Culross Absolute Defensive Fund

Legal Entity

Culross Absolute Defensive Fund is a sub Fund of Culross Funds S.A. SICAV-SIF, a société anonyme incorporated under the laws of the Grand Duchy of Luxembourg as a société d’investissement à capital variable – fonds d’investissement spécialisé. The Company is subject to the law of 13 February 2007 relating to specialised investment funds, as amended or supplemented from time to time. The Company is an ‘Alternative Investment Fund’.


The Culross Absolute Defensive Fund pursues a conservative investment strategy. The fund was launched in April 2001 and invests in a portfolio of funds that demonstrate low volatility and very low correlation to equity and bond markets. Typically this means the fund will not invest in directional equity long/short or directional credit managers. Rather, the fund is focused on managers pursuing market neutral, arbitrage and relative value strategies across a range of asset classes and regions. The fund is designed to be a reliable return generator for investors seeking an alternative investment with bond-like return characteristics.


The fund seeks to generate low volatility returns with very low correlations to equities and bonds, or, where possible, negative correlations. Capital preservation and the avoidance of drawdowns is paramount. More particularly, the fund’s target performance is Libor + 300bps net of all fees and costs, with volatility of less than 3%.


The fund offers investors monthly liquidity on 35 days’ notice. The fund focuses on liquid funds operating in liquid asset classes only.


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