Effective Date: April 13, 2025
Last Updated: April 13, 2025
1. Purpose and Scope
This Remuneration Policy outlines the principles and practices applied by ASP Asset Management AIFP SIA, a registered alternative investment fund manager (AIFM) registered in the Republic of Latvia, in accordance with the requirements of the Alternative Investment Fund Managers Directive (AIFMD) (2011/61/EU), Commission Delegated Regulation (EU) No 231/2013, and applicable Latvian legislation.
The Policy applies to all employees whose professional activities have a material impact on the risk profile of the company or the managed alternative investment funds.
2. Proportionality
As a small AIFM, ASP Asset Management AIFP SIA applies the remuneration principles in a manner that is proportionate to its size, internal organization, and the nature, scope, and complexity of its activities.
3. Remuneration Components
The total remuneration for employees may consist of:
- Fixed remuneration: Based on the employee’s role, professional experience, responsibilities, and market standards.
- Variable remuneration: Linked to the performance of the individual, the business unit, and the overall results of the firm and the funds it manages.
The company does not guarantee variable remuneration on a contractual basis and does not award bonuses that may encourage excessive risk-taking.
4. Alignment with Risk and Long-Term Interests
The remuneration structure is designed to:
- Promote sound and effective risk management;
- Discourage risk-taking inconsistent with the risk profile of the fund(s);
- Align the interests of staff with those of investors and the long-term performance of the managed funds;
- Prevent conflicts of interest.
5. Governance
Given the company’s size and internal structure, remuneration decisions are overseen by the Board of Directors. No separate remuneration committee has been established, in line with the proportionality principle.
6. Disclosure
This policy is reviewed periodically and updated as necessary to ensure compliance with legal and regulatory requirements. A summary of this policy is published on the Website, and additional information is available to investors upon request.
7. Contact Information
For more information regarding this Remuneration Policy, please contact:
ASP Asset Management
Address: Elizabetes Str. 63-2, Riga, LV-1050, Latvia
Email: ansis.spridzans@spridzans.lv
Phone: +371 29274672