OVERVIEW

KEY NUMBERS

as of 31/10/2019

€73.6M

FUND SIZE IN BASE CURRENCY

3.46%

YEAR TO DATE PERFORMANCE FOR CLASS U SHARES

3.93%

PERFORMANCE SINCE INCEPTION FOR CLASS U SHARES

OUR VISION

INVESTMENT PHILOSOPHY

Our approach to investing combines macroeconomic, fundamental and technical analysis in a top-down design. Collecting information from different sources helps us uncover a greater array of opportunities and our style-agnostic investment strategy allows us to express our strongest convictions across a broad spectrum of assets.

INVESTMENT POLICY

Our objective is to generate an absolute return over multiple market cycles while keeping volatility and leverage at low levels. To achieve this, the sub-fund employs a global macro strategy and invests principally in OECD countries. The sub-fund will invest in financial derivative instruments to both achieve its investment objective and for the purposes of hedging. The sub-fund invests in both long and short positions on a vast array of financial assets. No particular target in relation to sectors or specific asset classes has been set.

 

INVESTMENT MANAGER COMMENTARY

We will keep a neutral duration in the fixed income portfolio and a low exposure to equities, aiming to trade mainly currencies until the end of the year. After the meeting of the Federal Reserve on Wednesday October 30th, the outlook for the EUR/USD pair should be clearer and will also allow us to take longer-term positions and make profits from currency moves.

 

Download monthly factsheet with full commentary here.

About

CHARACTERISTICS

For ISIN codes see shares below

LEGAL FORM

SULA UCITS SICAV

FUND’S TYPE

UCITS

ASSET CLASS CLASSIFICATION

Multi-Asset

BASE CURRENCY

EUR

DOMICILE

Luxembourg

FIRST NAV DATE

12/12/2018

BENCHMARK

EONIA + 3.5%

INVESTMENT MANAGER

C&D Investments S.à r.l.

MANAGEMENT COMPANY

MDO Management Company S.A.

DEPOSITARY

UBS Europe SE, Luxembourg Branch

Share

Classes

  • ISIN: LU1900183424
  • Category: Retail
  • Reference Currency: EUR
  • Distribution (D) or Capitalisation (C): C
  • Minimum Subscription: 1 Share
  • Minimum Additional Subscription: 1 Share
  • Minimum Holding: 1 Share
  • Maximum Subscription Fee: 5%
  • Maximum Redemption Fee: n/a
  • Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
  • Investment Management Fee: 1.20% p.a.
  • Performance Fee: 10% p.a. of performance above EONIA + 3.5%  under the additional condition that Share Class performance above High Water Mark, on a yearly basis
  • Taxe d’abonnement: 0.05%
  • ISIN: LU1900183697
  • Category: High Net Worth
  • Reference Currency: EUR
  • Distribution (D) or Capitalisation (C): C
  • Minimum Subscription: EUR 1,000,000
  • Minimum Additional Subscription: 1 Share
  • Minimum Holding: EUR 1,000,000
  • Maximum Subscription Fee: 5%
  • Maximum Redemption Fee: n/a
  • Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
  • Investment Management Fee: 0.85% p.a..
  • Performance Fee: 10% p.a. of performance above EONIA + 3.5%  under the additional condition that Share Class performance above High Water Mark, on a yearly basis
  • Taxe d’abonnement: 0.05%
  • ISIN: LU1900183770
  • Category: Ultra-High Net Worth
  • Reference Currency: EUR
  • Distribution (D) or Capitalisation (C): C
  • Minimum Subscription: EUR 10,000,000
  • Minimum Additional Subscription: 1 Share
  • Minimum Holding: EUR 10,000,000
  • Maximum Subscription Fee: 5%
  • Maximum Redemption Fee: n/a
  • Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
  • Investment Management Fee: 0.50% p.a.
  • Performance Fee: 10% p.a. of performance above EONIA + 3.5%  under the additional condition that Share Class performance above High Water Mark, on a yearly basis
  • Taxe d’abonnement: 0.05%

Contact

GET IN TOUCH

C&D Investments S.à r.l.
14, rue Beck
L-1222 Luxembourg
Grand Duchy of Luxembourg

P. +352 20 60 05 70
E. [email protected]

Northern Trust Global Services SE, Luxembourg Branch

2C, rue Albert Borschette

L-1246 Luxembourg

Grand Duchy of Luxembourg

MDO Management Company S.A.
19, Rue de Bitbourg
L-1273 Luxembourg
Grand Duchy of Luxembourg