PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.
The principal investment objective of the fund is to achieve capital appreciation while actively managing the risk associated with the trading strategy. An annual double digit return target is envisaged, which in turn is dependent on the volatility of the underlying markets the Fund is investing in and on the investment opportunities offered by those markets the Fund is actively pursuing to invest (focus is on the main European equity markets). Based on those parameters, the Company has delegated the development and execution of the Investment Strategy to its Investment Manager, who will be responsible for its implementation to achieve the Investment Objective.
The Investment Strategy is a Strategy between MANAGED FUTURE and RELATIVE VALUE.
Most of the time our exposure is MARKET NEUTRAL and our method is basically SYSTEMATIC and QUANTITATIVE.
The target of the Investment Manager is based on identifying cyclical trends in equities and currencies, whereby the core element is the use of a revised formula based on the common CCI oscillator (Commodity Channel Index). This indicator will be used in conjunction with other indicators and it is a common valuable tool to help to identify potential changes in the direction of price movements of an asset. The trading strategy applied by the Investment Manager is dynamic and focuses on structuring of futures and option strategies to maximize returns. Such strategies will have expiry dates of approximately one month, however, where opportunities arise, the Investment Manager may make short-term structured investments with expiry scenarios of days or possibly hours.
The monitoring of each position is twofold, on the one hand it is focused on hedging the open future position and on the other hand, it is taking into account the various fundamental parameters (Delta, Gamma, Theta and Vega) of the underlying options.