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Global Equity Investment Fund (GEIST)
Portfolio of the best hedge funds investing in equities
Invests in stock markets with lower volatility and smaller drawdowns
4-year history
Monthly liquidity
Strategy
Invests in the best stock markets (mainly the US) with below-market volatility
Assets
Third-party funds + futures (tracking indexes) + individual stocks
Better than
Portfolio of global equities
Who it’s for
Investors who want to earn income no lower than they would by investing in global equity markets, but with lower volatility
Target net return
9-10%
Risk profile
High (because portfolio assets have exposure to the equity market), but lower than investing in the S&P 500 index
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 July 1, 2023
The GEIST Fund was launched in July 2020. In 2022, a shift in strategy was decided on, and work got underway to transform the Fund into an equity fund of funds (i.e., one that invests in third-party funds). By July 2023, the share of investments in third-party funds became significant (with more than a quarter of net assets invested), hence we consider July 1, 2023, to be the official date of the strategy change.
Pros
Volatility significantly lower than stock indexes
Reliable infrastructure
Transparent results
Cons
Value of portfolio to a large extent depends on global equity market
GEIST Manager Elena Chirkova
GEIST Manager Elena Chirkova
- More than 30 years in investment management
- Held senior positions at Bank of Moscow, Troika Dialog and the Russian divisions of Rothschild & Co and Deloitte
- Author of four books, including Value Investing. Persons and Principles and The Warren Buffett Philosophy of Investment
- PhD in economics; previously lectured at the School of Finance of the Higher School of Economics (Moscow) and at Harvard University
- Graduated from the Economics Faculty at Moscow State University and pursued a master's at Claremont Graduate University
Minimum initial investment:
$100,000
Bank:
Northern Trust
Investment horizon:
2-3 years and longer
Brokers:
CBH, Marex, Lazarus
Auditor:
Baker Tilly
Administrator:
Apex Fund Services
Andrey Movchan on GEIST
Over the last 15 years, only 20-30% of portfolio managers have outperformed US stock indexes. Anyone getting into that race should ask themselves: what makes me better than the 70-80% of professional investors who underperform the market?
Instead, what if you put together a portfolio of funds run by the managers that do beat the market over the long run? This is how GEIST tackles investing in the stock market – investing in carefully selected funds that have proven their ability to deliver alpha. The funds in the portfolio are selected by a team of experienced management professionals led by Elena Chirkova, a respected economist and investor and a very tough critic of managers.
Many (truly) good funds are unwilling to sell shares to private investors, especially small ones. But thanks to our size, reputation and persistence, we almost always manage to get a piece of the best funds.
I invest in the GEIST Fund myself and believe that for our clients who would like to have equity market exposure, GEIST is the right choice.
Still have questions?
Our specialists are always ready to help you to find the right investment strategy and answer all your questions. Contact us today!
