OVERVIEW
KEY NUMBERS
as of 31/01/2023
€89.5M
FUND SIZE IN BASE CURRENCY
-1.03%
YEAR TO DATE PERFORMANCE FOR CLASS U SHARES
+9.65%
PERFORMANCE SINCE INCEPTION FOR CLASS U SHARES
OUR VISION
INVESTMENT PHILOSOPHY
Our approach to investing combines macroeconomic, fundamental and technical analysis in a top-down design. Collecting information from different sources helps us uncover a greater array of opportunities and our style-agnostic investment strategy allows us to express our strongest convictions across a broad spectrum of assets.
INVESTMENT POLICY
Our objective is to generate an absolute return over multiple market cycles while keeping volatility and leverage at low levels. To achieve this, the sub-fund employs a global macro strategy and invests principally in OECD countries. The sub-fund will invest in financial derivative instruments to both achieve its investment objective and for the purposes of hedging. The sub-fund invests in both long and short positions on a vast array of financial assets. No particular target in relation to sectors or specific asset classes has been set.
INVESTMENT MANAGER COMMENTARY
Due to the extremely high volatility in both equity and bond markets we mantain a limited equity exposure by trading futures and options on indexes, bonds and equities.
For the moment our bond portfolio is based on investment grade bonds with short duration.
We keep a neutral exposure on US Dollar.
Download monthly factsheet with full commentary here.
ABOUT
CHARACTERISTICS
For ISIN codes see shares below
LEGAL FORM
SULA UCITS SICAV
FUND’S TYPE
UCITS
ASSET CLASS CLASSIFICATION
Multi-Asset
BASE CURRENCY
EUR
DOMICILE
Luxembourg
SFDR
Article 6
FIRST NAV DATE
12/12/2018
BENCHMARK
ESTR + 3.58%
INVESTMENT MANAGER
C&D Investments S.à r.l.
MANAGEMENT COMPANY
Waystone Management Company (Lux) S.A.
DEPOSITARY
UBS Europe SE, Luxembourg Branch
SHARE
CLASSES
- ISIN: LU1900183424
- Category: Retail
- Reference Currency: EUR
- Distribution (D) or Capitalisation (C): C
- Minimum Subscription: 1 Share
- Minimum Additional Subscription: 1 Share
- Minimum Holding: 1 Share
- Maximum Subscription Fee: 5%
- Maximum Redemption Fee: n/a
- Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
- Investment Management Fee: 1.40% p.a.
- Performance Fee: 10% p.a. of performance above ESTR + 3.58% under the additional condition that Share Class performance above High Water Mark, on a yearly basis
- Taxe d’abonnement: 0.05%
- ISIN: LU1900183697
- Category: High Net Worth
- Reference Currency: EUR
- Distribution (D) or Capitalisation (C): C
- Minimum Subscription: EUR 1,000,000
- Minimum Additional Subscription: 1 Share
- Minimum Holding: EUR 1,000,000
- Maximum Subscription Fee: 5%
- Maximum Redemption Fee: n/a
- Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
- Investment Management Fee: 1.05% p.a..
- Performance Fee: 10% p.a. of performance above ESTR + 3.58% under the additional condition that Share Class performance above High Water Mark, on a yearly basis
- Taxe d’abonnement: 0.05%
- ISIN: LU1900183770
- Category: Ultra-High Net Worth
- Reference Currency: EUR
- Distribution (D) or Capitalisation (C): C
- Minimum Subscription: EUR 10,000,000
- Minimum Additional Subscription: 1 Share
- Minimum Holding: EUR 10,000,000
- Maximum Subscription Fee: 5%
- Maximum Redemption Fee: n/a
- Management Fee: up to 0.06% subject to a minimum fee of € 15,000 p.a.
- Investment Management Fee: 0.70% p.a.
- Performance Fee: 10% p.a. of performance above ESTR + 3.58% under the additional condition that Share Class performance above High Water Mark, on a yearly basis
- Taxe d’abonnement: 0.05%
LEARN MORE
DOCUMENTS
Available for download
CONTACT
GET IN TOUCH
C&D Investments S.à r.l.
14, rue Beck
L-1222 Luxembourg
Grand Duchy of Luxembourg
P. +352 20 60 05 70
E. jfemenia@cdinvestments.lu
33A avenue J.F. Kennedy
L-1855 Luxembourg
Grand Duchy of Luxembourg
Waystone Management Company (Lux) S.A.
19, Rue de Bitbourg
L-1273 Luxembourg
Grand Duchy of Luxembourg