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ARGO FUND SP (ABSOLUTE RETURN GLOBAL OPPORTUNITY)

A better alternative to a deposit in a reliable bank - safer, more profitable, more liquid

ABSOLUTE RETURN GLOBAL OPPORTUNITY (ARGO) FUND SP

Monthly report

KIID

Types of Investors

Eligible investors, other than US persons, politicians and high-ranking officials, who have passed KYC and AML procedures

Ways to invest:

Directly from a private person or a company, through a brokerage account in a bank or broker, through a holding account in an insurance company

Country of registration

Cayman Islands

Minimum subscription

USD 500 000, EUR 500 000

Transactions start date

1th of April, 2016

Currency

USD, EUR

Liquidity

Monthly

Net Assets Value reporting

Monthly

Other aggregate expenses

Not more than 0.3 %

Periodical reports

By request

Management fee

1%

Success fee

10%

Auditor

Deloitte&Touche

Legal advisor

Walkers (Dubai) LLP

Administrator

Apex Fund Services Ltd

Prime broker

UBS Switzerland AG

Bloomberg ISIN 1

KYG1988M5047

Bloomberg ISIN 2

KYG1988M4966

5,1%

Доходность
с начала управления

1,4%

Волатильность
с начала управления

3,7

Доходность
к волатильности с начала управления

2,8

Коэффициент Шарпа с начала управления

3,8%

Доходность
с начала управления

1,4%

Волатильность
с начала управления

2,8

Доходность
к волатильности с начала управления

1,7

Коэффициент Шарпа с начала управления

Annual return* of ARGO Class 1 Shares since inception

The return on Class 1 (USD) is estimated at 5.7% per annum from April 2016 to the end of 2020 with a volatility of 1.3% (Sharpe Ratio 0.7; Sortino 0.8). The return on Class 1 (USD) in 2020 was 5.36%. The return on Class 1 (USD) from January to May 2021 calculated -0.6%.

A 1.9% decline in share prices occurred in the 1st quarter due to a corporate scandal of one of the issuers; starting from the second quarter, the portfolio began to recover; the return in May was 5% per annum. Managers believe that the period of lagging behind target levels of return has passed; they expect further share price growth.

The FUND │ Investment declaration

Instruments

The funds' portfolio may include fixed income instruments, structured products, other types of debt-related instruments as well as the limited quantities of share-like instruments.

Liquidity

The fund invests in instruments with appropriate liquidity, so that the potential demands for redemptions by investors can be satisfied upon request in strict accordance with their right for unlimited redemptions with less than a month prior notice.

Concentration and distribution of risks

  • Share of any of instruments or groups of instruments issued by affiliated issuers in the portfolio may not exceed 10% of the net asset value of the portfolio;
  • Share of exposure of any of structured products and/or any equity-type investment in the portfolio may not exceed 5% of the net asset value of the portfolio;
  • Share of instruments, not being the fixed income and/or debt-related instruments in the portfolio may not exceed 30$ of the net asset value of the portfolio;
  • Share of equity-type instruments in the portfolio may not exceed 15% of the net asset value of the portfolio;
  • Share of fixed income instruments issued by issuers with their ratings lower than «B+» according to at least 2 rating agencies will most of the time not exceed 25% of the net asset value of the portfolio;
  • Average duration of the fixed income instruments will most of the time be limited and the share of perpetual bonds will most of the time be less than 10% of the net asset value of the portfolio. The share of instruments with modified duration exceeding 5 years will most of the time be less than 25% of the net asset value of the portfolio;
  • The managers do not anticipate opening of any short positions other than for the purposes of hedging of the currency, credit or other risks. In any case the consolidated short position will not exceed 35% of the net asset value of the portfolio, not accounting for the short positions (or/and NDFs) opened for hedging of currency exposures arisen from the long positions in the instruments nominated in currencies other than the US dollar.

Leverage

The leverage of the portfolio may reach up to 100% of the Net Asset Value of the portfolio.

Currency risks and limitations

Unhedged currency position of the portfolio may not exceed 20% of the net asset value of the portfolio.

Company Information

This website page is operated by Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP registered in Cayman Islands as a Segregated Portfolio of the exempted company incorporated with limited liability and registered as a segregated portfolio company under the laws of the Cayman Islands and registered as a mutual fund under the Mutual Funds Law (as amended) of the Cayman Islands with company registration number 913426.

To verify https://www.cima.ky/upimages/commonfiles/1499783502ListMutualFunds.pdf

The registered address of company:
P.O Box MP 10085, One artillery Court, 161a Shedden Road, George Town, Grand Cayman, Cayman Islands KY1-1001.

Investors

Only Eligible Investors who are Non-U.S. Persons could invest to of Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP.

Compliance Information

The views expressed herein do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP and no assurances are made as to their completeness or accuracy. An investment in Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP should be viewed as a means of diversification within the context of an overall investment portfolio, and an investment should be made only after consulting with independent and qualified sources of investment and tax advice. No information on this site constitutes investment, tax, legal or any other advice.

If you are unsure about the meaning of any information provided, you must consult an appropriate regulated financial or other professional adviser. An investment in Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP is speculative and involves a high degree of risk. An investment in the products referred to in this website is suitable only for investors who can afford to lose all or a portion of their investment. No one should commit to invest a large percentage of their readily marketable assets in Cayman Emerging Manager Platform SPC - Absolute Return Global Opportunity (ARGO) Fund SP. There can be no assurance that the investment objective of any of the products will be achieved and investment results may vary substantially over time. Investment in any of the products is not intended to be a complete investment program for any investor. Past performance is not a guarantee of future performance. The price of units or shares can go down as well as up and may be affected by changes in rates of exchange. Income from investments may also fluctuate and be affected by changes in the rates of exchange. Data is complimentary to and not a substitute for independent professional advice from a person qualified to provide it in your home country. The information contained on this website is subject to copyright with all rights reserved.

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