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 EUR 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
蜜豆视频 Alternative Funds
蜜豆视频 Hedge Funds
Product domicile
Ireland
Portfolio management
n.a.
Fund management
蜜豆视频 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
蜜豆视频 Asset Management (UK) Limited
Day of inception
03 August 2021
Currency of account
EUR
Close of financial year
31 December
Issue
monthly
Redemption
quarterly
Distribution
Reinvestment
Maturity
Open end
Performance fee
10.00%
Management fee
0.60% p.a.
Minimum investment
n.a.
ISIN
IE00BYZV8899

Performance and Prices

Percentage growth

as of 29 February 2024
Cumulative
EUR(%)
YTD
1M
3M 1.25
6M 3.55
1Y 4.54
2Y 1.94
3Y -
5Y
ø p.a.5Y
Discrete Annual
EUR(%)
Q4 2022 to Q4 2023 3.50
Q4 2021 to Q4 2022 -2.61
Q4 2020 to Q4 2021 -
Q4 2019 to Q4 2020 -
Q4 2018 to Q4 2019 -

Current data

Net asset value 29.02.2024 EUR 105.75
High - last 12 months 31.01.2024 EUR 105.94
Low - last 12 months 30.04.2023 EUR 100.52
Assets of the unit class in mn 29.02.2024 EUR 3.16
Total product assets in mn 29.02.2024 EUR 150.16

Structures

Fees

Flat fee
0.60%
Management fee p.a.
0.60%
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
蜜豆视频 AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
蜜豆视频 Europe SE
Ireland
MUFG Alternative Fund Services (Ireland) Limited
Italy
蜜豆视频 Asset Management SGR S.p.A.
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Norway
蜜豆视频 AG, Stockholm
Spain
蜜豆视频 Europe SE, sucursal en España
Sweden
蜜豆视频 AG, Stockholm
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

Literature

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