Culross Global Fund
Legal Entity
Culross Global Fund is a sub-fund of Culross Funds S.A., SICAV-RAIF, a société anonyme incorporated under the laws of the Grand Duchy of Luxembourg as a société d’investissement à capital variable – fonds d’investissement alternatif réservé. The Company is subject to the law of 23 July 2016 relating to reserved alternative investment funds, as amended or supplemented from time to time. Culross Funds S.A., SICAV-RAIF, the Company, is an Alternative Investment Fund within the meaning of the AIFM Law and 2013 Law.
Strategy
The Culross Global Fund was launched in January 2000 and remains our flagship fund today. We manage the fund using a top down thematic process. The fund typically holds 4-6 themes, with each theme focusing on a compelling investment story, asset class, region, or investment strategy. Each theme is populated by managers that we carefully select not only for their standalone merits, but also for how closely they match the theme for which they are picked. The fund tends to hold between 12 and 16 managers and always includes a dynamically weighted allocation to protection strategies. Our thematic approach allows us to select themes that are inherently net long, market neutral, or net short. As a consequence we can select and weight a combination of themes in the portfolio to achieve the overall bullish or bearish tilt that we believe is appropriate for prevailing market conditions. This approach has allowed us to successfully diversify and mitigate market risk through many different cycles since 2000, most notably in 2008 when short themes prospered. During that difficult year, the fund generated +3.2% net, while the Eurekahedge FoF Index lost -19.0%.
Objectives
The fund seeks to generate steady positive absolute returns through the business cycle with low correlation to equities and bonds and a strong focus on capital preservation. More particularly, the fund’s target performance is 3 month deposit rates + 6%, net of all fees and costs and with volatility of 3-5%.
Liquidity
The fund offers investors monthly liquidity on 65 days notice and so the fund focuses on liquid investments in liquid asset classes.
Documents
For documents, please contact .
Culross Global Investment Management Limited - Legal Disclaimer
The funds section of the Culross Global website is intended for professional investors* and advisors only. It is not intended for use by members of the general public.
The information on this website is issued and approved by Culross Global Investment Management Limited, which is authorised and regulated by the Malta Financial Services Authority.
Important regulatory information & risk warnings
You must read this before proceeding, as it explains both the legal and regulatory restrictions which apply to the information contained and investment products referred to within this section of the website.
This website is for information purposes only, and should not be considered as an offer or solicitation to buy the products mentioned. Past performance is not necessarily indicative of future results. The value of an investment may go down as well as up and investors may not get back the amount originally invested. This website is not intended to provide any tax or investment advice, and nothing on this website should be construed as a recommendation, by us or any third party, to acquire or dispose of any investment, or to engage in any investment strategy or transaction. Any subscription to a Fund is based on the terms in the relevant Offering Memorandum, which should be consulted before an investment decision is made. Local laws may have an impact on your investments. Investors should consult their attorney or tax adviser as to their legal or tax situation.
Swiss Representative: Waystone Fund Services SA, Av. Villamont 17, 1005 Lausanne, Switzerland, Tel: +41 21 311 17 77, email: info@waystone.com. Any Fund Documentation may be obtained free of charge from the Swiss Representative in Lausanne. In respect of the Shares distributed in or from Switzerland, the place of performance and jurisdiction is at the registered office of the Swiss Representative.
Paying agent: Banque Cantonale de Genève.
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