The Fund will seek to spread investment risk. The Fund will not (measured at the time of investment):
Invest more than 20% of its gross assets in the securities of any one issuer.
Invest more than 50% of its gross assets in the securities of any one country or industry.
Acquire more than 15% of the outstanding equity or debt securities of any one issuer.
Expose more than 20% of its gross assets to the creditworthiness or solvency of any counterparty, other than in respect of its exposure to the Prime Broker.
Invest directly in land and real estate, but may make investment in companies investing in land and real estate.
Take legal or management control of any issuer in which it invests or seek representation on the board of directors.
Fund incorporated on Cayman Islands and employs first class prime bankers, administrators, auditors and legal advisors
Minimal investment of $50,000 ($250,000 for U.S. persons)
Management fee of 1/5% per annum payable monthly
Performance fee of 20%, subject to individual high watermark rule
Subscriptions and redemptions can be made on a monthly basis on each Dealing day (Dealing day is the first business day of each month)
Subscriptions may be made with 3 Business Days' prior written notice
Redemptions may be made upon 30 days' prior written notice
Early redemption fee of 5% (retained by the Fund) on withdrawals within first 18 months
Russian version