Fund Infrastructure
For Boutique Fund Managers

Noviscient is reimaging the investment management industry

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Fund manager portal can access fund performance in real-time

FundBox.ai supports the growth of the next generation of boutique fund managers by reducing manager operating costs while significantly speeding up manager onboarding and time to market.

The FundBox.ai solution also provides investors with far better transparency to help them fast-track the search and matching process to find the right boutique managers.

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Euro Risk Parity Fund

FundBox.ai

Tail Hedge Focus Fund

FundBox.ai

Commodity CTA Fund

FundBox.ai

G10 Currency Strategies Fund

FundBox.ai

Creating the Fund

FundBox.ai helps prospective managers from anywhere in the world to quickly and cost-effectively set up and run a fund. It is end-to-end infrastructure that takes and executes trading signals into a new fund vehicle with full operational support. In addition, it offers real-time risk control and visualization to give managers and investors detailed risk and performance information.

Fundbox.ai infrastructure that includes execution, risk monitors and Platform APIFund in box | The Platform Of ChoiceFor Boutique Fund ManagersFund in box | The Platform Of ChoiceFor Boutique Fund Managers

Setting Up

The FundBox vehicle is a Variable Capital Company structure regulated by the Monetary Authority of Singapore. It allows multiple collective yet ring-fenced investment schemes (sub-funds) to exist under the umbrella of a single corporate entity. Each FundBox will be a separate sub-fund under the Noviscient umbrella fund structure, with the usual fund provider services including fund administration, audit, and compliance.

The steps for creating a FundBox are:

1. We sign an engagement letter that specifies responsibilities, costs and fees

1. We sign an engagement letter that specifies responsibilities, costs and fees

5. We help set up trading connectivity and performance reporting

5. We help set up trading connectivity and performance reporting

2. You provide the first Noviscient fee (paid quarterly in advance)

2. You provide the first Noviscient fee (paid quarterly in advance)

6. You select from our panel of brokers and service providers

6. You select from our panel of brokers and service providers

3. We undertake AML and KYC on you (the manager) and your investors

3. We undertake AML and KYC on you (the manager) and your investors

7. The fund receives the capital, and the manager commences trading

7. The fund receives the capital, and the manager commences trading

4. We provide templates and help you complete the documentation

4. We provide templates and help you complete the documentation

1. We sign an engagement letter that specifies responsibilities, costs and fees

1. We sign an engagement letter that specifies responsibilities, costs and fees

2. You provide the first Noviscient fee (paid quarterly in advance)

2. You provide the first Noviscient fee (paid quarterly in advance)

3. We undertake AML and KYC on you (the manager) and your investors

3. We undertake AML and KYC on you (the manager) and your investors

4. We provide templates and help you complete the documentation

4. We provide templates and help you complete the documentation

5. We help set up trading connectivity and performance reporting

5. We help set up trading connectivity and performance reporting

6. You select from our panel of brokers and service providers

6. You select from our panel of brokers and service providers

7. The fund receives the capital, and the manager commences trading

7. The fund receives the capital, and the manager commences trading

AUM chart on Fund Manager PortalMarging usage chart on Fund Manager PortalRolling 10 days volatility chart on Fund Manager Portal

Operations Dashboard

The FundBox.ai infrastructure provides managers with a portal that shows trading performance and risk analytics to help you manage your strategy.

Cumulative gross profit and loss chart on Fund Manager Portal

Pricing

Fund set up and operating costs are transparent with no markup

Fund Expenses

Fund set up and operating costs are transparent with no markup. We work with you to select service providers and negotiate rates to keep these costs low.

We charge 20 percents of your total fees and this scales down towards 5 percent

Noviscient Fees

We charge 20% of your total fees (management and performance) and this scales down towards 5% as your total fees grow. These fees are subject to a minimum cost required to operate our platform.

Alternative fee structure

Alternatives

Alternative fee structures that better fit your particular requirements may be possible.

Benefits

The FundBox.ai solution offers some great benefits for the new manager to help maximize their chance of success.

Reduce fund setup and operating expenses by 70%

Faster onboarding so trading can start in 1-2 months rather than 6-12 months

Managers can focus on trading and signal generation instead of fund operations

Managers retain ownership of their IP and track record

Comparisons

At Noviscient, we want to be aligned with your success, which is why we value efficiency and transparency. Compared to traditional fund structures, which consume a lot of time and money, FundBox.ai is a leaner, more streamlined solution that keeps costs low, speeds up your time-to-market, and empowers you to focus on your strategy.

Setup Expenses

Time

Audit, legal, administration, tax, directors

Annual Fund Expenses

Systems, rent, regulatory, other

Estimated Manager Expenses

Regulators have minimum staffing expectations

Personnel

  • 1.0% management fee
  • 20.0% performance fee

Approximate Breakeven AUM

Set Up Own Fund

Setup Expenses

Application, licensing, onboarding, appointment, registration, marketing

Time

6-12 months

Audit, legal, administration, tax, directors

Fund Expenses

$90,000

Systems, rent, regulatory, other

Manager Expenses

$150,000

Regulators have minimum staffing expectations

Personnel

Portfolio manager, risk, compliance, operations, capital raising

  • 1.0% management fee
  • 20.0% performance fee

Breakeven AUM assumes

$70m

Setup Expenses

Application, KYC assessment, connectivity

Time

1-2 months

Audit, legal, administration, tax, directors

Fund Expenses

$30,000

Systems, rent, regulatory, other

Manager Expenses

$60,000

Regulators have minimum staffing expectations

Personnel

Portfolio manager

  • 1.0% management fee
  • 20.0% performance fee

Breakeven AUM assumes

$5m

Set Up Own Fund

Setup Expenses

Application, licensing, onboarding, appointment, registration, marketing

Time

6-12 months

Audit, legal, administration, tax, directors

Fund Expenses

$90,000

Systems, rent, regulatory, other

Manager Expenses

$150,000

Regulators have minimum staffing expectations

Personnel

Portfolio manager, risk, compliance, operations, capital raising

  • 1.0% management fee
  • 20.0% performance fee

Breakeven AUM assumes

$70m

Setup Expenses

Application, KYC assessment, connectivity

Time

1-2 months

Audit, legal, administration, tax, directors

Fund Expenses

$30,000

Systems, rent, regulatory, other

Manager Expenses

$60,000

Regulators have minimum staffing expectations

Personnel

Portfolio manager

  • 1.0% management fee
  • 20.0% performance fee

Breakeven AUM assumes

$5m

Frequently Asked Questions

What is the fund vehicle?

The FundBox vehicle is a Variable Capital Company structure regulated under the Monetary Authority of Singapore. It allows multiple collective investment schemes (sub-funds) to exist under the umbrella of a single corporate entity and yet remain ring-fenced from each other.

Each FundBox will be a separate sub-fund under the Noviscient umbrella fund structure, with the usual fund service providers including administration, audit, and compliance.

How does the Singapore VCC compare with other vehicle structures?

The Singapore Variable Capital Company fund structure is deemed as a rival for Cayman Island funds. There are well documented comparisons online, you may refer to ACRA SG Gov or PWC for more details. And we are happy to address any questions you may have – email us at fundbox@noviscient.com.

What is the setup timeline?

The steps are: agree the terms, register the sub-fund, appoint service providers, complete the offering documents, onboard investors, and set up the connectivity.
The projected timeline is within two months which is still substantially shorter than launching a fund vehicle.

Will the fund be marketed under my own brand?

Yes.

What is the cost structure?

To ensure alignment, we charge a percentage of the manager's total fees with a floor. The fee sharing starts at 20% of total fees and scales down towards 5% as your fees increase. We are open to discuss alternative structures as well.

How does the FundBox compare with other fund vehicle options?

The cost is highly competitive given that the sub-fund leverages on the umbrella master fund's service providers and Noviscient's automated platform. We have a detailed cost comparison worksheet upon request.

What is the breakeven AUM for setting up a FundBox vehicle?

The breakeven AUM depends on your charged fees for your vehicle and expected performance. Based on a 1% management fee and 20% performance fee, a conservative assumption of zero return will lead to a breakeven AUM of $5M.

Who are Noviscient’s fund service providers?

We will provide you the list of service providers during the onboarding process. This will include fund administrator, auditor, bank, legal, corporate services and tax.

Are there any ongoing expenses?

The FundBox vehicle annual expenses are charged to the fund. And other than the Noviscient Fees, there are no other expenses. We will explain the expected expenses to you during onboarding process.

What Our Clients Say

“I feel honored to be part of a very innovative platform business. I would also like to thank everyone for their attentive support in this situation. I believe the demand for this platform will continue to grow in the future.”

Asian Long-Short Equity Fund Manager

“The overall experience has been great. It helps a great deal sharing the same philosophy and outlook on how an investment management business should be structured and run.”

US Global Futures Hedge Fund

Empowering Boutique Fund Managers all around the World

We are working with boutique funds currently managing over $2.2billion.

For more information, contact us at fundbox@noviscient.com