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FUND OF HEDGE FUNDSRETAIL PORTFOLIO RANGE
RETAIL INVESTOR HEDGE FUNDS
NOVARE MAYIBENTSHA DEFENSIVE
Fund Scheme Retail Investor Hedge Fund
InvestmentPhilosophy
• Multi-strategy, multi-manager • Conservative, non-directional strategies• A diversified portfolio of hedge fund strategies• Low correlation with ALSI and ALBI
Return Objective Cash + 3% (after fees)
Risk Objective Volatility of monthly returns lower than ALBI
Constraints andGuidelines
• Minimum of 8 funds• Maximum of 25% with single manager
NOVARE FIXED INCOME
Retail Investor Hedge Fund
Cash + 3% (after fees)
Volatility of monthly returns lower than ALBI
• Minimum of 2 funds• Positive Periods > 75% over three years• Max Drawdown < = 50% downside deviation of the ALBI
• Income generating• Predominantly fixed income • Low volatility of monthly returns• Positive returns irrespective of market conditions
CONSERVATIVE RISK PROFILED FUNDS
NOVARE LOW EQUITY LONG/SHORT
Fund Scheme Retail Investor Hedge Fund
InvestmentPhilosophy
Return Objective CPI + 5% (after fees)
Risk Objective
Constraints andGuidelines
MODERATE RISK PROFILED FUND
Suitable for investors with a conservative appetite for risk, looking to preserve capital and prefer to steer clear of volatile investments. Investment horizon: medium to long term.
Suitable for investors with a moderate appetite for risk, looking for capital growth and don’t mind moderately volatile investments. Investment horizon: medium to long term.
• Diversified portfolio of low equity beta hedge funds • Predominantly multi-strategy, market neutral and low beta equity long/short strategies• Low correlation with the ALSI and ALBI
Volatility of monthly returns lower than ALBI
• Minimum of 3 funds• Positive Periods > 75% over three years• Max Drawdown <= 50% of downside deviation of the ALSI
Inception date April 2009 October 2010
Inception date February 2012
DISCLAIMERThe portfolio is owned by Novare CIS (RF) (Pty) Limited (NovareCIS) Registration No.2013/191159/07, an authorized Management Company registered according to the Collective Investment Schemes Control Act (CISCA) and regulated by the Financial Services Board of South Africa. Contact details: P.O. Box 4742, Tyger Valley, 7736, South Africa. Call Centre: 0800 668 273 (0800 Novare). Email: [email protected]. Website: www.novare.com First Rand Bank Limited Registration No.1929/001225/06 is the appointed trustee, contact number: 0112828000. PricewaterhouseCoopers is the auditor for the portfolio. Maitland is the fund administrator of the portfolio. Risk management of the portfolio is done by NovareCIS. Collective Investments are generally medium to long term investments. Actual investment performance will differ based on the initial fees applicable, the actual investment date, the date of reinvestment and dividend withholding tax. Novare CIS does not provide any guarantee it herein respect of capital or there turn of a portfolio. The value of participatory interests may go down as well as up and past performance is not necessarily an indication of future performance. Commentary or any forecasts contained in this document are not guaranteed to occur. Novare CIS has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its mandate. The higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TER’s. Novare’s schedule of fees and charges is available on request. Novare Holdings has a conflict of interest policy which outlines the manner in which conflicts of interest are managed, a copy of the document is available on request. The portfolio was established as a Collective Investment Scheme, all information prior was in an unregulated environment. The portfolio will not change its investment strategy or investment policy without prior approval from the Financial Services Board and investors. The ballot procedure as indicated in CISCA will be followed. The level of counterparty exposure is restricted to funds that are administered by Novare Capital and the respective prime brokers of the underlying portfolio. The portfolio does not use the services of a prime broker but the underlying portfolios will be allowed to use a prime broker. The liquidity risk management policy is available on request.
Novare Investments Proprietary Limited (the ‘Investment Manager’), incorporated under the laws of South Africa, is an authorised financial services provider (FSP 757) under the Financial Advisory and Intermediary Services Act 37 of 2002 and has been appointed by the Management Company as the Investment Manager of the Fund. Telephone: +27 914 3944. The Management Company and the Investment Manager are supervised by the Financial Services Board (‘FSB’). The Investment Manager is a member of the Association for Savings and Investment South Africa. Additional information on the proposed investment is available on the Novare Investments (Pty) Limited’s website at www.novare.com Source: Bench mark data, obtained from INet, together with portfolio performance are run through Evestment Pertrac.
Should you have any further queries or complaints please contact: Novare CIS (on 0800668273 (0800novare) or via email [email protected]. Directors: Ms R Miles, Mr DA Roper, Mr L de Wit, Mr GL Carter and Mr JF Basson. Novare Investments (Pty) Ltd is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act No 37 of 2002. FSP No. 757.
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NOVARE MAYIBENTSHA GROWTH NOVARE EQUITY LONG/SHORT
Fund Scheme Retail Investor Hedge Fund Retail Investor Hedge Fund
InvestmentPhilosophy
• Concentrated• Directional and more actively traded strategies• Predominantly equity long/short strategies• Low correlation with ALSI and ALBId Index
Return Objective Cash + 6% (after fees) CPI + 5% (after fees)
Risk Objective Volatility of monthly returns lower than ALSI
Constraints andGuidelines
• Minimum of 6 funds• Maximum of 30% with single manager
AGGRESSIVE RISK PROFILED FUNDS
Suitable for investors with an aggressive appetite for risk, looking for capital growth over the long term and are comfortable with highvolatility investments . Investment horizon: medium to long term.
• Predominantly equity long/short strategies• Equity-like returns with limited volatility• Low correlation to the ALSI and ALBI
Volatility of monthly returns lower than ALSI
• Minimum 3 funds• Max Drawdown < downside deviation of the ALSI• Positive Periods > 75% over three years
Inception date July 2006 October 2010