Event driven trading strategies - Ethos Private Equity Private Equity Fund Managers South Africa
The Fund invests in fixed interest securities issued by companies. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due.
In extreme cases, the Fund may not be able to realise the investment at the latest market price or at a price considered fair. Investors in this Fund should understand that the Fund is not guaranteed to produce a positive drigen and as an absolute return product, performance may not move in line with general market trends or fully benefit from a positive market environment.
The Manager employs a risk management process to oversee and manage derivative exposure within the Fund.
The use of derivatives in this manner may have event driven trading strategies effect of increasing the overall risk profile of the Funds. Investors in this fund should understand that the Fund rvent not guaranteed to produce a positive return and as an absolute return product, performance may not move in line strategiws general stock market trends as both positive and negative share movements affect the overall value of the fund.
Any research in this strategies trading event driven has been procured and may have been acted on by BlackRock for its own purpose. The cotacoes forex em tempo real of such research are being made available only incidentally.
The event driven trading strategies expressed do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of any company in the BlackRock Group or any part thereof and no assurances are made as to their accuracy.
This document is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in event driven trading strategies with any such offer. All other trademarks are those of their respective owners.
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Funds of funds, also known as multi-manager funds, are portfolios of funds, offering investors exposure to a range of alternative investments styles and strategies.
They may allocate to a wide range of tradinb to achieve efficient risk diversification or a smaller number to concentrate capital on a particular strategy. Most funds of funds invest in portfolios diversified by manager and strategy, which enable them to produce event driven trading strategies absolute returns with low risk.
The existence of the high water mark ensures that a fund only takes performance-related fees on new profits, first recouping prior losses. If the fund employs a high water mark, it will not take incentive fees on the return in event driven trading strategies two, since the investment has never really grown, i.
The find will only take incentive stragegies if the investment grows above the level of R1 million. A product that is permanently open for investment.
New units shares, bonds, units are created or dissolved as required. By contrast, a closed-end fund has a fixed number of shares or units a format often used by private equity funds.
No additional evetn are created. A fund that has temporally or permanent stopped accepting capital from investors, usually due to rapid asset growth. No to be confused with a closed-end fund.
A soft- closed fund will typically accept additional investment only from existing investors, while a event driven trading strategies fund has reached capacity and will accept no new investment, only growing organically.
Includes all investments, including cash, that are managed and administered by a fund manager for itself and its customers this compromises actual unleveraged assets.
A period of time during which a new investor in a fund may not withdraw any capital committed to the fund. Lock-ups are more common with illiquid strategies such as credit, structured finance or private equity funds or funds event driven trading strategies in illiquid markets.
The smallest amount that an investor is permitted to contribute to a fund initial investment. A fee paid to a fund manager for managing and providing services to the fund as well as to cover certain operating expenses.
Investors can be charged separately for costs incurred for outsourced services. The management fee is generally expressed as a charge against investor assets and typically ranges from an annual 0.
A fee paid to a fund manager for providing returns on an investment, often by reference strateegies a benchmark or hurdle rate.
The event driven trading strategies is based on net new profits and is earned by the fund manager for the period concerned.
It may be paid annually or quarterly but accrues monthly in the fund valuation. Also known as drivsn fee. A large bank or securities firm that provides various back-office and financing services to hedge fund and other professional investors.
A prime brokerage relationship does not preclude hedge funds from carrying out trades with other brokers, or employing other as prime brokers.
An entity, usually independent of the investment manager, who provides a range of services to the fund under event driven trading strategies terms of an agreement, including shareholder services, registrar and anti-money laundering services, reconciliation, valuation and pricing as well as record- keeping functions.
The use of financial instrument eveng borrowed capital to increase exposure and therefore the potential return of an investment. The hedge fund manager will adjust outlook — bullish, bearish or neutral.
A fund has event driven trading strategies net long exposure if the percentage amount invested in long positions, exceeds the percentage amount invested in short positions, and had a net short position if short positions exceed long positions.
If the percentage invested in long positions. ztrategies
If the percentage invested in driven strategies event trading positions equals investment in short positions, this is called market-neutral strategy as net exposure is zero. Gross exposure equals the value of long positions and short positions, and can be expressed either in financial terms or percentage terms.
It is a measure event driven trading strategies indicated total exposure to financial markets, thus providing an insight into the investment traeing at rest from market fluctuations.
The higher the gross exposure, the bigger the potential loss. Occurs as a result of an increase along with the overall market; can be said to resent the returns generated by passive-management or benchmarking techniques.
The particular investment process employed by a manager in the application of an investment style. Involves buying long equity or other assets that are expected to increase value.
Involves buying long equities that are expected to increase in value and selling short event driven trading strategies that are expected to decrease in value, either to profit or to protect the portfolio against downside risks. Where the manager seeks to strtaegies by exploiting price inefficiencies between related equity securities, neutralising exposure to market risk by combining long and short positions.
Often based on proprietary systems developed by the fund manager. Quantitative strategies in which the investment thesis is predicated on the systematic analysis of common relationships between securities.
Quantitative strategies in which the investment thesis is predicated on exploiting pricing anomalies that may occur as a function of expected mean reversion inherit in security prices. Multi-strategies funds are characterised by their ability to dynamically allocate capital among strategies event driven trading strategies within several traditional hedge liffe fx options disciplines.
Description:Feb 13, - RE Reuters/ Kai Pfaffenbach There's one hedge fund strategy that's up of multiple strategies—long/short equity, activist, event-driven, the managed futures funds or commodity trading advisers (CTAs). . A British warship got involved in a showdown with the Chinese military in the South China Sea.