Narrapuno SPC – Spectrum SP
Narrapuno SPC – Spectrum SP (formerly Acantias Offshore Fund) is a diversified fund investing in best of class hedge funds profiting from the rich opportunity set in relative value investing created by the on-going Global Debt Deleveraging. The fund invests in the full spectrum of opportunities starting from term structure event-driven trades in all types of credit sensitive assets as well as more focused funds to deliver a balanced profile for the portfolio.
The fund concentrates on a selected subset of the strategies in the corporate balance sheet universe for its entire event driven generated returns. It seeks to identify the strategies benefitting from the tremendous refinancing needs of corporates and sovereigns in general by structuring trades that are as neutral as possible to market corrections to preserve capital while benefitting from the ultimate credit-event outcome to generate attractive returns. The core part of the fund invests in specialised hedge fund strategies with asymmetric event-driven return profiles such as Relative Value Credit, Event Driven and Distressed Credit. The rest of the portfolio invests in funds with strategies concentrating liquid securities that have withstood the severe test of past market corrections. It invests in strategies to take advantage from global macro dislocations, market momentum and liquidity to generate attractive, risk-adjusted returns.
Monthly, 3 days notice
Quarterly, 45 days notice
|Reporting:||Monthly NAV and bi-monthly NAV estimates.|
|Fund Administrator:||Credit Suisse, Luxembourg|
|Fund Custodian:||Credit Suisse, Luxembourg|
|Fund Auditor:||Ernst & Young, Luxembourg|
|Fund Manager:||Ayaltis AG, Zurich|
7% – 9% p.a. over a three to five years investment horizon.
|Target Volitility:||< 5% p.a.|