Investment-Fund Trusteeship
The trustee is one of the three core pillars of a fund — alongside the manager and the auditor — and is responsible for safeguarding investor interests and supervising compliance with the fund's charter and prospectus. The trustee is the investor's shield against potential misconduct.
Trustee Duties
1. Supervising the Manager
- Continuous review of the manager's trades against the prospectus
- Sign-off on periodic reports before SEO submission
- Oversight of daily NAV computation and fees
2. Compliance & Risk Control
- Ensuring investment-limit compliance
- Monitoring instrument and industry caps
- Reviewing disclosure events
3. Reporting to the Regulator
- Trustee reports to the SEO
- Alerting authorities to potential breaches
- Documenting corrective actions
4. Governance Participation
- Attending fund meetings
- Reviewing charter / prospectus amendments
- Approving the appointment of manager, auditor and other organs
What Kahkeshan Brings
- Full independence from the fund manager
- A specialised compliance & internal-audit team
- Continuous monitoring systems for trades and compliance
- Timely, accurate reporting to investors and regulators
Who Is It For?
- New funds requiring trustee selection
- Active funds upgrading to a more experienced trustee
- Project funds and REITs with bespoke structures
A trustee is more than a formal signature — it's the investor's vigilant eye in the fund structure.