Press Releases

January 23, 2013
Anglo Far-East Custodial Company selected as Precious Metals Agent for new Cayman-regulated physical gold Fund. →

GRAND CAYMAN, Cayman Islands, Jan. 23, 2013 /PRNewswire/ – Anglo Far-East Custodial Company (AFECC) has joined Physical Hard Assets Fund SPC and CIBC Bank to launch a new, fully allocated physical gold Fund regulated by the CIMA.

Under the Terms of Agreement, AFECC will provide all background logistics of acquisition, transport, auditing, safe storage, and liquidation of allocated physical gold bars backing the Fund.

The Physical Gold Fund SP was registered with Cayman Island Monetary Authority (CIMA) on October 17, 2012, and is available to sophisticated and institutional investors only. The Fund has been approved for listing on the Cayman Stock Exchange (CSX).

“Increasingly we are seeing demand for regulated physical gold products which are competitively priced yet provide additional robust protections versus systemic risk,” says AFECC’s Chief Market Strategist Alex Stanczyk. “AFECC assists the Fund with vaulting gold outside the banking system, yet it is fully allocated, and the security and metals meet good delivery standards.”

“Due to the Fund’s structure, metal is not held or vaulted by an entity that may have positions in financial markets or OTC Derivative risks,” commented AFECC’s Treasury Director Simon Heapes . “This gives the benefit of guarding the fund against a systemic domino effect in the economy which has become a concern for many investors in recent times. This unique custodial governance system was designed to closely reflect the time-proven system Anglo Far-East developed and has successfully used for nearly two decades now that we refer to as the Chain of Integrity.”

Trident Fund Services is the Fund administrator, Solomon Harris acts as Legal Counsel, Las Bovedas Company (Cayman) Limited is the Investment Advisor, AFE Custodial Company (AFECC) is the Precious Metals Agent, and Grant Thornton and Ernst and Young are the auditors.

Shares in the Fund are offered on the basis of an Offering Memorandum and Supplemental Offering Memorandum approved by the Cayman Stock Exchange (CSX) and filed with Cayman Islands Monetary Authority (CIMA), and the Memorandum and Articles of Association of PHAF.

About Physical Hard Assets Fund SPC

Physical Hard Assets Fund SPC is a Segregated Portfolio Company domiciled in Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA). For additional information, go to www.physicalgoldfund.com

About AFE Custodial Company

AFE Custodial Company (AFECC) is part of the Anglo Far-East group of companies and provides logistics support to institutions, funds, and trusts in the market of good delivery gold and silver bullion. AFECC handles the full range of acquisition, storage, and liquidation of good delivery metal on behalf of its clients.

March 21, 2011
Anglo Far-East Custodial Company Selected as Precious Metals Agent for New Luxembourg-Regulated Physical Gold Fund →

LUXEMBOURG, March 21, 2011 /PRNewswire/ — Anglo Far-East Custodial Company (AFECC) has joined ABN Amro, Las Bovedas Corporation SARL, and Luxembourg Fund Partners to launch a new physical gold fund regulated by the CSSF.

Under the Terms of Agreement, AFECC will provide all background logistics of acquisition, transport, auditing, safe storage and liquidation of the physical gold bars backing the Fund.

The Precious Metals Fund – LFP Prime SICAV SIF S.A. (Physical Gold Fund) won regulatory approval on March 15, 2011, and is listed under ISIN LU0596820836 for Class A and LU0596823269 for Class I shares.

“We are thrilled to be the Precious Metals Agent for this revolutionary new Fund,” said Anglo Far-East’s Founding Director Philip Judge. “We recognized the need for funds and institutions that wanted to back their offerings with physical precious metals in purely allocated bar form. This custodial governance model eliminates counterparty risk like you may have from the way other products have been structured in the past. Because of our experience and expertise in this area, AFECC is in the ideal position to provide the needed support to the Fund.”

“This Fund’s physical asset holding provides the lowest storage and insurance risk profile for a Gold Fund. Due to its structure, with this Fund the metal is not held or vaulted by an entity that may have positions in financial markets or OTC Derivative risks,” commented AFECC’s Treasury Director Simon Heapes. “This gives the benefit of guarding the Fund against a systemic domino effect in the economy which has become a concern for many investors in recent times. This unique custodial governance system was designed to closely reflect the time proven system Anglo Far-East has developed and successfully used for nearly two decades now that we refer to as the Chain of Integrity.”

About AFE Custodial Company:
AFE Custodial Company (AFECC) is part of the Anglo Far-East group of companies and provides bullion logistics support to institutions, funds and trusts in the market of good delivery allocated gold and silver bullion. AFECC handles the full range of acquisition, storage and liquidation of good delivery metal on behalf of its clients. www.anglofareast.com/afecc

About ABN Amro:
ABN AMRO Private Banking is the international wealth-management division of ABN AMRO Bank with EUR 150 bln of total assets under management offering more than 120,000 high-net-worth individuals a full range of banking, investment management, financial and estate planning products and solutions. Our domestic and international offices in 13 markets worldwide employ over 4,000 professionals. We rank among the top 10 private banks in Europe and enjoy a strong position in Asia. www.abnamroprivatebanking.com

About Luxembourg Fund Partners S.A.:
Luxembourg Fund Partners S.A. is a bespoke independent advisory firm offering comprehensive and tailored solutions integrated through financial products of the Grand Duchy of Luxembourg. LFP is a market leader in the Fund industry and expert in building, administrating and managing Regulated Investment Funds and Investment Structures on behalf of private and institutional clients. www.lfp.lu

Feb 10, 2011
Anglo Far-East Launches Physical Gold and Silver Bullion Logistics Platform for Institutions and Fund Managers →

PANAMA, Feb. 10, 2011 /PRNewswire/ — Anglo Far-East Bullion Company is pleased to announce the launch of Anglo Far-East Custodial Company (AFECC). AFECC provides logistics and support services to institutions and funds that wish to source bullion at the core of the industry for private institutional holdings or for gold or silver backed funds and ETF’s.

AFECC draws on several decades of experience and a solid track record of providing physical gold and silver acquisition, transportation, vaulting, and liquidation of “Good Delivery” gold and silver bullion.

About Anglo Far-East Custodial Company:
Anglo Far-East Custodial Company (AFECC) is part of the Anglo Far-East group of companies, and provides logistics support to institutions, funds, and trusts in the market of good delivery gold and silver bullion. AFECC handles the full range of acquisition, storage, and liquidation of good delivery gold and silver bullion on behalf of its clients.