dedicated team 08

Initial and annual due diligence checks

Reporting based monitoring (including daily, monthly and quarterly KPIs)

Periodic Request for Information (RFI - aiming at benchmarking delegates cost/scope of services) when required

On-site visits

Distinctive monitoring approach by client type

Portfolio Managers

Fund Administrators

Distributors

Fund Promoters/Distributors

As fund promoters or distributors, you may wish to have a full detailed view over the asset management value chain: from portfolio management, to NAV calculation and distribution. These views will be provided to you through our dedicated delegates reporting monitoring.

Portfolio Managers

In order for you to stay focused on trading and portfolio management activities, we provide portfolio managers with structuring advice, product updates in line with regulatory developments and Management Information System (MIS) reporting on the fund day-to-day activities (fund administration, distribution activity). GFM may also provide risk management reports and analysis.

How we work with you09

On-boarding

Transfer Agency

Fund Performance

Marketing

NAV Calculation

Investment Decisions

Transactions

Assets Valuation

Business Relationships and Organisation

Reporting Oversight

Conducting Officer& Risk Manager

GFM Own Risks(operational risks)

Product Risks(investment risks)

Risk Management Function

Market Risk

Credit Risk

Counterparty Risk

Liquidity Risk

Leverage

Reputational RiskBusiness Risk

Country Risk

Delegation RiskLegal RiskRegulatory Risk

Tax Risk

Concentration RiskModel Risk

Valuation Risk

Strategic Financial Compliance Operations Products / Portfolios

KPI, KRIDue-Diligence / On-site VisitsISAE & Control ReportsRisk Control Self Assessment (RCSA)

We not only constantly monitor but actively mitigate a variety of both investment and operational risks – so you don’t have to.

Keeping an eye on things 10

We work with MSCI, a leading provider of research-based indices and analytics. Its RiskMetrics® Risk Manager tool provides us with daily risk and performance reporting on our individual funds. These reports are consolidated into an easy-to-view dashboard so we can see what our risk exposures are across funds; what limits needs to be validated and a history of all investment risk exposures for statistical analysis.

Contacts

Global Funds Management S.A.

Building A – 33, rue de Gasperich, L-5826 Hesperange P.O. Box 289 – L-2012 Luxembourg Grand Duchy of Luxembourg

Tel: +(352) 28 37 25-1 Fax: +(352) 273 664 815 Email: info-GFM@nomura.com

www.gfmanagement.lu

This brochure has been prepared by Global Funds Management S.A. (“GFM”). No part of this brochure may be reproduced, transmitted, stored in a retrieval system or translated in any other language in any form, by any means without the prior written consent of GFM.

This brochure is confidential and has been furnished to the intended recipient solely for such recipient’s information and private use and may not be referred to, disclosed, reproduced or redistributed, in whole or in part, to any other person.

This brochure does not constitute a due diligence review and should not be construed as such. No representation or warranty as to this brochure’s accuracy, completeness or correctness is made and no reliance should be placed on the accuracy, completeness or correctness thereof. The information contained, and any opinions expressed, in this brochure are subject to change at any time and GFM is under no obligation to inform the intended recipient or any other person of any such change.

GFM accepts no responsibility or liability whatsoever in relation to this brochure (including for any error contained in this brochure or in relation to the accuracy, completeness or correctness of this brochure or in relation to any projections, analyses, assumptions and/or opinions contained herein nor for any loss of profit or damages or any liability to a third party whatsoever arising from the use of this brochure). The exclusion of liability provided herein shall protect GFM, its officers, employees, agents, representatives and/or associates in all circumstances. © Nomura 2018