Equity China Long - Short
Fund Portrait
The Apuano Fund is the UCITS version of an existing successful hedge fund (Foundation China Opportunity Fund FCO fund) with more than 12 years track record. UCITS Fund excludes small cap exposure to reduce drawdown volatility. The Fund goes long companies with strong free cash flows and shorts highly leveraged companies facing accounting and governance issues. Gross exposure of 130% and net exposure typically between 70%- 95%.
| INVESTMENT MANAGER | Foundation Asset Management |
|---|---|
| LINKEDIN COMPANY PAGE | Foundation Asset Management |
| FUND | Apuano Foundation China Fund |
| TYPE STRUCTURE | Ireland, Open-end UCITS |
| DOMICILE | Ireland |
| LAUNCH DATE | January 24, 2020 |
| DISTRIBUTOR SWITZERLAND | OpenFunds Investment Services AG (Switzerland) |
| AUDITOR | Deloitte & Touche |
| CUSTODIAN | CACEIS Ireland |
| REGULATOR | Central Bank of Ireland |
| PAYING AGENT SWISS | Cornèr Banca SA (Lugano) |
| GEOGRAPHY | Greater China |
| STRATEGY | Chinese Long/Short Equity |
| SHARE CLASSES | Institutional, Retail |
| CURRENCY | USD, EUR |
| INITIAL CHARGES | 0% |
| MINIMUM SUBSCRIPTION | USD 100,000 |
| LIQUIDITY | Daily |
| MANAGEMENT FEE | Retail Class 2.25% / Institutional Class 1.50% |
| PERFORMANCE FEE | 15% (with High-Water Mark) |
| FUND SIZE | USD 17.8 m |
| ISIN | Class USD: IE00BKTNRG40 / Class EUR: IE00BKTNRB94 |
| BLOOMBERG CODE | Class USD: AFAFCAI ID / Class EUR: APAFCAI ID |
