Governance

The Fund’s management is supervised by the TCX Supervisory Board, which is responsible for oversight and governance of the Fund’s policies and strategy. The current Supervisory Board members are either independent or related to substantial investors in the Fund.

TCX’s Valuation Committee is a unique feature of the TCX governance model, consisting of 5 independent professionals chosen for their expertise in emerging and frontier markets. The Committee’s purpose is to a) decide on the ‘benchmark’ curves to be used by the Fund Manager for pricing and valuing TCX’s derivative transactions, b) advise the Fund Manager on global macro-economic trends and risk issues, and c) advise the Supervisory Board on relevant topics on an ad-hoc basis. The Committee does not engage in setting the actual pricing on individual trades and imposing conditions or restrictions.

Supervisory Board

Marcus Fedder

Chair of the Supervisory Board & Member of the Remuneration and Nominations Committee

Bola Adesola

Member of the Risk Oversight Committee

Sarah Russell

Chair of the Audit and Compliance Committee & Chair of the Remuneration and Nominations Committee

Tim Armbruster

Chair of the Risk Oversight Committee & Member of the Audit and Compliance Committee

Jingdong Hua

Member of the Audit and Compliance Committee and Member of the Risk Oversight Committee

Valuation Committee

Nikolaus Siegfried

Chair of the Committee

Peter Redward

Committee Member

Louis Sabatino

Committee Member

Vincenzo Zinni

Committee Member

Sebastian Espinosa

Committee Member