Laurium Capital received approval of its Market Neutral and Long Short Funds as Retail Hedge Funds by the regulator under the Collective Investments Schemes Control Act (CISCA) in May 2016. This has kick-started a well thought out project plan to transition the funds into compliant Retail Hedge Funds, which is likely to be completed by August 2016. The Aggressive Long Short Fund has been approved as a Qualified Hedge Fund

This means that Laurium’s funds that were previously only available to institutional or qualified investors will be made available to individual investors and financial advisors, once they have been converted from their existing Limited Partnership structures into Trust structures.

Laurium Market Neutral Prescient RI Hedge Fund

Fund Details

The Laurium Market Neutral Fund is a single strategy, market neutral equity hedge fund that focuses on listed South African equities. The fund exploits opportunities within a universe of the more liquid stocks on the JSE.

Our investment process is grounded on fundamental analysis in-corporating trading dynamics. We screen for relative value using various valuation, growth and return metrics.

Investment Approach

The fund's investment objective is to generate an absolute monthly return with a target net annual return of 5% in excess of the Short Term Fixed Interest Rate (STeFI). Additionally, the fund strives to minimise risk through disciplined hedging practices and to maintain high levels of liquidity, low concentration risk and low correlation to the equity market.

Fund Managers

Gavin Vorwerg & Murray Winckler

Inception Date

1 January 2009

Risk Profile

Conservative

Subscriptions

Monthly

Redemptions

1 calendar month notice

Hurdle

Short Term Fixed Interest (STeFI)

Minimum Investment

R250 000 lump sum

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

20% per annum Levied on 20% of increase in NAV, subject to a STeFI hurdle and high watermark

Current Legal Structure

En commandite partnership domiciled in South Africa

Prime Broker

Deutsche Securities

Laurium Long Short Prescient RI Hedge Fund

Fund Details

The fund uses fundamental bottom-up research, with a value bias, to generate a concentrated but conservative portfolio.

Moderate leverage and utilisation of derivatives where appropriate are used to enhance yield, protect asset values and minimize volatility.

Investment Approach

To deliver a return of at least 7% p.a. greater than the SA Consumer Price Index on a rolling 3-year basis, with low volatility relative to the JSE ALSI and a low risk of capital loss.

Fund Managers

Gavin Vorwerg & Murray Winckler

Inception Date

1 August 2008

Risk Profile

Moderate

Subscriptions

Monthly

Redemptions

1 calendar month notice

Hurdle

Short Term Fixed Interest (STeFI)

Minimum Investment

R1 million lump sum

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

20% per annum Levied on 20% of increase in NAV, subject to a STeFI hurdle and high watermark

Current Legal Structure

En commandite partnership domiciled in South Africa

Prime Broker

Deutsche Securities

Laurium Aggressive Long Short Prescient QI Hedge Fund

Fund Details

The fund uses fundamental bottom-up research, with a value bias, to generate a concentrated portfolio. Leverage and utilisation of derivatives where appropriate are used to enhance yield, protect asset values and minimize volatility.

Investment Approach

To deliver a return of at least 10% p.a. greater than the SA Consumer Price Index on a rolling 3-year basis.

Fund Managers

Gavin Vorwerg & Murray Winckler

Inception Date

1 January 2013

Risk Profile

Aggressive

Subscriptions

Monthly

Redemptions

1 calendar month notice

Hurdle

Short Term Fixed Interest (STeFI)

Minimum Investment

R1 million lump sum

Annual Management fee (Excl. VAT)

1.0%

Annual Performance fee (Excl. VAT)

20% per annum Levied on 20% of increase in NAV, subject to a STeFI hurdle and high watermark

Current Legal Structure

En commandite partnership domiciled in South Africa

Prime Broker

Deutsche Securities