Harbour Services

Our Commitment

Harbour commits to dealing ethically and fairly with all of our fund clients. Our firm, and provided directors, comply with industry best practices, avoid conflicts of interest and at all times represent the interests of the funds we service. We also limit the number of appointments held by each director, in order to ensure that     the funds they service receive the highest standard of personal attention and care.

Structures & Strategies Serviced

The funds we service represent the full spectrum: from stand-alone funds with basic investment strategies through to large fund complexes trading esoteric securities and employing technical trading programs. In addition to providing individuals as directors, Harbour can also provide corporate directors and serve as trustee, allowing us to service the full complement of investment fund structures, including corporations, partnerships and unit trusts.

We also have experience with the listing and service requirements of several stock exchanges including the Cayman Stock Exchange (CSX) and the Irish Stock Exchange (ISE).

Fee Structures

At Harbour, we provide value-added service to the funds that we serve, and to maximize this value we tailor our fee structure to the specific needs of each fund group.  Many managers, especially those starting new funds, will prefer the convenience of an inclusive fee structure that covers all matters attended to during the normal course of business.  Others may prefer a variable arrangement with a base fee plus additional fees charged on a time spent basis.  In either case, our fee will always include core activities such as participation in board meetings and the ongoing monitoring required to fulfil our fiduciary obligations to the fund.

Additional Services

In addition to the provision of fund directors, Harbour and its affiliates are able to provide related services throughout the various stages of a fund’s lifecycle.  These services can be provided in conjunction with our fund directorships or on a stand-alone basis and include:

AML Officer Services: Every Fund domiciled in the Cayman Islands is required to appoint an AML Compliance Officer, a Money Laundering Reporting Officer, and a Deputy Money Laundering Reporting Officer. Harbour provides suitable qualified individuals to fulfil all three roles.

pdf Click here to download the AML Brochure

Trustee Services: As a licensed trust company, Harbour may serve as the trustee for funds structured as Cayman Islands unit trusts. The fiduciary duties and responsibilities of a trustee are not dissimilar from those of directors, and the personnel acting on behalf of Harbour as trustee are those same professionals who provide directorship services. Harbour may also hold the voting shares of a fund in trust, and an affiliated company can provide trustee and enforcer services in Cayman Islands STAR Trust structures.

Registered and Principal Office Services: All Cayman Islands funds are required to maintain a registered office within the jurisdiction.  Licensed funds are required to maintain a principal office. Harbour provides both registered office and principal office services.

Company Secretarial Services:  A fund may elect to appoint a company secretary to assist with the scheduling of board meetings, the preparation of board materials, and the recording of official board minutes. We have industry leading software that can be used to prepare, distribute and store board materials for each client and we tailor our secretarial services to the specific needs of each client.

Administration Services: While we do not provide administration services to funds where we are directors, through a licensed affiliate, we can assist clients with bespoke fund administration requirements when those needs are outside the scope of services typically offered by larger administration firms, including NAV calculation, accounting and shareholder services.

Liquidations and Distressed Situations: Harbour directors have extensive experience in working through distressed situations including the wind down of under performing portfolios, illiquid assets and side pockets as well as in dealing with suspended redemptions, gates and redemptions in kind. Further, through an affiliate, we are also able to provide full insolvency and formal liquidation services. All of this expertise is crucial to protect investors’ interests when an investment manager is no longer in a position to manage the assets.

Other Related Services: Upon request Harbour offers a range of bespoke services to meet our clients’ needs.