The independent, full-service wealth manager specializing in bespoke family office solutions will streamline investments through a series of fund strategies to cater to Asia’s high net worth individuals and single-family offices.

Envysion Wealth Management has set up a Variable Capital Company (VCC), through which it will launch multiple sub-funds, including commodity trade receivables, trade financing and collateralized physical gold, with a variety of investment strategies, it announced on Monday.

«It presents unique investment strategies for our clients and also provides an opportunity for single-family offices to tap on the infrastructure that we’ve established to complement their existing services,» said Veronica Shim, Envysion founder and CEO, said about the launch of Envysion Global Investments.

The VCC will also allow funds to be re-domiciled in Singapore to better tap into Asian markets and enjoy tax incentives and treatments available to investment funds in the city-state. With a Singapore-domiciled fund, co-location of the fund vehicle and the wealth management entity allows for better economies of scale in terms of operating costs and a more extensive range of benefits that investors can tap into, the announcement said.

Greater Flexibility

The VCC framework was launched in January by the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) to cater to the needs of global investment funds and investors by giving fund managers greater flexibility in share issuance/redemption and the payment of dividends.

The first sub-fund strategy under Envysion's VCC focuses on nickel receivables. The investment strategies for the second and third sub-funds, expected to launch later this year, will be around trade financing and collateralized physical gold, respectively.

Envysion was founded in January 2020 by former EFG Bank managing director and head of Southeast Asia Veronica Shim. The firm currently has around $800 million in assets under advisory and is looking to grow assets to $1.5 billion by year-end.