Global Managers Selection Fund – feeder fund of Selection Holdings - Atlantic Selection
Alternative Investment Fund (AIF) under Italian law which aims to obtain an absolute return in Euro in the medium to long term predominantly through investment in the respective compartment of the Master Fund.
The Feeder Fund invests at least 85% of its assets in the shares of Selection Holdings - Atlantic Selection, a compartment of the Luxembourg-based SICAV, Selection Holdings SICAV FIAR, set up in the form of a reserved alternative investment fund .
Selection Holdings - Atlantic Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in AIFs or other investment funds or through discretionary investment accounts managed by investment managers (together the Collective Investment Schemes, hereinafter CIS) investing globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.
China Managers Selection Fund – feeder fund of Selection Holdings - China Selection
Alternative Investment Fund (AIF) under Italian law which aims to obtain an absolute return in Euro in the medium to long term predominantly through investment in the respective compartment of the Master Fund.
The Feeder Fund invests at least 85% of its assets in the shares of Selection Holdings - China Selection, a compartment of the Luxembourg-based SICAV, Selection Holdings SICAV FIAR, established in the form of a reserved alternative investment fund .
Selection Holdings - China Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in CIS principally investing or based in Greater China (i.e., mainland China, Hong Kong and Taiwan). The Compartment may also invest in CIS whose managers are based in Greater China, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.
DELEGATION AGREEMENTS
The management of the following products, of which Global Selection SGR is the Management Company (AIFM), has been delegated to Belgrave Capital Management Ltd, a company within the Banca del Ceresio Group:
SELECTION HOLDINGS S.A., SICAV-FIAR
The AIF is a multi-compartment open-ended collective investment undertaking reserved to professional investors, established in the form of an investment company with variable capital under Luxembourg law, pursuant to the Luxembourg Law of 23 July 2016 on RAIFs, with registered office in Rue de la Poste 20, L-2346 Luxembourg.
The structure of the EU AIF currently includes the following sub-funds:
• Selection Holdings - Atlantic Selection;
• Selection Holdings - Pacific Selection;
• Selection Holdings - China Selection.
• Selection Holdings - Macro PLUS.
• Selection Holdings – Global Investment Portfolio (GIP)
All the sub-funds pursue an investment strategy that aims to generate long-term returns, primarily through investment in other CIS.
Selection Holdings - Atlantic Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets in CIS investing globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.
Selection Holdings - Pacific Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets in CIS principally investing or based in Asia. The Compartment may also invest in CIS whose managers are based in Asia, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.
Selection Holdings - China Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in CIS principally investing or based in Greater China (i.e., mainland China, Hong Kong and Taiwan). The Compartment may also invest in CIS whose managers are based in Greater China, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.
The Selection Holdings - Macro Plus sub-fund pursues an investment policy that seeks to generate returns over the long term by investing primarily in other UCIs of managers that primarily employ macro investment strategies. In particular, the sub-fund's investment objective is to invest primarily in alternative investment funds, i.e. other types of investment funds or through discretionary asset management, of managers that invest globally in a range of asset classes including fixed income, foreign exchange, equity and commodities, without specific restrictions in terms of instrument types or geographic ranges, and with a preference for managers with absolute return objectives. The sub-fund may also invest directly in securities and financial instruments, including derivatives, with exposure to equity markets, interest rates and currencies. In order to better manage the Sub-Fund's liquidity, the Sub-Fund may also invest in short-term deposits, certificates of deposit or other money market instruments.
The Selection Holdings - Global Investment Portfolio (GIP) sub-fund pursues an investment policy that seeks to achieve long-term capital appreciation by allocating its assets among portfolio manager products that employ a variety of investment strategies, including but not limited to long-short equity, long-only equity, global macro and event-driven.
The sub-fund seeks to achieve its objective by investing the majority of its assets in AIFs or other types of investment funds or through discretionary asset management, which invest globally in a variety of asset classes, including without restrictions on the types of securities or geographic regions in which they may invest. The sub-fund may also invest directly in securities and other financial instruments, including derivatives, with exposure to equity markets, interest rates and currencies.
The sub-fund will not be exposed to a single fund or product for more than 85% of its NAV. In particular, at least 70% of the sub-fund's portfolio will be invested in Leveraged Assets Fund Ltd., Cayman Islands Exempted Company with registered office at Citco Fund Administration (Cayman Islands) Limited, 89 Nexus Way, 2nd floor, Camana Bay, P.O. Box 31103, Grand Cayman, Kyi-1205 Caymans Islands, incorporated on 5 November 2013 and managed by Tovel Investments Ltd., a manager authorised and regulated by the Financial Services Commission of the British Virgin Islands. In relation to the investment strategy implemented by Leveraged Assets Fund Ltd., Tovel Investments Ltd. is advised by Antonio Foglia, a member of the Board of Directors of the SGR. More in detail, Leveraged Assets Fund Ltd. is an open-ended fund, incorporated in the Cayman Islands, whose objective is medium to long-term capital growth. To achieve this objective, it directly or indirectly uses a variety of investment strategies that may change according to different market phases. The most commonly used strategies include (but are not limited to): investments in other hedge funds and macro overlays for the strategic and tactical management of equity, currency, interest rate and credit exposure through long and short positions. The remainder of the portfolio will be invested in equity funds, hedge funds, currencies (mainly FX forwards) or financial instruments (equities, bonds and derivatives), as far as possible complementary, in order to achieve a level of risk/return deemed appropriate with respect to the realisation of the sub-fund's objective.
In contrast to the other four sub-funds, the management of this sub-fund has not been delegated to Belgrave Capital Management, but maintained within the SGR.
For more information, visit the dedicated site https://www.selectionfunds.com