The Fund has its own website www.dynamicopportunitiesfund.com where you should read all relevant disclosures. The key aspects of the Fund are:
· Investing in the best companies, in the best sectors, in the best markets.
· Aiming to make a positive return every year
· Focusing on stocks that are anomalously cheap: i.e. there is no obvious explanation or if there ever was one, it has lapsed.
· Taking profits when market perception catches up with the reality, which can take up to 12 months.
The Fund will typically hold 30-40 positions typically at any one time with no individual position greater than 5% of total capital. Any individual holding will usually have a market capitalisation in excess of US$1 billion ensuring high levels of liquidity at all times, thereby enhancing the ability to respond to any news flow that changes the fundamental underlying story. A clear ‘two strikes and out’ policy on individual positions: allowing for opportunistic further investment in response to an initial price fall while a second fall will result in a sale. Overall, it is expected that an investment in the Fund will represent a medium to high risk for investors.
The Fund Manager
The Fund will be managed by Chris Bailey, who has over 20 years of investment industry experience at long-only and long-short institutions as a global multi-asset fund manager of UCITS and mutual fund products, as a strategist/macro thinker and, in the earlier part of his career, as a securities and fund analyst. He founded Financial Orbit Limited in 2013 to provide macroeconomic comment and securities analysis with relevance for global investors. From Fund partners Daniel Stewart & Co Chief Economist Alastair Winter and Founder Peter Shea will make up the rest of the Investment Committee
Wrapper: Quam Funds SICAV, Luxembourg
Style: Stock selection long equity, accumulation units only
Market capitalisations: All above $1 Billion Market Cap
Markets: All major Global equity markets
Target size: £300M maximum
Fee structure: 0.5% subscription fee; 0.99% annual management fee waived for an initial period; 10% performance fee with an annual 5% hurdle after all fees and other running costs.
Fund Administration, Registrar and Transfer Agent: BNP Paribas Securities Services, Luxembourg
Fund Regulator: Commission de Surveillance du Secteur Financier (CSSF)
Liquidity: Weekly dealing point