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.

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¶¹ÊÓƵ Alternative Funds
ÃÛ¶¹ÊÓƵ Hedge Funds
Product domicile
Ireland
Portfolio management
n.a.
Fund management
ÃÛ¶¹ÊÓƵ 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¶¹ÊÓƵ AG, Stockholm
Day of inception
March 1, 2022
Currency of account
USD
Close of financial year
December 31
Issue
monthly
Redemption
quarterly
Distribution
Reinvestment
Maturity
Open end
Performance fee
10.00%
Management fee
1.50% p.a.
Minimum investment
n.a.
ISIN
IE00BYZV8345

Performance and Prices

Percentage growth

as of February 29, 2024
Cumulative
USD(%) EUR(%) SEK(%)
YTD
1M
3M
6M
1Y 5.25 3.14 4.43
2Y
3Y - - -
5Y - - -
ø p.a.5Y

Current data

Net asset value 29.02.2024 USD 104.30
High - last 12 months 31.01.2024 USD 104.43
Low - last 12 months 30.04.2023 USD 100.17
Assets of the unit class in mn 29.02.2024 USD 1.93
Total product assets in mn 29.02.2024 USD 162.49

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¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Ireland
MUFG Alternative Fund Services (Ireland) Limited
Italy
ÃÛ¶¹ÊÓƵ Asset Management SGR S.p.A.
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Norway
ÃÛ¶¹ÊÓƵ AG, Stockholm
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

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