11 Noviy Arbat Street,
Office 1321,
Moscow , Russia , 119019
TUSK RSO fund
About the TUSK RSO fund and TQS team
The TUSK Group was founded in 2004 by Andrew Irwine, who is the President of the Group.
TUSK pools the assets of several companies in various jurisdictions (United Kingdom, Switzerland, Luxembourg, Cayman Islands) and holds a license issued by the Financial Services Authority (FSA), Great Britain.
TUSK engages in two main areas of business: capital management and structured products.
TUSK has $2.7bn of international investors’ funds under management
As a result, TUSK holds $2.7bn of funds from international investors under management, while the Group’s clients include the biggest Funds of Funds in Europe, state pension funds in the United States and Asian investors.
TUSK Quadro Securities arose in 2008, as the result of a merger between TUSK Capital and Quadro investment company, thus paving the way for foreign private investors to buy into the securities of attractive Russian companies.
What we offer
Stability on the second-tier market via the TUSK RSO Fund
We offer a diversified low-liquidity share portfolio by way of the existing TUSK RSO Fund.
Action algorithm:
- 1 Open and account at TUSK RSO
- 2 Placing securities within the Fund’s depositary
- 3 Drawing in international investors
- 4 Monetizing shares and withdrawing funds
Comparative investment analysis on entering illiquid shares
| Broker’s account in a Russian company | Ownership through TUSK RSO Fund |
| Form of ownership
The investor has direct ownership of stocks which are stored in Russia on a custody account or personal account in the shareholders’ register. |
The investor owns a fund unit in an offshore fund which gives the right to dispose of a block of shares which is stored in a custody account of the Fund in Citibank 1. |
| Disposal
The investor shall be entitled to freely dispose of shares, which includes transferring them to other custody accounts, pledging or assigning them to repo. |
The investor is entitled to freely dispose both of fund units in the Fund and a block of shares through direct instructions given to the Fund Manager. The Fund Manager is entitled to perform any actions with the block of share only with the unit holder’s consent. |
| Sales potential
The investor offers for sale a relatively small block/portfolio of shares with a high concentration of risks and the absence of any real secondary market. |
Fund units are marketed at the Funds London headquarters for European clients, and also by way of syndication for global investors from Asia and the Middle East. The Fund is conveniently structured for making large investments ($20-50mn) for institutional investors. Unit funds are marketed as access to a diversified portfolio of non-public companies in Russia. |
1 Unit fund access to a specifically placed asset (block of shares) is obtained using the side-pocket mechanism
