AMX hosts pooled vehicles for a desired fund manager’s strategy. But rather than the fund manager being responsible for the set-up and running of the pooled vehicle, AMX takes on that responsibility.
AMX is responsible for the governance structure which includes establishing a board of directors for the fund, fully independent of the fund manager.
In addition, AMX chooses all third parties and service providers for the pooled vehicle (e.g. custodian, auditor, prime brokers and administrators). This allows AMX to use its expertise, aggregate scale and negotiating power to reduce costs typically associated with running a pooled fund vehicle, such as prime brokerage, legal, administration and operational costs.
If it sounds simple, that’s because it is.
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