Providing information to investors in connection with alternative investment funds
Percentage of assets of special funds of qualified investors covered by the special scheme resulting from their illiquid nature
There are no illiquid assets in the assets of managed special mutual funds of qualified investors called TAM - PrivateDeposit Fund, TAM - Private Personal I. and TAM - PrivateExclusive Fund.
Liquidity management of special mutual funds
The Management Company manages liquidity risk through two models.
i. The objective of the operating model is to provide sufficient liquidity to meet the current liquidity needs and unchanged liquidity characteristics of the assets held. The company regularly monitors the liquidity of assets (fund assets) as well as the development of liquidity needs (fund liabilities). The required risk setting is secured by internal limits.
ii. The Company performs liquidity stress testing on a regular basis and develops contingency plans for obtaining additional liquidity. Their aim is to analyze the sensitivity of mutual funds to liquidity risk in stressful conditions and subsequently to identify opportunities to address temporary liquidity shortages.
Information on current risk profiles of special mutual funds and risk management systems
Information on the current risk profiles of special mutual funds can be found in the sales prospectus, articles of association or key investor information of the relevant mutual funds.
The Company identifies and measures risks through internally developed or acquired and internally tested statistical models, historical simulations and analyzes from issuers' financial statements and financial information provided by external sources. Market risk (interest rate, equity, currency and alternative investment risk) is managed through changes in the setting of the required risk parameters of the portfolio based on internal quantitative models. Counterparty risk is managed through changes in the maximum limits for cash investments and credit risk bond investments based on internal quantitative models and on the assessment of the internal assessment of the credit quality of issuers of financial instruments. Liquidity risk is managed by setting internal limits. The company sets and re-evaluates the setting of limits with regard to the normal functioning of financial markets (operational model) as well as under the assumption of stress conditions (liquidity stress testing and contingency plans). The degree of risk of the management of the underlying fund is assessed on the basis of regular monitoring of the actual and expected appreciation of the underlying fund. Operational risks are managed through a structured set of models, the aim of which is to identify possible operational risks, to establish tools for identifying the probability of their occurrence and to take measures to mitigate this probability as well as to mitigate possible negative impacts.
Maximum level of leverage that a management company may use in a given special mutual fund
The maximum level is 100 %.
Information on any right to re-use collateral or any guarantee provided under a leverage arrangement
The company does not exercise such a right.
Risk is associated with investing in a mutual fund. The Statute, Sales Prospectus, and Key Investor Information for mutual fund investors are available in Slovak at Tatra banka, a. s. branches.
Frequently asked questions
- How to proceed when investing in mutual funds?
- What to prepare for when investing?
- What is the minimum investment amount and fees?
- Can I to send money to my investment savings at any time?
- How is the return on mutual fund assets paid out?
- What is the PLUS Savings Program and the Savings Program?
- How do I transfer money to another fund?
- Can I allow another person to dispose of my mutual fund?
- What is mutual fund share redemption?
- Can I invest in foreign currency?
- How are mutual fund share exchange rates determined?
- How is the return on the sale of mutual funds taxed?
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