1. Fund’s fact
2. Investment strategy
3. Performance/ Reporting
4. Trading strategy
5. Macro economic environment
6. Risk management
1. Fund’s Facts
1.1 – Structure
Euroption Strategic Fund is an International Business Company incorporated and registered as a regulated open-ended professional mutual fund under the laws of the British Virgin Islands. The company has two classes of shares at present: Ordinary Shares, with the exclusive right to vote on all matters, and Participating Shares, redeemable and non-voting. The Fund is open to establish new classes in the future.
1. 2 – Reference currency of fund.
The euro€ is the reference currency of Euroption Strategic Fund. Therefore any subscriptions must be made in euro€ or converted to euro€ before submission.
1.3 – Open for new investors?
Yes, at present, the Euroption Strategic Fund is open to new investors.
1.4 – When can investments be made?
Investments can be made continuously, on a monthly basis.
1.5 – Minimum Investment.
€ 10,000.
1.6 – Lock-up period.
There is no lock-up period. Investments could be done also for a period of just one month.
1.7 – Front-end load?
None.
1.8 – Redemption frequency.
Monthly.
1.9 – Redemption notice.
Ten (10) business days before each valuation day.
1.10 – Can redemption be held back in “bad times” ?
No. It is a policy of the fund not to held any redemptions in “bad times”. The fund’s assets are completely liquid in every valuation day, so the fund can also pay the 100% of its asset in redemptions..
1.11 – Management Fee (%).
None (0%). Euroption Strategic Fund does not charge any Management Fee, only performance fees. The Investment Manager is thus forced to focus on delivering good profits for the Fund and its investors.
1.12 – What is the Performance Fee (%)?
The Investment Manager will receive a Performance Fee equal to 30% per annum on the total “New Net Trading Profits” attributable to the Investment Manager or appointed Trading Advisor(s) in any valuation period. New Net Trading Profits” means realised / unrealised gains and all interest earned minus realised and unrealised losses, brokerage, commissions, exchange fees and interest paid. If the New Net Trading Profit during any financial accounting period is negative, that negative amount will be a carry forward loss and must be recouped before a Performance Fee is payable.
If the New Net Trading Profit is negative, that negative amount will be a carry forward loss and must be recouped before an Incentive Fee is payable. The system used by the administrator to calculate the Performance Fee is the Relative High Water Mark.
The Performance Fee will be calculated and accrued monthly and paid monthly in arrears.
1.13 – When are the Performance Fees charged?
The Performance Fee will be calculated and accrued monthly and paid monthly in arrears.
1.14 – High water mark?
Yes, a high water mark is applied and no Performance Fees are paid before the high water mark has been achieved.
1.15 – Hurdle rate?
No, no hurdle rate is applied.
1.16 – Other costs charged to the fund?
The policy of Euroption Strategic Fund is to keep at maximum the fixed costs at a minimum, in order to maximize the return for the investors. However some fees, such as administration fees and audit fees are applied (indicated in the Offering Memorandum of the fund).
1.17 – Is the fund listed?
Euroption Strategic Fund is not listed on any Exchange.
1.18 – Type of investors.
The Fund is a professional mutual fund, so it is addressed to professional investors, such as Banks and Funds of Hedge Funds.
1.19 – Are the assets held in the name of the Fund?
Yes, at all times.
1.20 – Are all or any of the assets segregated?
Yes, all assets of the Fund will always be held in segregated bank accounts in the name of the Fund.
1.21 – Can the asset of the Fund be pledged or in any other manner used to support another entities liabilities?
No, monies of the Fund can be never subject to any pledge, encumbrance or lien.
1.22 – Who has signature authority for withdrawal/redemptions?
Only the Administrator has the signature authority for withdrawals, redemptions and/or the transfers of funds.
1.23 – What kind of shares are issued by the Fund?
The authorized share capital of the Fund is divided into Four Hundred and Ninety Nine Thousand Nine Hundred and Ninety, (499,990) non-voting, participating redeemable shares (the “Participating Shares”) at a par value of US$ 0.10 per Share and Ten, (10) voting, non-participating non-redeemable shares at a par value of US$ 0.10 per Share (The “Ordinary Shares”). The Director is authorized to issue Participating Shares up to the authorized share capital of the Fund.
1.24 – Is there any restriction for subscribers of certain jurisdictions?
The Fund Shares may not be offered, sold or transferred directly or indirectly in the United States or for the benefit of any US Person.
2. Investment strategy
3. Performance/ Reporting
4. Trading strategy
5. Macro economic environment
6. Risk management
1. Fund’s Facts
1.1 – Structure
Euroption Strategic Fund is an International Business Company incorporated and registered as a regulated open-ended professional mutual fund under the laws of the British Virgin Islands. The company has two classes of shares at present: Ordinary Shares, with the exclusive right to vote on all matters, and Participating Shares, redeemable and non-voting. The Fund is open to establish new classes in the future.
1. 2 – Reference currency of fund.
The euro€ is the reference currency of Euroption Strategic Fund. Therefore any subscriptions must be made in euro€ or converted to euro€ before submission.
1.3 – Open for new investors?
Yes, at present, the Euroption Strategic Fund is open to new investors.
1.4 – When can investments be made?
Investments can be made continuously, on a monthly basis.
1.5 – Minimum Investment.
€ 10,000.
1.6 – Lock-up period.
There is no lock-up period. Investments could be done also for a period of just one month.
1.7 – Front-end load?
None.
1.8 – Redemption frequency.
Monthly.
1.9 – Redemption notice.
Ten (10) business days before each valuation day.
1.10 – Can redemption be held back in “bad times” ?
No. It is a policy of the fund not to held any redemptions in “bad times”. The fund’s assets are completely liquid in every valuation day, so the fund can also pay the 100% of its asset in redemptions..
1.11 – Management Fee (%).
None (0%). Euroption Strategic Fund does not charge any Management Fee, only performance fees. The Investment Manager is thus forced to focus on delivering good profits for the Fund and its investors.
1.12 – What is the Performance Fee (%)?
The Investment Manager will receive a Performance Fee equal to 30% per annum on the total “New Net Trading Profits” attributable to the Investment Manager or appointed Trading Advisor(s) in any valuation period. New Net Trading Profits” means realised / unrealised gains and all interest earned minus realised and unrealised losses, brokerage, commissions, exchange fees and interest paid. If the New Net Trading Profit during any financial accounting period is negative, that negative amount will be a carry forward loss and must be recouped before a Performance Fee is payable.
If the New Net Trading Profit is negative, that negative amount will be a carry forward loss and must be recouped before an Incentive Fee is payable. The system used by the administrator to calculate the Performance Fee is the Relative High Water Mark.
The Performance Fee will be calculated and accrued monthly and paid monthly in arrears.
1.13 – When are the Performance Fees charged?
The Performance Fee will be calculated and accrued monthly and paid monthly in arrears.
1.14 – High water mark?
Yes, a high water mark is applied and no Performance Fees are paid before the high water mark has been achieved.
1.15 – Hurdle rate?
No, no hurdle rate is applied.
1.16 – Other costs charged to the fund?
The policy of Euroption Strategic Fund is to keep at maximum the fixed costs at a minimum, in order to maximize the return for the investors. However some fees, such as administration fees and audit fees are applied (indicated in the Offering Memorandum of the fund).
1.17 – Is the fund listed?
Euroption Strategic Fund is not listed on any Exchange.
1.18 – Type of investors.
The Fund is a professional mutual fund, so it is addressed to professional investors, such as Banks and Funds of Hedge Funds.
1.19 – Are the assets held in the name of the Fund?
Yes, at all times.
1.20 – Are all or any of the assets segregated?
Yes, all assets of the Fund will always be held in segregated bank accounts in the name of the Fund.
1.21 – Can the asset of the Fund be pledged or in any other manner used to support another entities liabilities?
No, monies of the Fund can be never subject to any pledge, encumbrance or lien.
1.22 – Who has signature authority for withdrawal/redemptions?
Only the Administrator has the signature authority for withdrawals, redemptions and/or the transfers of funds.
1.23 – What kind of shares are issued by the Fund?
The authorized share capital of the Fund is divided into Four Hundred and Ninety Nine Thousand Nine Hundred and Ninety, (499,990) non-voting, participating redeemable shares (the “Participating Shares”) at a par value of US$ 0.10 per Share and Ten, (10) voting, non-participating non-redeemable shares at a par value of US$ 0.10 per Share (The “Ordinary Shares”). The Director is authorized to issue Participating Shares up to the authorized share capital of the Fund.
1.24 – Is there any restriction for subscribers of certain jurisdictions?
The Fund Shares may not be offered, sold or transferred directly or indirectly in the United States or for the benefit of any US Person.
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