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Corporate Governance

Guidelines and Principles

For us, Corporate Governance stands for the transparent, responsible and purposeful implementation of international and national regulation as well as for our values and principles. The below guidelines reflect the Corporate Governance requirements of the entire Aquila Group.

The guidelines of Alceda Fund Management S.A. are regularly reviewed based on the development of national and international standards and regulatory requirements and are adjusted accordingly.

In the performance of their tasks, the executive and administrative board as well as the employees of Alceda Fund Management S.A. fully identify themselves with the Corporate Governance guidelines.

Best Execution policy

As a management company Alceda Fund Management S.A. is obliged to provide investors with adequate information regarding the best execution of trades. The Best Execution Policy includes principles for the implementation of decisions relating to the purchase or sale of assets.

For more information, please refer to the Best Execution Policy

Guidelines on the exercise of voting rights

The safeguarding of the interests of investors also includes the possibility to exercise voting rights at shareholders’ meetings.

Alceda Fund Management S.A. exerts stock voting right in the investor’s interest at general meetings directly or indirectly through an authorised body on the basis of the hereby established guidelines.

For more information, please refer to the Voting Rights

Principles of Dealing with Conflicts of Interest

For an asset management company with a broad client base, conflicts of interest can arise in a number of situations. Due to the accordance with statutory provisions and guidelines we have a number of systems and control mechanisms in place with regard to dealing with conflicts to protect our clients from disadvantages.

For more information, please refer to the Dealing with Conflicts of Interest

Information on the Complaints Procedure

The satisfaction of our customers is of utmost priority to us. We have therefore established a point of entry for complaints which you can turn to if you want to convey criticism. Alongside with the compliance of legal guidelines, your comments are valuable to us be able to continuously optimise our processes.

Please note: the information is available just in German. The English version will follow soon.

ALFI Code of Conduct for Luxembourg Investment Funds 

Alceda Fund Management S.A. is a member of “Luxemburgischer Fondsverband” and complies with the Code of Conduct of the Association of the Luxembourg Fund Industry (ALFI).

For more information, please refer to the ALFI Code of Conduct

BVI-Rules of adequate behaviour

The rules of adequate behaviour formulated by the consolidated management companies of the “Bundesverband Investment und Asset Management e.V.” include a general standard of a prudent and responsible handling of the capital of investors and their rights.

As a full member Alceda Fund Management S.A. obeys the BVI-rules of adequate behaviour


Remuneration Policy of the Aquila Group

Pursuant to section 7 InstitutsVergV please find mandatory disclosures concerning remuneration here (Please note: the information is available just in German. The English version will follow soon).