Portfolio Manager:

Alphons Vermorken

Chief Investment Officer:

Lee Robinson

Key Strategy Facts

Liquidity: Daily

Transparency:  Monthly (Top winners/losers)

Strategy Currencies: USD; EUR; GBP

Fee Structure:

Performance: 20% (High watermark)

Management: 1.5% (Institutional) or 2.0% (Retail)

Legal (suggested)

Structure: Irish UCITS V

Investment Manager: Altana Wealth Ltd, London

Umbrella company : Altana UCITS Funds Plc (authorised by the Central Bank of Ireland)

Regulated Managers: Altana Wealth Ltd. (London) and Altana Wealth S.A.M. (Monaco)

Depositary: Société Générale S.A., Dublin Branch

Administrator: Société Générale Securities Services

Auditors: Grant Thornton

Lawyers: Walkers Ireland

For further information please contact:

For institutional investors:

Nerissa Ventanilla

Head of Investor Relations

Investorservices@altanawealth.com

+377 97 70 56 36

+44(0) 207 079 1080

For retail investors:

Please contact your Independent Financial Advisor.

Altana Director Alignment Strategy Europe

Investment Approach & Edge

The Altana Director Alignment Strategy Europe is a systematic equity Long/Short strategy investing in all major European stocks including Turkish and Russian stocks with a market cap over US$1 billion. It generates alpha on both the long and the short books by filtering directors’ transactions.

Our method is based on having a deeper understanding of the reasons behind each director’s purchases and sales.

It is only by analyzing the full picture of all the transactions happening in that period of time that you can conclude if it yields true alpha. In order to have liquidity and lower volatility, we only consider companies with a market cap of above $1 billion on the long side, and over $1 billion on the short side.

There are many reasons for corporate insiders to sell but only one reason to buy. Maybe, just
maybe, savvy investors will be able to profit from the acceptable face of insider trading
Peter Lynch, Manager, Magellan Fund – Fidelity Investment, 1977-1990

Our Edge is based on the following:

I

True alpha can be obtained from an information advantage.

II

Companies move closer and closer to real time reporting.

III

The individuals best informed on their company performance are the directors.

IV

Directors are better market timers.

Strategy Performance

ADAS EU vs. EuroStoxx50

Performance Disclaimer

The performance numbers are estimates and strictly for indicative purpose only. For performance results, please contact Investor Relations.

ADAS EU Managed Account with Goldman Sachs Performance (net*)

ADAS EUJanFebMarAprMayJunJulAugSepOctNovDecYTD
20162.35%-0.30%1.17%3.49%1.38%1.10%3.01%-1.84%0.28%1.38%-2.14%1.59%11.91%
20171.43%1.25%-0.03%4.24%0.16%4.93%2.29%0.68%1.59%4.72%-1.52%0.98%22.56%
2018-0.52%-0.04%-1.46%5.68%3.57%

*Performance (% m/m) is net of all legal, admin, trading and management fees. Latest month/YTD figures are final figures. Live trading with Goldman Sachs started in September 2016

EuroStoxx50 Performance

Exx50JanFebMarAprMayJunJulAugSepOctNovDecYTD
2016-5.07%-0.41%5.73%0.27%1.53%0.09%3.56%-0.12%-0.12%-1.94%3.42%1.82%0.70%
20171.79%3.72%-0.04%0.91%1.16%0.48%1.93%2.75%0.05%2.20%-2.83%-1.28%7.10%
20182.41%-4.72%-2.25%5.21%0.93%

Split Returns

ADAS EUJanFebMarAprMayJunJulAugSepOctNovDecYTD
Long-’172.05%1.43%2.59%4.87%1.65%0.21%0.70%1.59%1.93%4.53%-1.65%0.93%21.32%
Short-’17-0.61%-0.19%-2.62%-0.63%-1.49%4.88%1.58%1.93%0.22%0.18%0.13%0.05%0.84%
Long-’18-0.49%-0.04%-1.69%5.90%3.56%
Short-‘180.15%0.00%0.25%-0.13%0.27%

*January to May: managed account performance excluding fund management fees; July onwards UCITS Fund.

Strategy Exposure and Trades

Exposure & Number of Trades

Gross & Net Exposure

ADASJanFebMarAprMayJunJulAugSepOctNovDecYTD
Gross-’17125%142%180%169%129%139%137%130%113%106%101%96%130%
Net-’1759%49%8%17%56%45%55%66%83%90%97%96%59%
Gross-‘1890%96%89%99%96%
Net-‘1890%96%89%97%95%

Geographical Exposure

Exposure in % of NAV

Exposure in % of NAV

Sector Exposure

Long

Short

Market Capitalization Exposure

Net Market Capitalization

Newsletters

Monthly Reports

Newsletter ADAS July 2017

Documents

Fund Documents

Note: Altana Wealth Ltd (“Investment Manager”) has agreed to cap the TER whilst the total fund AUM remains below $20m with the following rates.

  • TER cap for Institutional share classes: 2.5%
  • TER cap for Retail share classes: 2.95%

The TER cap excludes performance fees but includes management fees and all other fund related expenses that are incurred in the normal course of operation of the fund.

Please note that once the total fund AUM exceeds $20,000,000 the TER cap will no longer apply and fees will apply as normal.

The cap will be implemented by way of fee rebate paid directly from the Investment Manager (Altana Wealth) to the underlying investor until such time as the total fund AUM remains below $20m.

For further information, please contact investorservices@altanawealth.com.

 

 

KIIDS English:

– Representative KIID – Class G Shares (Non-Distributing) ADAS Fund

– Representative KIID – Class J Shares (Distributing) ADAS Fund

KIIDS German:

– Representative KIID – Class G Shares (Non-Distributing) ADAS Fund

– Representative KIID – Class J Shares (Distributing) ADAS Fund

©2018 Private & Confidential | info@AltanaWealth.com | www.AltanaWealth.com Altana Wealth Ltd | 8 Pollen Street | London W1S 1NG | Tel: +44 (0) 20 7079 1080+44 (0) 20 7079 1080 | Authorised and regulated by the Financial Conduct Authority Altana Wealth SAM | 33 Avenue St Charles| Monaco 98000 | Tel: +377 97 70 56 36 +377 97 70 56 36 | Authorised and regulated by the Commission de Contrôle des Activités Financières

©2019 Altana Wealth

Altana Wealth Limited is authorised and regulated by the "Financial Conduct Authority". Altana Wealth SAM is authorised and regulated by the "Commission de Contrôle des Activités Financières".

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