L1 Capital Long Short Fund(Offshore Feeder)
L1 Capital Long Short Fund is a Caymans Fund investing in a portfolio of predominantly Australian Equities based on fundamental themes. It can invest upto 30% in global securities and can leverage as well as go short. Net exposure is capped at 1.5X (but is typically 0.3-1.3X) while gross exposure is capped at 3X. Borrowing will be limited to 50% of Net Asset Value. It follows an aggressive flexible strategy and can be +-30% per month. It has significantly outperformed its ASX 200 benchmark.
Aurigin Long Short Fund
Aurigin Fund is a Caymans Islands registered Discretionary long-short Hedge Fund focused on India/ Asia. It can use upto 2.5X leverage and uses derivatives. The objective is to trade a basket of uncorrelated low-downside trades based on fundamental research to capture the best risk-reward opportunities and capitalise on inefficiencies in relative pricing of various financial instruments across capital structure. It targets to generate 15-20% p.a. returns over a market cycle. It has not had a negative year of returns since inception. However, it is volatile and has had significant monthly drawdown.
FengHe Asia (USTE) Fund Ltd A
FengHe Asia Fund is a Cayman Islands incorporated long/short equity fund investing in listed equities of Asian companies. It invests in 50-70 names with total gross exposure between 70-140%. Short positions are for alpha generation. Core themes are China, Technology and Southeast Asia. It uses a fundamental bottom-up position building approach. It has low correlation to market indices (MCSI AXJ) and has delivered outperformance in all down months through a disciplined stop-loss process.
GoldenTree Master Fund
GoldenTree Master Fund (the "Fund") is one of the longest running credit funds in the world with USD 9B AUM and 20 year track record. It is an opportunistic, actively managed long-short strategy that invests across a range of credit products such as leveraged loans, high yield bonds, structured products, distressed investments, emerging markets, and credit-themed equities. Its long term net exposure is ard. 70%. As of August 2021, the fund has around 50% of its assets invested in the US with its long exposure to the market being 93% and short exposure being -24%, across 131 issuers. The portfolio is largely idiosyncratic and event-driven with more than 40% invested in distressed, structured products or emerging market situations that can deliver attractive returns independent of the broader market environment. The Fund has delivered annualized net returns of 9-10% since its inception (in 2000) without a single negative year and less than half of the volatility of equity markets. The investment is made via the feeder- GoldenTree Select Offshore Fund Ltd, a Cayman Islands exempted company.
Amazon Market Neutral Fund
Amazon Market Neutral Fund, a Cayman Islands registered fund, primarily focuses on Australian equities but also invests in the Asia-Pacific region and other global markets. It is predominantly a long/ short equity fund, allowing it to add value in both rising and falling markets. The portfolio has around 400 gross positions with most exposed to the Materials & Healthcare sector. Gross leverage (total notional value of all long and short positions) for the fund is typically around 300% to 400% of NAV. Since Inception, the fund has generated an annualized return of 13.01%, its NAV rose by 608% and ~2/3rd of total months are positive (as of Aug 2021). The fund best suits the investors who are bullish about the Australian market and looking to invest for a long term horizon (3-5 years). The Fund provides attractive returns with low correlation to equity markets through strong fundamental value stock selection, the exploitation of market inefficiencies and thorough risk management.
Fenghe Opportunities Fund
FengHe Opportunities Fund (FHO) is a Cayman Islands incorporated global technology-focused, concentrated equity long/short fund. It invests in public equities of upto 20 long positions and 10 short positions with total gross exposure below 100%. The fund uses structural drivers in the development and decline of technology companies to identify companies that will undergo change as part of the global technology evolution. The fund invests across capitalizations, geographies and sectors and has beaten broader market cap indices since inception. It has a low correlation with the S&P 500 (0.56) and takes leverage in the range: 0.8-1.5x. It seeks high capital appreciation and the fund’s annualised return is 32.58%, with a vol of 14.33%, and a sharpe ratio of 2.23. The Fund is managed by John Wu based on his 30+ years’ experience of investing in several successful companies and the partners have significant investments in the Fund themselves.
Sona Credit Master Fund - C1 class
The Sona Credit Master Fund (SCMF) is a Cayman Islands registered, European focused, long/short and event driven credit fund. The fund incorporates a combination of fundamental, event-driven & relative valuation analysis with a mandate to trade across the full breadth of the credit quality spectrum. The portfolio has 60% short positions, 3/5th of exposure in high yield securities with around 80% of investment in the European market ( as of Sep 2021). SCMF has a very high sharpe ratio of 3.23, zero negative months and has beaten the benchmark since inception. The fund favours liquid instruments (average holding period range from weeks to months) and emphasis on capital preservation & outperformance at times of stress. SCMF consists of four distinct sub-strategies - a. EU High Yield (40% - 50%) b. EU Investment Grade & Financials (30% - 40%) c. US High Yield & Investment Grade (10% - 15%) d. Convertibles Bonds & Equity- Linked (10% - 15%) The returns history for SCMF is available since its inception in Feb 2020. However, the team has also run a Sona European Credit Long/ Short Managed Account (AUM- USD 500m) since Dec 2016 with an equally strong track record (Details in factsheets).
AVM Global Opportunity Fund
AVM Global Opportunity Fund is a Caymans Islands incorporated Discretionary Hedge Fund operating under an MAS license. It has adopted a low volatility strategy to deliver uncorrelated returns with a strong focus on capital preservation. It operates in liquid markets and instruments. It combines fundamental research with a systematic investment process to focus on key macroeconomic & global themes, such as Monetary policies or global recovery. The target is to deliver 10-15% IRR on an absolute basis.
HASELECT – Waterford LLC Life Settlement fund is a US Delaware incorporated Fund that seeks to achieve long term capital growth through the acquisition and trading of US life insurance policies, also “Life Settlements”, issued by highly rated life insurance companies. It targets 10-15% IRR with low volatility or negative drawdown months. The Strategy selects policies that are beyond contestability period, and build a diversified portfolio across numerous metrics, including carrier concentration, expected maturities, gender, age and medical impairment. It is run by experienced sub-advisors. Valuation is by 3rd party agents- Lewis & Ellis, Kansas, US. Meant for medium term investors on account of reduced liquidity of underlying assets and therefore lock-ins.
Abans Global Arbitrage Opportunities Fund
Abans Global Arbitrage Opportunities Fund is a Mauritius registered Discretionary Commodities Hedge Fund. It conducts arbitrage transactions across Commodities and Currencies traded on global exchanges. It targets to generate 10% p.a. consistent returns with low volatility and drawdowns. It has not had a negative year of returns since inception. As a result, the fund volatility is low and the Sharpe ratio among the highest on our platform.
Aravali Global Arbitrage Fund
Aravali Global Arbitrage Fund is a Caymans Islands registered Discretionary Macro Hedge Fund. It focuses on arbitrage strategies in FX, commodities, rates and volatility through active market making and spread driven trading. It targets to generate 10% p.a. consistent returns with low volatility and drawdowns. It has not had a negative year of returns since inception. As a result the volatility is low and the Sharpe ratio among the highest on our platform. Why this Fund ?
- 1. Consistent low volatility (max drawdown of 0.9%) with a high Sharpe ratio
- 2. Focus on positive stable returns while investing in highly liquid assets
- 3. Experienced Fund Managers (since 2014) with a single strategy
Blackoak Investors LP Class A - Growth
BlackOak is a UK Alternative Investment Fund seeking long term capital growth through acquisition & trading of life insurance policies (“Life Settlements”) issued by highly rated life insurers. It targets 10-15% IRR with low volatility. It has a diversified portfolio across carrier concentration (Max 15%), life expectancy (<7yrs) and age (>80yrs). It is run by a highly experienced Fund Manager. Meant for medium term investors on account of reduced liquidity of underlying assets. Why this Fund ?
- 1. Consistent low volatility with 95% positive months and stable returns
- 2. Highly Experienced Fund Managers with 30yr experience
- 3. Unusual asset class uncorrelated with financial markets
PruLev Global Macro Fund- Class C
PruLev Global Macro Fund is a Global Quantitative Macro Hedge Fund in Singapore. It tracks 100 derivative instruments across major liquid markets and usually has positions in 60-75. Its strategy capitalizes on major events, economic trends and other systemic factors. It targets 30-36% IRR with equivalent volatility and a Sharpe ratio of 1 to 1.2. Maximum monthly drawdown has been over 35%. Redemption Fees are imposed to ensure investors recognise the implicit monthly volatility in the fund. Why this Fund ?
- 1. Multiple award winning and well know Asian Hedge Fund in the USD 500m size category
- 2. Strong returns of 32% per annum since inception in 2016
- 3. Focus on capital appreciation with no correlation to any other asset class
UTM Option Strategies Fund
UTM Option Strategies Fund is structured as a Singapore VCC. The fund maintains monthly short positions in index (S&P500) options and reverts to cash on expiry weekend. It protects against the inherent gap/ tail risk arising from shorting options through the use of quantitative principles to develop confidence bands for price movements. These are incorporated into a proprietary real-time, fully automated, API based Risk Management system that continuously monitors positions helps make position adjustments to prevent large losses. There is also an implicit leverage in the strategy. The fund strives to generate 1% - 2% return on a monthly basis with expected return of more than 20% pa. It is suitable for investors with a high risk appetite and looking to diversify long equity portfolios. The fund benefits in a high volatility scenario which generally occurs during bear markets. The fund has performed well though with a small AUM and short track record.