Funds and prices

Overview

Select Alternative Strategies ICAV - A&Q (Irl) Alpha Select Master is a broad based diversified fund of funds that seeks to consistently realize risk-adjusted appreciation in the value of its assets over an economic market cycle (3-5 years) by maintaining a portfolio of hedge fund investments which typically have low to moderate correlation to traditional benchmarks and demonstrate a balance of strategies, markets and risks. The fund typically allocates to Credit/Income, Equity Hedged, Multi-Strategy, Relative Value, and Trading investment strategies. From time to time, the manager of fund may adjust portfolio allocations to certain sectors based on macro environment factors and/or specific market events.

The exchange rate risk between USD and GBP is largely hedged.

Risks

Unlike traditional investments, hedge funds do not primarily aim to attain exposure in specific markets or investment instruments. They differ in their more frequent use of derivative instruments and in trying to leverage their return by borrowing funds, using derivatives and taking up short positions on securities. As a result, they have potential risks in addition to the market, credit and liquidity risks associated with traditional investments. This requires corresponding risk tolerance and capacity. Investors should also be aware that these funds offer no capital preservation guarantee. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
ÃÛ¶¹ÊÓÆµ Alternative Funds
ÃÛ¶¹ÊÓÆµ Hedge Funds
Product domicile
Ireland
Portfolio management
n.a.
Fund management
ÃÛ¶¹ÊÓÆµ Fund Management (Ireland) Limited, Dublin 2
Custodian bank
Mitsubishi UFS Investor Services & Banking (Luxembourg) S.A., Dublin Branch
Representative for products established under foreign law
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited
Day of inception
02 November 2020
Currency of account
GBP
Close of financial year
31 December
Issue
monthly
Redemption
quarterly
Distribution
Reinvestment
Maturity
Open end
Performance fee
10.00%
Management fee
1.50% p.a.
Minimum investment
n.a.
ISIN
IE00BYZV8675

Performance and Prices

Percentage growth

as of 29 February 2024
Cumulative
GBP(%)
YTD
1M
3M 1.33
6M 3.72
1Y 4.97
2Y 3.31
3Y 9.84
5Y
ø p.a.5Y
Discrete Annual
GBP(%)
Q4 2022 to Q4 2023 4.01
Q4 2021 to Q4 2022 -1.95
Q4 2020 to Q4 2021 7.90
Q4 2019 to Q4 2020 -
Q4 2018 to Q4 2019 -

Current data

Net asset value 29.02.2024 GBP 114.82
High - last 12 months 31.01.2024 GBP 114.98
Low - last 12 months 30.06.2023 GBP 110.36
Assets of the unit class in mn 29.02.2024 GBP 0.57
Total product assets in mn 29.02.2024 GBP 128.46

Structures

Fees

Flat fee
1.50%
Management fee p.a.
1.50%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)
Performance Fee
10.00%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Erste Bank der oesterreichischen Sparkassen AG (Erste Bank Oesterreich)
Denmark
ÃÛ¶¹ÊÓÆµ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓÆµ Europe SE
Ireland
MUFG Alternative Fund Services (Ireland) Limited
Italy
ÃÛ¶¹ÊÓÆµ Asset Management SGR S.p.A.
Luxembourg
ÃÛ¶¹ÊÓÆµ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓÆµ Investment Bank Nederland BV.
Norway
ÃÛ¶¹ÊÓÆµ AG, Stockholm
Spain
ÃÛ¶¹ÊÓÆµ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓÆµ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓÆµ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓÆµ Asset Management (UK) Limited

Literature

Agreement / Prospectus
Document type
Document Language
Past performance
Key Information Document UK