The document describes a fund that aims to generate high levels of income through investing in asset-backed corporate bonds, debt, and loan instruments issued by small and medium sized companies. The fund seeks to achieve a 10% annual return through a diversified portfolio and by selecting issuers through rigorous analysis of risks like default. It is managed by an experienced team using a "buy and hold" strategy to reduce costs and interest rate risk.
This talk about hedge funds in simple terms. It covers hedge fund managers, investors, strategies, comparison between hedge funds and mutual funds, performance measurement, Indian scenario, and historical performance.
For decades, hedge fund managers have supplied investors and regulators with information measuring Assets Under Management (AUM) painting a clear picture of net investor capital at risk. RAUM is a new and separate measurement developed by the SEC. It is not intended to replace AUM and does not illustrate net investor capital at risk. The Commodity Futures Trading Commission (CFTC) does not use RAUM, rather, it relies upon the traditional calculation which is consistent with U.S. GAAP. RAUM will represent a manager’s gross assets under management, rather than net assets under management, and it will be available through managers’ public filings on Form ADV beginning in March 2012.
MFA's new educational presentation explains the fees associated with hedge funds and how they are used by hedge fund managers. Generally, hedge fund structures incur management fees and performance fees. Other terms explored in the presentation include high-water marks and hurdle rates. Of course, all hedge fund fees charged to any particular investor are based on contractual terms agreed to by the fund manager and the investor. While there is no such thing as a “standard” fee, there are a number of general terms that apply to hedge fund fees.
This talk about hedge funds in simple terms. It covers hedge fund managers, investors, strategies, comparison between hedge funds and mutual funds, performance measurement, Indian scenario, and historical performance.
For decades, hedge fund managers have supplied investors and regulators with information measuring Assets Under Management (AUM) painting a clear picture of net investor capital at risk. RAUM is a new and separate measurement developed by the SEC. It is not intended to replace AUM and does not illustrate net investor capital at risk. The Commodity Futures Trading Commission (CFTC) does not use RAUM, rather, it relies upon the traditional calculation which is consistent with U.S. GAAP. RAUM will represent a manager’s gross assets under management, rather than net assets under management, and it will be available through managers’ public filings on Form ADV beginning in March 2012.
MFA's new educational presentation explains the fees associated with hedge funds and how they are used by hedge fund managers. Generally, hedge fund structures incur management fees and performance fees. Other terms explored in the presentation include high-water marks and hurdle rates. Of course, all hedge fund fees charged to any particular investor are based on contractual terms agreed to by the fund manager and the investor. While there is no such thing as a “standard” fee, there are a number of general terms that apply to hedge fund fees.
This presentation offers users a simple guide to learning the basic structure of hedge funds. Guiding users through hedge fund structures, covering topics such as:
• Hedge funds’ typical partnership structure
• Organizational structure at many hedge funds
• Due to their structure, only certain types of investors can invest with hedge funds
• The role of portfolio managers
• The typical role of general counsels, auditors, and administrators at hedge funds
• How prime brokers interact with hedge funds
• Executing brokers and their role in the hedge fund industry
• Fee structure at hedge funds
Learn more about the global hedge fund industry at: www.hedgefundfundamentals.com.
Alternate grp project hedge funds in india Saurabh Mittra
HEDGE FUNDS IN INDIA, SCOPE OF HEDGE FUND, PRESENT SCENARIO, STRATEGIES OF HEDGE FUNDS, OVERVIEW OF HEDGE FUND, FEES STRUCTURE OF FUNDS, PERFORMANCES OF LOCAL AND FOREIGN FUNDS, ASSET UNDER MANAGEMENT DATA
Distressed Debt Investing: Resources to Help Investors Better Understand The...ManagedFunds
"Distressed Debt Investing: Resources to Help Investors Better Understand Their Investment Options in this Asset Class" is aimed at helping investors better understand their investment options in the distressed debt space. The presentation gives an overview of distressed debt investment and the role these investors play in the bankruptcy process by creating liquidity in the credit markets, lowering the cost of lending, and helping companies that may be close to bankruptcy or in bankruptcy with additional capital.
This educational resource details the traditional calculation method that hedge funds use for their assets under management. It also explains the new method of calculation used by the Securities and Exchange Commission, called Regulatory Assets Under Management (RAUM).
Hedge funds (The Indian Context and the Regulatory Framework)Sham Chandak
This presentation in a broad sense gives an idea about the hedge funds, their objectives, their participants, their evolution. It talks about how India attracts the eye of Hedge Fund managers world wide. The growth potential in India as an emerging economy. The various types of Hedge Funds and the strategies implemented. The indices which track Hedge Fund performances around the globe. Some empirical findings about the absolute returns generated by hedge funds. The regulatory framework in India for Hedge Funds as a part of Alternative Investment Funds as guided by SEBI
This presentation will give users a general overview of many aspects of the industry and its purpose, including:
• The benefits of hedge fund investing
• Who invests in hedge funds?
• Who regulates the hedge fund industry?
• The various strategies and types of hedge funds
• How do hedge funds generate returns for their investors
Learn more about the global hedge fund industry at: www.hedgefundfundamentals.com.
Hedge Fund Due Diligence: Resources to Help Investors Better Understand Their...HedgeFundFundamentals
In light of recent changes brought forth by the new rules adopted by the Securities and Exchange Commission (SEC) implementing the Jumpstart our Business Startups (JOBS) Act, this presentation is designed as an educational tool with basic information about who can invest in hedge funds as well as some potential red flags regarding investment fraud.
Hedge funds offer qualified investors a unique partnership. While hedge funds first began as a way to offer investors a balanced – or market-neutral – approach to investing, the methods have evolved through the years. This presentation focuses on one of those strategies, event driven.
A Primer on Distressed Debt Investing InfographicManagedFunds
A Primer on Distressed Debt Investing provides easy to understand visual depictions of how distressed debt investing works and explains how these investors often work alongside financially distressed companies to ensure a successful restructuring or bankruptcy proceeding. It also illustrates how distressed debt investments can help provide a number of positive results, including increased liquidity, a positive impact on overall company value, a higher degree of debt recovery, and relief of financial constraints.
Easy to ship, easy to assemble! Check out our Design Search Gallery to see more! http://valleyexpodisplays.exhibit-design-search.com/gallery/default/segue-hybrid-displays-seg/60/
This presentation offers users a simple guide to learning the basic structure of hedge funds. Guiding users through hedge fund structures, covering topics such as:
• Hedge funds’ typical partnership structure
• Organizational structure at many hedge funds
• Due to their structure, only certain types of investors can invest with hedge funds
• The role of portfolio managers
• The typical role of general counsels, auditors, and administrators at hedge funds
• How prime brokers interact with hedge funds
• Executing brokers and their role in the hedge fund industry
• Fee structure at hedge funds
Learn more about the global hedge fund industry at: www.hedgefundfundamentals.com.
Alternate grp project hedge funds in india Saurabh Mittra
HEDGE FUNDS IN INDIA, SCOPE OF HEDGE FUND, PRESENT SCENARIO, STRATEGIES OF HEDGE FUNDS, OVERVIEW OF HEDGE FUND, FEES STRUCTURE OF FUNDS, PERFORMANCES OF LOCAL AND FOREIGN FUNDS, ASSET UNDER MANAGEMENT DATA
Distressed Debt Investing: Resources to Help Investors Better Understand The...ManagedFunds
"Distressed Debt Investing: Resources to Help Investors Better Understand Their Investment Options in this Asset Class" is aimed at helping investors better understand their investment options in the distressed debt space. The presentation gives an overview of distressed debt investment and the role these investors play in the bankruptcy process by creating liquidity in the credit markets, lowering the cost of lending, and helping companies that may be close to bankruptcy or in bankruptcy with additional capital.
This educational resource details the traditional calculation method that hedge funds use for their assets under management. It also explains the new method of calculation used by the Securities and Exchange Commission, called Regulatory Assets Under Management (RAUM).
Hedge funds (The Indian Context and the Regulatory Framework)Sham Chandak
This presentation in a broad sense gives an idea about the hedge funds, their objectives, their participants, their evolution. It talks about how India attracts the eye of Hedge Fund managers world wide. The growth potential in India as an emerging economy. The various types of Hedge Funds and the strategies implemented. The indices which track Hedge Fund performances around the globe. Some empirical findings about the absolute returns generated by hedge funds. The regulatory framework in India for Hedge Funds as a part of Alternative Investment Funds as guided by SEBI
This presentation will give users a general overview of many aspects of the industry and its purpose, including:
• The benefits of hedge fund investing
• Who invests in hedge funds?
• Who regulates the hedge fund industry?
• The various strategies and types of hedge funds
• How do hedge funds generate returns for their investors
Learn more about the global hedge fund industry at: www.hedgefundfundamentals.com.
Hedge Fund Due Diligence: Resources to Help Investors Better Understand Their...HedgeFundFundamentals
In light of recent changes brought forth by the new rules adopted by the Securities and Exchange Commission (SEC) implementing the Jumpstart our Business Startups (JOBS) Act, this presentation is designed as an educational tool with basic information about who can invest in hedge funds as well as some potential red flags regarding investment fraud.
Hedge funds offer qualified investors a unique partnership. While hedge funds first began as a way to offer investors a balanced – or market-neutral – approach to investing, the methods have evolved through the years. This presentation focuses on one of those strategies, event driven.
A Primer on Distressed Debt Investing InfographicManagedFunds
A Primer on Distressed Debt Investing provides easy to understand visual depictions of how distressed debt investing works and explains how these investors often work alongside financially distressed companies to ensure a successful restructuring or bankruptcy proceeding. It also illustrates how distressed debt investments can help provide a number of positive results, including increased liquidity, a positive impact on overall company value, a higher degree of debt recovery, and relief of financial constraints.
Easy to ship, easy to assemble! Check out our Design Search Gallery to see more! http://valleyexpodisplays.exhibit-design-search.com/gallery/default/segue-hybrid-displays-seg/60/
LA CRUZ + (Simbología Sagrada Universal)FINA ORDORIKA
La CRUZ es uno de los SIMBOLOS que se registra desde la MÁS ALTA ANTIGÜEDAD en Egipto, en la India, en América.
En Knossos (CRETA) se ha encontrado una cruz en mármol azul que data del SIGLO XV a.C.
La CRUZ es el TERCERO de los 4 símbolos fundamentales
junto con el PUNTO, el CÍRCULO y el CUADRADO.
La CRUZ establece una relación con los otros tres:
"coincide" con el PUNTO (CENTRO) abriendo éste al exterior;
se “inscribe” en el CIRCULO y lo divide en segmentos
“engendrando” el CUADRADO y el TRIANGULO.
El signo zodiacal de Sagitario - EL ARQUERO - atribuido a este arcano, tiene como símbolo en astrología una FLECHA, la cuál a su vez hace alusión a "meta", "voluntad", "propósito" e "intención". Por otra parte, SAGITARIO es el signo natural de la “Casa Novena” del horóscopo. Esta “casa” rige "el sector de la vida" relativo a sueños, visiones, religión, filosofía y con LARGOS VIAJES a lugares desconocidos, y esto es tanto en el plano FISICO como PSIQUICO.
* “La Templanza” combina los elementos de la vida simbolizados por la copa de AGUA (energía femenina o lunar) y el rayo de FUEGO (energía masculina o solar).
A nivel humano, es una representación de la energía del Sub-consciente (copa de agua) fluyendo hacia el Consciente (rayo de fuego), y viceversa.
This is the best marketing and financial data related ppt based on the way you can get it done with it to you and financial aid of MBA program and financial support of MBA program.
1. A Diversified Portfolio of Income Generating Assets Carefully Selected
and Managed by an Expert and Experienced Investment Team
2. FUND OBJECTIVE
The Fund’s investment objective is to generate consistently high levels of income from a diversified and international
portfolio of asset-backed corporate bonds, debt and loan instruments issued by small to medium sized companies.
The Fund can invest in any currency, country or sector to maximise risk adjusted returns and to pursue prudent
diversification. Issuer selection is controlled with both quantitative and qualitative analysis with a focus on the
identification and measurements of all risks, especially default risk. The target income is 10% per annum net of Fund
fees.
FUND SUMMARY
• Diversified Fund investing in asset-backed corporate bonds, debt or loan instruments
• Focused on small to medium sized companies with strong near-term cash flow generation
• Fund target income of 10% paid annually, net of Fund fees
• Thorough investment process including country, sector and company research and financial ratio analysis
• Open ended fund with a recommended 5 year plus investment term
• Monthly subscriptions
• Quarterly redemption facility with 90 days notice
• Investors benefit from the protection of an independent administrator, auditor, Fund Director and Fund advisor
• Highly experienced asset management team regulated by the Cayman Islands Monetary Authority to provide
investment management services
• The Fund is also regulated by the Cayman Islands Monetary Authority as a Registered Mutual Fund
asset management
Hypa Asset Management is an active fund manager specialising in the selection and management of high yielding
assets; bonds, corporate debt and loans. The management team’s investment process utilises fundamental analysis
at a country, sector and company level. All risks associated with a prospective investment are allocated a required
rate of return individually and collectively to ensure investors are appropriately compensated with a high level of
income for the risks taken.
Hypa Asset Management is licensed to provide investment management services by the Cayman Islands Monetary
Authority (CIMA) and the Global High Income Fund is also regulated and registered as a Mutual Fund with CIMA.
HYPA ASSET MANAGEMENT LTD
ANTICIPATED DURATION OF HOLDINGS RISK PROFILE
3. FUND STRATEGY
The Fund specialises in lending to small and medium sized companies generally via UK PLCs in loan packages free of
complex clauses, options and other features. The bonds are fixed in duration and the interest payable is also fixed.
The Fund will hold the underlying bonds, or other debt or loan instruments, from inception to redemption thus
avoiding the potential realisation of a loss on a bond sale due to interest rate movements and other factors during
the life of the loan. This ‘buy and hold’ strategy also reduces the Fund costs via the absence of trading fees. The
Hypa Asset Management team appraises underlying companies and their bonds very carefully, selecting firms that
are predicted to generate high levels of cash-flow in the near term and through the duration of the bond, or other
debt or loan instrument. To further protect the interests of the Fund, only asset-backed bonds, or other debt or loan
instrument, secured on the assets and equity of the underlying company will be considered.
The Fund will generally invest in asset backed bonds issued by UK Public Limited Companies (“UK PLCs”)
independently audited by PKF Littlejohn LLP. Each UK PLC will appoint a security trustee and custodian, currently
Global Custodial Services, assigned to protect the interests of the Fund, as bond holder.
CORPORATE BOND FUNDS
When an investor buys a corporate bond they are, in practice, lending the company money. In return they receive
interest and the issuer promises to repay the debt on a specified date. This means that in terms of risk, bonds are
generally less risky than equities but more risky than cash. The key to reducing this risk is to carefully select which
companies and bonds to invest in and to spread the fund portfolio over a number of bonds to lessen the company
specific risk.
Bonds are therefore investments representing the debt of a company. They are loans, or “IOUs” issued by these
organisations and bought by banks, insurance companies, fund managers and private investors. Fund investors are
therefore indirectly buying a number of bonds and are appointing the fund manager to appraise, select and manage
the portfolio of bonds on their behalf.
The global bond market is actually larger than the equity market. Bonds are issued in a variety of currencies and
may differ greatly from each other in terms of risk, yield, date of maturity and sometimes other features such as
call and put options, which allow the bond issuer or investor to redeem the bond ahead of the final maturity date.
4. CORPORATE BONDS - THE KEY RISKS
There are a number of risks associated with investing in corporate bonds including, but not limited to; default
risk, market risk, company specific risk, interest rate risk and credit rating risk. The investment manager to
the Fund believes its investment philosophy, bond selection process and attention to detail minimises these
risks and that fund investors are rewarded with high levels of income potential and a high degree of capital
protection to compensate them for the risks that remain.
Our approach to limiting the impact of risks on the fund includes:
• Diversification across companies, sectors, countries, rating and bond duration
• A preference for companies with strong cash flow generation
• Asset backed securitised lending only
• Avoidance of high risk company ‘recovery’ scenarios
• Use of financial ratio analysis including short term liquidity analysis (cash ratio) and longer term solvency
testing (interest coverage and debt to equity)
• Comprehensive due-diligence, risk analysis and stress testing
• A focus on bond issuers with a clean corporate history of prior borrowing and repayments
• A policy of buy at inception and hold until redemption
• A fund portfolio of clean and simple loans, avoiding complex bond options
5. MANAGEMENT TEAM
Simon James Welsh
Fund Director
Roger Priaulx
Independent Fund Director
Lee Grant Smith
Investment Manager
Mike Young, CFA
Fund Advisor
Hypa Asset Management Limited is run by authorised finance
professionals with over 40 years combined experience in
alternative investments in the global financial markets.
6. FUND KEY FACTS
Fund Name: Global High Income Fund
Fund Sector: Fixed Interest, Global
Fund Structure: Exempted Company registered as a mutual fund
with CIMA
Investment Manager: Hypa Asset Management Limited
Fund Auditor: KPMG
Fund Lawyer: Appleby (Cayman) Ltd
Fund Administrator: Harmonic Fund Services
Regulator: Cayman Islands Monetary Authority
Investment Term: Recommended 5 years plus
Target Return: 10% income per annum, net of fund fees
Minimum investment: USD 100,000
Subscriptions: Monthly at latest NAV
Subscription fee: Nil
Placement fee: Nil
Management fee: 1.0% per annum
Performance fee: 20% of Fund profits above a 10% p.a. hurdle
Redemptions: Quarterly with 90 days notice required
Redemption fee: Nil
Fund valuation Policy: IFRS, annual audited, bi-annual unaudited
7. DISCLAIMER
The Global High Income Fund LTD is suitable for sophisticated investors, who do not require immediate
liquidity for their investments, for whom an investment in the fund does not constitute a complete
investment programme, and who fully understand and are willing to assume the risks involved in the
fund’s investment programme. Subscribers for shares must represent that they are acquiring the shares
for investment. No offer to sell or solicitation of an offer to buy is being made in any jurisdiction in which
such offer or solicitation would be unlawful. Other than registration with the cayman islands monetary
authority, the offering of securities hereby has not been filed with or approved or disapproved by any
regulatory authority of any country or jurisdiction, nor has any such regulatory authority passed upon
or endorsed the merits of this offering or the accuracy or adequacy of this document or the confidential
memorandum to the fund. Any representation to the contrary is unlawful. Shares are not registered for
sale, and there will be no public offering of the shares.
8. CONTACTS
Investment Manager
Hypa Asset Management Ltd
Clifton House | 75 Fort Street
PO Box 1350 | Grand Cayman KY1-1106
Cayman Islands
GHIF@hypaasset.com
www.hypaasset.com
Tel: +44 207 559 3601
Fax: +44 207 559 3401
Administrator
Harmonic Fund Services
Cayman Corporate Centre | 27 Hospital Road, 4th floor
P.O. Box 940 GT | KY1-1102
Cayman Islands
www.harmonic.ky
Auditor
KPMG
P.O. Box 493 | Century Yard, Cricket Square
Grand Cayman | KY1-1106
Cayman Islands
www.kpmg.com/KY
Fund Lawyer
Appleby (Cayman) Ltd
Clifton House | 75 Fort Street
PO Box 190 | Grand Cayman | KY1-1104
Cayman Islands
www.applebyglobal.com