1 / 18

SC PRO Global Macro Fund

SC PRO Global Macro Fund. Rückblick Geschäftsjahr 2009 . 4. . Appendix. Haus- farben. Zusatz- farben. Agenda. SCG …. B 1 …. B 2 …. R 2 …. Rückblick Geschäftsjahr 2009 . 1. . Objectives. B 3 …. G 1 …. B 4 …. G 2 …. Rückblick Geschäftsjahr 2009 . 2 . . B 5 ….

harriet-wiley
Download Presentation

SC PRO Global Macro Fund

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SC PRO Global Macro Fund

  2. Rückblick Geschäftsjahr 2009 4. Appendix Haus- farben Zusatz- farben Agenda SCG • … B 1 • … B 2 • … R 2 • … Rückblick Geschäftsjahr 2009 1. Objectives B 3 • … G 1 • … B 4 • … G 2 • … Rückblick Geschäftsjahr 2009 2. B 5 • … Performance G 3 • … B 6 • … G 4 • … Rückblick Geschäftsjahr 2009 S 1 • … G 5 • … 3. About Swiss Capital Alternative Investments AG S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  3. Haus- farben Zusatz- farben Objectives of Crossinvest SCG • … B 1 • … B 2 • … R 2 • … • Crossinvest is a highly specialized Independent Investment Advisor (IIA) that offers PrivateClients Investment Advise and own products • Crossinvest has strategically positioned with its client as a ‘commodity-related house of expertise’ B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … S 1 • … G 5 • … S 2 • … G 6 • … Set-up of a commodity related product that gives access to broad and diversified, strategic commodity exposure, integrating best in class investment approaches of traditional and non-traditional investment manager. S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  4. Traditional Portfolio 95% Strategy: Discretionary Themes: “Growth; Mega Trends” Instruments: Commodities Vehicle: Futures, ETF, other derivatives Allocation: 30%-40% Advisor: Strategy: Fund of Hedge Funds Themes: “Growth; Mega Trends” Instruments: Commodities Vehicle: Single HFs Allocation: 100% Advisor: Haus- farben Zusatz- farben Objectives “Crossinvest Investment Structure” SCG • … B 1 • … B 2 • … R 2 • … Portfolio strategy B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … Strategic Commodity Portfolio 2-5% B 6 • … G 4 • … S 1 • … G 5 • … Temporary postponed S 2 • … G 6 • … S 3 • … W • … G 1 • … Structural wrapping Text • .. • .. G 2 • … QIF 100% G 3 • …

  5. Haus- farben Zusatz- farben What is “macro investing”? SCG • … B 1 • … B 2 • … R 2 • … • Macro strategies invest globally in different asset classes, e.g., equities, currencies, interest rate, commodities • Macro managers have a top-down view and use macroeconomic models to identify shifts in global demand and supply and forecast associated price dislocations • Macro investing is typically not rule based, managers take their discretionary investment decisions predominantly opportunistic and rely on their personal experience and economic understanding • Macro investment strategies produce uncorrelated and steady positive returns, particularly also during bear-markets B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … S 1 • … G 5 • … S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  6. Rückblick Geschäftsjahr 2009 4. Appendix Haus- farben Zusatz- farben Agenda SCG • … B 1 • … B 2 • … R 2 • … Rückblick Geschäftsjahr 2009 1. Objectives B 3 • … G 1 • … B 4 • … G 2 • … Rückblick Geschäftsjahr 2009 2. B 5 • … Performance G 3 • … B 6 • … G 4 • … Rückblick Geschäftsjahr 2009 S 1 • … G 5 • … 3. About Swiss Capital Alternative Investments AG S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  7. A F B G C H D E 10% 10% 15% 10% 15% 10% 10% 10% Haus- farben Zusatz- farben Current portfolio B 1 • … SCG • … B 2 • … R 2 • … Regressions against: MSCI World SC PRO Global Macro Fund A class (with currency hedging) B class (without currency hedging) B 3 • … G 1 • … B 4 • … G 2 • … Investment Profit and loss SC PRO Global Macro Fund In USD B 5 • … G 3 • … S&P GS Commodity 100% investment exposure Investment advisor B 6 • … G 4 • … S 1 • … G 5 • … Galena Fund Ltd. ** Brevan Howard Master Fund Ltd. Armajaro Commodities Fund Mesirow Financial ARS 2.5x ** S 2 • … G 6 • … DJCS Global Macro S 3 • … W • … GAM Global Rates Hedge Fund Graham Global Monetary Policy Program Banyan Capital Fund Ltd. Oceanic Hedge Fund G 1 • … Text • .. • .. G 2 • … G 3 • … ** Invested from September on

  8. Haus- farben Zusatz- farben Factsheet (1/2) B 1 • … SCG • … B 2 • … R 2 • … B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … S 1 • … G 5 • … S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  9. Haus- farben Zusatz- farben Factsheet (2/2) B 1 • … SCG • … B 2 • … R 2 • … B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … S 1 • … G 5 • … S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  10. Haus- farben Zusatz- farben Performance review and current positioning of single managers B 1 • … SCG • … B 2 • … R 2 • … B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … S 1 • … G 5 • … S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  11. Rückblick Geschäftsjahr 2009 4. Appendix Haus- farben Zusatz- farben Agenda SCG • … B 1 • … B 2 • … R 2 • … Rückblick Geschäftsjahr 2009 1. Objectives B 3 • … G 1 • … B 4 • … G 2 • … Rückblick Geschäftsjahr 2009 2. B 5 • … Performance G 3 • … B 6 • … G 4 • … Rückblick Geschäftsjahr 2009 S 1 • … G 5 • … 3. About Swiss Capital Alternative Investments AG S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

  12. Haus- farben Zusatz- farben Swiss Capital Alternative Investments is your first and best choice for alternative investments SCG • … B 1 • … B 2 • … R 2 • … Outstanding expertise B 3 • … G 1 • … • Highly specialized in a broad range of alternative investment strategies • 280 years of combined alternative investment experience B 4 • … G 2 • … B 5 • … G 3 • … Highly recognized Swiss precision • Dedicated to the tradition of Swiss precision • Based in a political and eco-nomically stable environment B 6 • … G 4 • … • Awarded with most important industry awards S 1 • … G 5 • … S 2 • … G 6 • … Nominated S 3 • … W • … Exceptional people • Highly sophisticated team with employees from top institutions and best universities G 1 • … Text • .. • .. G 2 • … G 3 • …

  13. Zusatz- farben Swiss Capital’s senior members and key product specialists SCG • … B 1 • … B 2 • … R 2 • … Hans-Jörg Baumann Hans-Jörg is CEO and Chairman of Swiss Capital Alternative Investments Before founding Swiss Capital in 1998, Hans-Jörg was head of Switzerland trading & sales, fixed income, risk management, foreign exchange and precious metals at UBS in Zurich. During his 20 years in banking and financial services, Hans-Jörg hold various leading positions at UBS in Zurich and Geneve, among others in trading & sales fixed income, equities, derivatives and capital markets product development Hans-Jörg holds a Masters in Business Administration and Economics from the University of Zurich B 3 • … G 1 • … CEO Senior Partner baumann@swisscap.com +41 (0)44 226 52 82 B 4 • … G 2 • … Marcel Schindler Marcel is Head of Products and overall responsible for Swiss Capital‘s product management, risk management and operations Before joining Swiss Capital in 2004, Marcel was chief financial officer at BT&T, a public Swiss Company. He gained broad and deep real estate expertise as audit manager at Arthur Andersen covering various commercial and mortgage lending banks an in commercial and real estate financing at UBS from 1987 to 1992 Marcel holds a Masters in Business Administration from the University of Zurich and is a Swiss Certified Accountant G 3 • … B 5 • … Head Products Senior Partner schindler@swisscap.com +41 (0)44 226 52 48 B 6 • … G 4 • … Paolo Patelli As Head of Portfolio Management, Paolo is responsible for the overall portfolio construction and the development of the macro outlook for Swiss Capital Alternative Investments. He also manages the SC Turnaround. When Paolo joined Swiss Capital in 2004, he was Head of Fixed Income, Forex and Derivative Trading at Banca del Gottardo Lugano. His close to 30 years of financial markets experience base on different positions in Italy (treasury of IHF-Internazionale Holding Fiat), UK (Barclays London) and Switzerland (Kredietbank (Suisse) Geneva) Paolo holds a MBA from University of Surrey, Guildford and a MSc in finance from University of Reading, Reading, HW Head Portfolio Management Partner patelli@swisscap.com +41 (0)44 226 52 10, S 1 • … G 5 • … S 2 • … G 6 • … Meinrad Wyser Meinrad is responsible for the single manager selection process Before Meinrad became a co-founder of Swiss Capital in 1998, he served UBS for 10 years, thereof 5 years in Hong Kong and Singapore. His experience includes emerging markets trading, credit trading, fixed income trading, development of structured products and risk management Meinrad holds a Bachelor in Business Administration and a Certified International Investment Analyst CIIA diploma from the Swiss Training Centre for Investment Professionals (AZEK) Head Selection Senior Partner wyser@swisscap.com +41 (0)44 226 52 87 S 3 • … W • … G 1 • … Marc-André Mittermayer Marc-André is responsible for the coverage of Global Macro/CTA strategies and manages several portfolios When Marc-André joined Swiss Capital in 2005, he first worked on the buy side as a Fundamental/Quantitative Analyst in a European-focused LSE hedge fund. At the end of 2007 he joined the fund of fund team and initially took over the coverage of LSE strategies as well as the management of several portfolios. Marc-André earned his Ph.D. in Economics in 2005 and also holds a Master in Business Administration from the University of Bern Text • .. • .. Portfolio Manager Director mittermayer@swisscap.com +41 (0)44 226 52 19 G 2 • … G 3 • …

  14. Haus- farben Zusatz- farben Agenda SCG • … B 1 • … B 2 • … R 2 • … Rückblick Geschäftsjahr 2009 1. Objectives B 3 • … G 1 • … B 4 • … G 2 • … Rückblick Geschäftsjahr 2009 2. B 5 • … Performance G 3 • … B 6 • … G 4 • … Rückblick Geschäftsjahr 2009 S 1 • … G 5 • … 3. About Swiss Capital Alternative Investments AG S 2 • … G 6 • … S 3 • … Rückblick Geschäftsjahr 2009 W • … 4. Appendix G 1 • … Text • .. • .. G 2 • … G 3 • …

  15. Armajaro Commodities Fund Brevan Howard Master Fund Ltd. Mesirow Financial ARS A B C Performance* Performance** +14.1% +14.3% Performance*** +15.6% Volatility Volatility +12.4% +7.4% Volatility +6.5% 06 07 08 09 10 05 06 07 08 09 10 04 05 06 07 08 09 10 Haus- farben Zusatz- farben Overview of the underlying managers (1/3) SCG • … B 1 • … B 2 • … R 2 • … B 3 • … G 1 • … • MultistrategyFixed Income Style • Global Commodities • Commodity Futures B 4 • … G 2 • … Firm • Launched in 2003 • Located in London • Launched in 2004 • Located in London • Launched in 2005 • Located in Chicago B 5 • … G 3 • … B 6 • … G 4 • … Perfor-mance 250 250 250 S 1 • … G 5 • … 200 200 200 S 2 • … G 6 • … 150 150 150 100 100 100 S 3 • … W • … 50 50 50 G 1 • … Text • .. • .. Function • Superior outperformer and portfoliostabilizer • Growth element • Low correlated commodity trader G 2 • … * CAGR (compound annual growth rate) since launch in April 2003 ** CAGR (compound annual growth rate) since launch in April 2004 *** CAGR (compound annual growth rate) since launch in June 2005 G 3 • …

  16. Oceanic Hedge Fund Banyan Capital Fund Ltd. Galena Fund Ltd. E F D Performance*** Performance*** Performance** +15.3% +13.8% +14.5% Volatility Volatility Volatility +6.1% +12.3% +8.6% 05 05 06 06 07 07 08 08 09 09 10 10 03 04 05 06 07 08 09 10 Haus- farben Zusatz- farben Overview of the underlying managers (2/3) SCG • … B 1 • … B 2 • … R 2 • … B 3 • … G 1 • … • Equity Index Trading Style • Energy/Shipping LSE • Opportunistic Trading B 4 • … G 2 • … • Launched in 2004 • Located in Boca Raton Firm • Launched in 2002 • Located in London • Launched in 2004 • Located in London B 5 • … G 3 • … B 6 • … G 4 • … Perfor-mance 250 300 250 S 1 • … G 5 • … 250 200 200 200 S 2 • … G 6 • … 150 150 150 100 100 100 S 3 • … W • … 50 50 50 G 1 • … Text • .. • .. Function • Top performer global trading • Energy element • Metals (specialist) element G 2 • … * CAGR (compound annual growth rate) since launch in July 2004** CAGR (compound annual growth rate) since launch in April 2004 *** CAGR (compound annual growth rate) since launch in August 2002 G 3 • …

  17. Graham Global Monetary Policy Program GAM Global Rates Hedge Fund H G 07 08 09 10 04 05 06 07 08 09 10 Haus- farben Zusatz- farben Overview of the underlying managers (3/3) SCG • … B 1 • … B 2 • … R 2 • … B 3 • … G 1 • … • Opportunistic short term currency and fixed income trading • Global fixed income and currencies Style B 4 • … G 2 • … Firm • Launched in 2006 • Located in Greenwich • Launched in 2004 • Located in London B 5 • … G 3 • … B 6 • … G 4 • … Perfor-mance 250 250 S 1 • … G 5 • … Performance* +18.3% Performance** +11.7% Volatility +6.1% Volatility +7.7% 200 200 S 2 • … G 6 • … 150 150 100 100 S 3 • … W • … 50 50 G 1 • … Text • .. • .. Function • Outperformer • Stable and consistent return generator G 2 • … * CAGR (compound annual growth rate) since launch in March 2006 ** CAGR (compound annual growth rate) since launch in January 2004 G 3 • …

  18. Haus- farben Zusatz- farben Legal important information and disclaimer SCG • … B 1 • … B 2 • … R 2 • … Swiss Capital Alternative Investments AG Talacker 41 Postfach 2865 CH – 8022 Zurich +41 44 226 5252 E-mail: info@swisscap.com www.swisscap.com B 3 • … G 1 • … B 4 • … G 2 • … B 5 • … G 3 • … B 6 • … G 4 • … a) Estimates do not represent the result of an official calculation of the fund’s Net Asset Value. Therefore, the estimates of the current month influence any other calculation in the monthly report. b) These indices are not benchmarks according to the prospectus nor the Swiss Funds Associations Performance Presentations Standards as they are not representative of the fund’s investment strategy. They are mentioned for information purposes and should be seen as comparisons of asset classes. Further information of these indices can be found on Bloomberg. c) The sector allocations are designed to reflect the expected long-term risk exposure to each sector. The figures are based on estimates of the risk of each sector for the current Portfolios whose structure and constituents are regularly reviewed by the investment management team and are therefore subject to change. d) The track record is based in whole or in parts upon backtested data for information purposes only. This track record does not refer to actually achieved performance and, therefore, is not and can not be used as a basis for conclusions as to the current and/or future performance of the product. e) The track record shows the performance development of the USD class of the Portfolio of the Fund only. The performance development of the other classes of the Portfolio differs due to currency hedging as well as conversion reasons. Swiss Capital Non-Traditional Funds (the ‘Fund’) Limited is an open-ended umbrella unit trust authorized in Ireland by the Irish Financial Services Regulatory Authority pursuant to the provisions of the Unit Trusts Act, 1990. The Fund is made up of a number of portfolios (The SC Long/Short Equity Fund, the SC Long/Short Technology Fund, the SC Long/Short Healthcare/Biotech Fund, the SC Low Volatility Fund, the SC Trend Fund, the SC Turnaround Fund, the SC Asian Strategies Fund and the SC Multistrategy Fund, together “the Portfolios”) each being a separate pool of assets and liabilities. The Portfolios are ring-fenced sub-funds of the Fund, which offer investments in USD (Class A), in EUR (Class B) and in CHF (Class C). The Fund with all Portfolios is domiciled in Dublin and - except for the SC Multistrategy Fund - authorized by the Swiss Federal Banking Commission for distribution in and from Switzerland as “foreign investment funds with special risk”. The Portfolios invest as fund of funds in hedge funds which undertake alternative investments and employ investment methods, the risks of which are not comparable with those of mutual funds.  Investors’ attention is drawn explicitly to the risks explained in the prospectus of these funds. In particular, investors must be prepared to accept sizeable price losses. However, the fund makes every effort to minimise these risks by using strict criteria when selecting funds and by diversifying its individual investment strategies. There is no guarantee of trading performance and past/projected/target performance is no indication of current or future performance. The performance data does not take into account of all costs or commissions incurred on the issue and/or the redemption of units. S 1 • … G 5 • … S 2 • … G 6 • … S 3 • … W • … G 1 • … Text • .. • .. G 2 • … G 3 • …

More Related