CNPLaw LLP acted as lead counsel for the successful launch of Annexe Fund VCC

CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of Annexe Fund VCC (“Fund”), an open-ended variable capital company incorporated in Singapore. The Fund is an umbrella fund and has successfully launched its first sub-fund, Systematic Alpha, with a multi-asset class investment focus. The Fund is managed by Point Hope Pte. Ltd. (“Manager”), a capital markets services licence fund manager in the accredited and institutional investor category.

Mr Amit R. Dhume, Partner at CNP said:

“The VCC is an extremely positive development for the investment funds landscape in Singapore. The successful launch of Annexe Fund VCC is a testament that the VCC is gaining traction among the domestic fund managers. We expect to see more investment funds using the VCC in time to come. We are excited to be a part of this journey that will solidify Singapore’s position as an attractive destination for the investment management industry globally.”

The CNP lawyers advising the Fund and the Manager are Amit Ramkrishn Dhume – Partner, Abel Ho – Associate, and Goh Wan Shuen – Associate, from the firm’s Funds and Financial Services team.

Please be informed that the circuit breaker ended on 2 June 2020, and Singapore has embarked on Phase 2 of a three-phased approach to resume activities safely. However, in compliance with the Singapore Ministry of Manpower’s guidelines on safe distancing measures in the workplace dated 1 June 2020, the majority of us at CNPLaw LLP will continue to work from home.

We remain able and committed to serving you in all areas of legal services. We may be contacted via our office phone lines and emails. If there are any delays in our responses, we seek your kind understanding.