Special Fund Establishment and Management

Investment funds established by a Portfolio Management Company, whose shares are allocated to predetermined individuals and/or institutions, are called "Special Funds." The special fund's investment strategy and the product groups in which it will invest are clearly stated in the fund prospectus.

 

 

The Special Fund is a suitable investment tool for individuals and institutions that have assets of a certain size and want to evaluate these assets with a long-term perspective.

 

– Individuals, families, family businesses

– Institutions, Company Partners, Managers, Employees

– Foundations, Associations and Unions

– Professional Groups, Sectoral Investors 

 

 

 

A Special Fund is established with an investment strategy determined by the investor's risks and expectations. One of the fund's greatest advantages is that it allows for the implementation of various investment strategies within a single fund, and the strategy can be adjusted as needed based on market conditions.

 

 

The Special Fund is managed by Has Portföy's experienced and expert portfolio management team.

 

 

In the establishment of a Private Fund, it is not mandatory to disclose the names of the fund's investors to the public; merely notifying the CMB at the establishment stage is sufficient.

 

 

Special fund participation shares can be converted into cash provided they are returned to the fund in the required quantity within the notice periods specified in the fund prospectus. Requests received are converted into cash by Has Portföy on a best efforts basis.

 

 

All income obtained from Special Funds (without filing a tax return) is taxed with a withholding tax at source of 0-10% depending on the fund type.

 

 

Taxation on investment funds is deducted at the source through withholding tax. Therefore, no additions will be made to the income tax base through the declaration of investment fund income.

 

Investment fund withholding tax is deducted immediately upon the liquidation of fund shares. Therefore, as long as no fund shares are sold after the fund is entered, the accumulated withholding tax can be deferred, creating the opportunity to generate significant funding income.

 

 

Has Portfolio will apply to the Capital Markets Board (CMB) for permission to establish a private investment fund under the umbrella fund platform. Once approved, Has Portfolio will become the fund's founder and manager. The fund's launch (application and CMB approval) may take approximately two months. The fund will be regulated by the CMB.

 

The Special Fund (For example; Has Portföy Management Inc. … Fund) will be established as a Variable Fund or Free Fund and will invest flexibly in different asset classes, thus not being subject to asset/sector restrictions.

 

Denizbank A.Ş. will be the official custodian and fund servicing unit of the fund.

 

Fund participation shares belonging to the special fund will be kept in custody accounts opened in the participants’ names by Has Portfolio Management at Denizbank.