HCAP Diversified Fund – AUD

31 November 2013


Jan feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2013 1.03% 0.62% -0.29% -0.80% 0.48% -1.79% -0.91% -1.18% 3.64% -0.05% 0.27% 0.82%
2012 3.77% 2.38% 0.72% 1.17% -0.73% 0.09% 1.56% 0.21% -0.47% 1.66% 1.46% 2.04% 14.65%
2011 0.66% 0.49% 1.32% 2.04% 0.20% -0.17% 0.17% -3.79% -12.91% 11.73% -1.72% 1.29% -2.35%
2010 2.78% 1.53% 3.80% 1.12% -4.93% 0.48% 3.59% 0.78% 3.25% 1.99% -0.87% 2.65% 17.04%
2009 0.69% 0.69%

Asian Fixed Income and Rates

The Diversified Fund adopts a multi strategy investment philosophy, seeking to source value across asset classes and proactively reallocating capital to meet its objectives. The predominant focus is on Interest Rate markets and Asian High Yield Credit investments.

Key Fund points

Transparency – monthly liquidity – performance driven – management is a significant investor

Fund Manager

HCAP Asset Management, as Investment Manager to the Fund, was founded in November 2008. Steve Howell, company founder and CEO, has extensive experience across fixed income and relative value trading and investing. Steve, having worked in financial markets for over 25 years, has deep experience in asset selection, portfolio construction and risk management disciplines.

Fund Status

  • Investments fully liquidated
  • Cash handed back to investors
  • Fund wound down – total return 33%

Performance StatisticsUnit NAV

NAV/Unit 133.03
Return Since Inception 33.03%
3 Month Return 3.76%
6 Month Return -0.21%
12 Month Return 2.87%
% Positive Months 71%
Highest Monthly Return 11.73%
Lowest Monthly Return -12.91%

Fund Information

Share Class Currency: AUD
Domicile: Cayman Islands
Investment Type: Mutual Fund
Inception: Nov 2009
Management Fee: 1.50%
Performance Fee: 20%
Subscriptions / Redemptions: Monthly
Minimum Investment: USD 100,000
Legal Advisor: Walkers
Auditor: Rothstein Kass
Administrator: TMF FundServices
Custodian: RBC (Suisse)
Bloomberg Ticker: HCAPDAU KY Equity
Telekurs VALOR: CH11736558

Investment Manager

HCAP Asset Management ACN 133454896| AFSL 332100
Portfolio Manager: Steve Howell
Tel: +61 2 8274 4304
Email: info@hcap.com.au
Web: www.hcap.com.au


The information contained in this document is for information purposes only and is not to be relied on as a recommendation or forecast by the fund, investment manager or any related party. Past performance is not necessarily indicative of future performance. Under no circumstances will the trustee, investment manager and/or its affiliates be liable for any loss including, but not limited to direct, indirect, incidental, special or consequential damages caused by using the information. The AUD Share Class of the HCAP Diversified Fund was funded on 1st August 2010. The performance before this date has been calculated based on the actual USD return of the base Fund, adjusted for the foreign exchange hedging and risk in a manner that is being employed. Nothing in this newsletter should be construed as either an offer to buy or sell or a solicitation of an offer to buy or sell any investments in any jurisdiction. Investment considerations and risks are outlined in the current Private Placement Memorandum.