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Absolute Return Global Opportunity Fund (ARGO)

Diversified portfolio of conservative assets

Outperforms the iShares Core Global Aggregate Bond UCITS ETF and Bloomberg Global Aggregate Bond Index by 5.0% a year on average.

9-year history

Weekly liquidity

Absolute Return Global Opportunity Fund (ARGO)

Strategy

Invests in a conservative portfolio of assets, including fixed-income instruments, funds and options strategies focused on debt markets

Assets

Third-party funds + bonds + options on debt instruments

Better than

Diversified portfolios of bonds, other conservative debt market instruments

Who it’s for

Investors who want to earn income above inflation with low risk of significant losses

Target net return

4-6%

Risk profile

In line with a portfolio of investment-grade bonds

These materials are not intended for residents of the EU, the United Kingdom, or the United States, and do not constitute an offer to invest.

Historical Profitability

Value of $100 invested on October 1, 2016

Class 1 USD

Class 2 USD

Composite Benchmark of HFR Indices

SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)

iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)

iShares Core Global Aggregate Bond UCITS ETF (AGGG)

From January 1, 2021, the ARGO Fund started investing in third-party funds.

Pros

Stable performance, better than mono-strategies

Reliable infrastructure

High liquidity

No fees for subscriptions or redemptions

Cons

Underperformance in a rapidly rising bond market

Portfolio exposed to risk of macroeconomic deterioration, mainly through interest rates and credit risk

Eugeniu Chirau, Partner, Strategy Advisor

Partner at Movchan’s Group, ARGO Fund manager
Background in macroeconomic analysis and investment management with expertise in FI instruments, equities, derivatives and alternative investments
Lead analyst advising on Movchan’s Group investments since its founding
Conducts academic research; author of numerous articles for economic research institutions and the media
CFA; MSc with honors in Strategic Corporate Finance from Higher School of Economics (Moscow)

Minimum initial investment:

$100,000

Bank:

Northern Trust

Investment horizon:

Two years and longer

Brokers:

CBH, Marex, Lazarus

Auditor:

Deloitte

Administrator:

Apex Fund Services

Andrey Movchan on ARGO

ARGO is the most conservative product that we offer, designed for investors who do not chase returns but also do not want to lose their savings.

The market for defensive investments is very big and very deceptive: it is easy for a nonprofessional to make a mistake, and a major loss takes a very long time to claw back.

Our team is experienced and knows how to avoid mistakes. Yet we have the humility to admit that we are not expert in the whole market, and in niches where our knowledge and experience fall short, we buy funds managed by other teams – funds that have shown stable market-beating results and have passed our thorough selection process.

The bulk of my liquid savings are invested in the ARGO Fund. With the best products in the market in its portfolio, I am confident that the Fund is an optimal investment for a conservative investor.

Still have questions?

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