Tanoira Cassagne Abogados (TCA) advises on the launching of the first Mutual Funds of Novus Asset Management

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Tanoira Cassagne Abogados (TCA) advises on the launching of the first Mutual Funds of Novus Asset Management

PR Novus

Tanoira Cassagne Abogados (TCA) advised Grupo PPI -Portfolio Personal Inversiones- in the start-up of its new Mutual Fund Management Company Novus Asset Management S.A. (“Novus“) and in the launching of the Mutual Funds “Novus Liquidez Fondo De Dinero” and “Novus Liquidez Plus” (the “Funds“), approved by the local Securities and Exchange Commission.

The purpose of the “Novus Liquidez Fondo de Dinero” fund shall be to preserve the value of the fund’s assets and, within this framework, to obtain current income and capital gains from the purchase and sale of marketable securities, financial instruments and other financial assets (fixed income, public or private, domestic or foreign). The “Novus Liquidez Plus” fund will aim to obtain a moderate appreciation in the value of the fund’s assets and, within this framework, to obtain current income and capital gains from the purchase and sale of marketable securities, financial instruments and other fixed-income financial assets (public or private, domestic or foreign).

Novus is a new company of the PPI Group that was born to complete the offer of a differential and unique service for each of its clients. The Funds are the first to be launched in the market to strengthen its business and offer new investment possibilities to its clients.

Banco de Valores S.A. acts as Custodian of the Funds.

Legal Counsel: Tanoira Cassagne Abogados (TCA): Partner Alexia Rosenthal and associates Ignacio Nantes and Mariana Troncoso.