Singapore’s ICHAM Pte Ltd, a multi-family office and asset manager, has launched a Variable Capital Company or VCC fund that provides investors access to a professionally managed portfolio of autocall structured products.
VCC is a flexible corporate structure in Singapore designed for investment funds. It can be created as a single standalone fund, or as an umbrella entity with multiple sub-funds.
The ICHAM fund is only available to institutional and accredited investors, the asset manager says in a statement on April 11.
Autocall structured products are investment vehicles that may automatically mature early if an underlying asset reaches a specific price level on predetermined dates.
These products, according to Archan Chamapun, chief executive officer of ICHAM, have traditionally been distributed by private banks as individual investments that may involve concentrated exposures and less transparent fee structures.
The lead portfolio manager of the new fund is Felix Chew, who joined the firm a year ago from Japan’s Nomura Holdings, where he structured equity derivatives.
