Cadiz South Easter Fixed Interest SNN QI Hedge Fund


The Cadiz South Easter Fixed Interest SNN QI Hedge Fund aims to produce a return equal to JIBAR + 5% on a rolling 3-year basis with less volatility than the All Bond Index.

The fund may invest in government bonds, corporate bonds, money market instruments, debentures and securitized debt and other debt instruments as well as derivative instruments, such as bond options, interest rate swaps and forward rate agreements (FRAs).

Who the fund may be suitable for

Investors with knowledge and experience in hedge funds seeking a moderate risk profile who have appointed a Financial Services Provider (FSP) with knowledge and experience regarding the risks and merits of a hedge fund investment.

Qualified investors seeking absolute and reliable returns, which are uncorrelated to the bond or equity markets.

Qualified investors with a minimum of R1,000,000.00 (One Million Rand) to invest per portfolio.

Qualified investors who have at least a five-year or longer investment horizon.

Fund information

INVESTOR NEED
Consistent absolute and reliable returns

BENCHMARK
1-month JIBAR

INVESTMENT VEHICLE
Hedge Fund regulated under CISCA

WHAT DOES THE FUND INVEST IN?
The fund may invest in government bonds, corporate bonds, money market instruments, debentures
and securitized debt and other debt instruments as well as derivative instruments, such as bond
options, interest rate swaps and forward rate agreements (FRAs).

RISK RATING
Moderate

TIME HORIZON
Three to five years, or longer

LAUNCH DATE
1 November 2005

ASISA CLASSIFICATION (WHERE RELEVANT)
Not Applicable

INCOME DISTRIBUTION / PAYMENT
Bi-annual (30 June and 31 December)

INVESTMENT MINIMUM
Lump sum: R1,000,000
Monthly: Not Applicable

REGULATION 28
Not applicable

CURRENCY AVAILABILITY
South African rand

PORTFOLIO MANAGER
Alastair Sellick

STATUS
Open

LIQUIDITY
Three-month notice period to disinvest.

Cadiz Initial Fee
NIL

Cadiz Annual Management Fee
1.00% (excluding VAT)

Cadiz Performance Fee
A performance fee of 20% of the outperformance over 1 month JIBAR is charged (excluding VAT).
The performance fee is crystallized monthly.
The fee calculation employs a High Watermark ensuring no fee is accrued until previous
underperformance has been recouped.

Adviser Maximum Initial Fee
3.00% (excluding VAT)

Adviser Maximum Ongoing Fee
1.00% (excluding VAT)

Total Expense Ratio (TER)
See Fund Fact Sheet

Additional Information

Transaction Forms


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Fund Fact Sheets


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