Kubera cross border fund chooses IOMA 10 June 2013London Reporter: Georgina Lavers
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Kubera Cross-Border Fund has appointed IOMA Fund and Investment Management as its administrator, registrar and company secretary.
Kubera Cross-Border Fund is an investment company traded on the AIM market of the London Stock Exchange that is managed by Kubera Partners.
The company makes private equity investments in cross-border companies, primarily in businesses that operate in the US-India corridor.
IOMA will be paid an annual fee of $95,000, charged quarterly in arrears. The administration fees will be reviewed annually and will be adjusted by mutual agreement following the disposal of any substantial asset held by the fund.
IOMA will work closely with Cim Fund Services in Mauritius, which will continue as administrator and secretary of Kubera Cross-Border Fund in Mauritius, a subsidiary of the fund, and will continue to assist in providing administrative services to the fund and its other subsidiaries.
Kubera Cross-Border Fund has also amended the terms of its agreement with its investment manager, Kubera Partners, reducing the investment management fees by the amount of the administration fees payable to IOMA.
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