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
Types of Investors
Eligible investors, other than US persons, politicians and high-ranking officials, who have passed KYC and AML procedures
Investment options:
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
ARGO SP | Net asset value
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.