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Fact Sheet
Fact Sheet
Quarterly Fund Update
Quarterly Fund Update

This fund is in wind up, with a wind up date of 15 March 2019.

No applications are being taken.

Obtains investment exposure by investing in the Nikko AM Wholesale Multi-Strategy Fund

Nikko AM NZ has engaged JP Morgan Alternative Asset Management Inc (JPMAAM) for the management of alternative assets. The Fund obtains investment exposure by investing in the Multi-Strategy Fund II, Ltd (MSF II Ltd).

JPMAAM is headquartered in New York with teams in London, Geneva and Singapore and manages and advises on over USD12 billion in multi and single-strategy funds-of-funds. JPMAAM have a team of 79 professionals dedicated to hedge fund investing.

JPMAAM are able to deliver access to substantial market, industry and investment resources. JPMAAM has deep, long-standing industry networks and relationships.

Philosophy

By integrating a number of hedge fund strategies, the objective is to generate capital appreciation over the long term through having a diversified risk profile, with relatively low volatility and a low correlation with traditional equity and fixed-income markets.

JPMAAM operate a thorough and comprehensive operational due diligence process and adopt a sceptical approach to hedge fund investing, focusing on what could go wrong and where the risk lies.

The breadth of choice of multi strategy investments, increased complexity and ‘unproven’ strategies make investing a research intensive process. JPMAAM undertake a high degree of due diligence, research and ongoing monitoring.

JPMAAM’s 31 investment analysts each cover four to six hedge funds. This high coverage ratio allows analysts to dig deeper and engage in thorough analysis and monitoring.

Objective

To exceed the benchmark over a rolling three year period after fees and expenses, before taxes.

Benchmark

Bloomberg NZBond Bank Bill Index plus 3% per annum