Overview
Description
Bespoke Funds are custom-made funds with ring-fenced asset structure i.e. legally segregated portfolios which result in higher risk-adjusted return using award winning fund management expertise, institutional cost of funding, prime brokerage arrangements, tax efficiency (bond interest becoming “tax-free” dividend income). These are ideal for Fixed Maturity Plans, Leveraged Deposits, Leveraged Delta Notes, Leveraged CLNs, etc.
Bespoke funds are cost effective structure for setting up family office(s) in Singapore
Solutions
We offer bespoke investment management with assets being held in investor’s name, with complete control yet better returns: economies of scale, world class risk management and as per client mandate.
Silverdale Special Suite for Private Banks, EAMs & Family Offices includes:
- Single Stock Financing
- Creating liquidity without giving-up control
- Access to most local markets in Asia, Europe & Middle East
- Non-recourse leverage: without personal guarantee, through Special Purposes Vehicles (SPV), Total Return Swap, Leveraged Delta Note, etc.
- Segregation of assets avoiding cross pledge or personal guarantee for (new) businesses, Leveraged Delta Notes, etc.
- Regulated fund for NexGen wealth transfer, tax efficient structure for transfer of wealth to the next generation
Value Proposition
Control
- Absolute control over assets
- 100% transparency of each (dis)investment with right to veto
- Right to take-over the management at any time
- Confidentiality of investor details
Higher Returns
- Tax Efficiency – 13U tax exemption on all investment income (without $500k expenses / S$ 20m assets) + over 90 DTAA
- Ring-fenced leverage on very competitive terms
- Continuous review and portfolio (re)balancing without conflict of interest
Lower Costs
- Dedicated professionals with undivided focus on investments
- Time amortized fee structure: a pay-as-you-go-model
- More investment opportunities and better sourcing: Silverdale proprietary models
- Economies of scale
Structure Comparison
| Off-shore SPV | Trust Structure | Fund Structure | |
| Tax efficiency | (Legally) No | No | Yes |
| Direction & control | Yes | No (without loosing trust benefits) | Professional + |
| Change in beneficiary | Yes | Very Cumbersome | Easy |
| Multiple holding structures | No | No | Yes; Club deals |
| Cross-contamination risk | No | High | No |
| Non-Recourse borrowings | No | No | Yes |
| Operational dependency | No | Personal | Legislative + Institutionalized |
| Operational cost | Low | High | Relatively Low |
| Transparency | Contradictory | Multi-Layering | Controlled |