| Name: |
HI Varengold CTA Hedge - B |
| Type: |
Fund of special assets with additional risks (according to Part 113 of the German Investment Law, "InvG") |
| Investment Aim: |
The investment aim is a positive yearly yield, independent of the development of the global finance markets. The fund is invested in a so termed Lyxor Funds. Lyxor Funds are investment funds registered in Jersey and administered by Lyxor AM. As a component of the Lyxor Platform the funds have the following characteristics: Each fund is administered by a renowned hedge fund manager in accord with a detailed investment mandate, which is defined with Lyxor AM from the outset. This Lyxor fund qualifies as a "target fund" according to Part 112 of the InvG. |
| ISIN Number: |
DE0005321384 |
| Shares Class: |
B (Private Investor) |
| Currency: |
Euro |
| Net asset value: |
The net inventory value is calculated and published by HANSAINVEST weekly every Friday. |
| Management Fee: |
max. 2,05% p.a. of the net asset value |
| Incentive Fee: |
20 % of the excess returns High Water Mark |
| Front up Fee |
up to 5.5% of the subscription amount |
| Redemption Fees: |
up to 3% (according to the discretion of the capital investment company) |
| Portfolio Manager: |
Varengold Wertpapierhandelsbank AG, Hamburg |
| Administrator |
HANSAINVEST Hanseatische Investment-Gesellschaft mbH, Hamburg |
| Custodian Bank: |
CACEIS Bank Deutschland GmbH |
| Auditors: |
PricewaterhouseCoopers |
| Subscription: |
Subscription orders (set out in the number of shares) must normally be entered with the custodian bank on the Thursday of week N-1 in order to be executed on the Friday of week N. The shares and amounts due are then normally calculated at the latest on the second banking day after the issue day. The exact procedure is dependent on the executing custodian bank and the holiday calendar. Further information is to be found in the sales brochure and from the executing custodian bank. |
| Redemption: |
Redemption orders (exclusively in number of shares) must normally be entered with the custodian bank on the Thursday of week N-1 and be declared as irrevocable in order to be executed on the valuation day of week N. The shares and amounts paid are then normally calculated at the latest on the second banking day after the redemption day. The exact procedure is dependent on the executing custodian bank and the holiday calendar. Further information is to be found in the sales brochure and from the executing custodian bank. |
| Issue Price |
127,43 (as at 04/03/11) |
| Redemption Price |
120,79 (as at 04/03/11) |
