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Atlantic House Uncorrelated Strategies Fund

The fund aims to deliver positive returns across a wide range of market scenarios while protecting the portfolio from significant market downturns.​ 

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Tom May 

CEO & CIO

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23 years of experience

15 years in group

Tom Boyle

Fund Manager

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7 years of experience
5 years in group

Valeriu Trufas

Fund Manager

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22 years of experience
1 year in group

Performance as at 31 October 2024

Past performance does not predict future returns.

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Cumulative performance (%)

Source: Atlantic House Investments/FE Analytics. Total Return in USD.  Please see supplement for full list of share classes.

Calendar Year Performance (%)

Source: Atlantic House Investments/FE Analytics. Total Return in USD

The fund systematically invests across diverse and highly differentiated sources of return. It will therefore have low correlations to traditional and non-traditional risk assets.

The fund's correlation to equity and bonds since launch

3%

Correlation to equities

-38%

Correlation to bonds

Source: Atlantic House,  13/06/2024.

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Why consider this fund?
 

Low correlation to traditional and alternative asset classes

The fund offers true diversification and will be uncorrelated to risk assets.

Proven derivative expertise and systematic approach

Our  strong heritage of successful derivative investing has been instrumental in building our rules-based investment approach while allowing us to test the portfolio across a range of different market conditions and macroeconomic environments.

Protection in periods of significant market weakness

The fund has the potential to generate strong returns during extreme market downturns.

Positive returns across most market conditions

Seeks returns from diverse and differentiated sources.

What does the fund invest in?

The fund systematically invests across multi-asset derivative strategies that have the potential to deliver diverse and highly differentiated sources of return from:

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  • Long volatility strategies that aim to profit from rising implied or realised volatility and may also act as a hedge against extreme market moves, and

  • Diversifier strategies that aim to generate positive returns, in normal market conditions, regardless of the direction of the market.

 

​​Investments that meet the fund managers’ screening criteria are allocated based on their specific contribution to risk, to ensure the fund maintains a net long volatility bias. Derivative positions are backed by government bonds.​

Source:  Atlantic House

Distributions

Investors who receive distributions from the Fund should be aware that these payments are made from capital, this will limit the potential for capital growth.

  • This is not a comprehensive list of every risk factor. You can view the full list in the Risk Warning section of the Prospectus, Supplement and Key Investor Information Documents here.

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    • The price of shares and income from them can go down as well as up, this may in part be due to exchange rate fluctuations. Investors may not get back the full amount originally invested. There is no guarantee the Fund will achieve its objective.

    • Derivatives Risk: The Fund is entitled to use derivative instruments for investment purposes and for efficient portfolio management and/ or to protect against exchange risks. Derivatives may not achieve their intended purpose. Their prices may move up or down significantly over relatively short periods of time which may result in losses greater than the amount paid. This could adversely impact the value of the Fund. The Fund may enter into various financial contracts (derivatives) with another party. Where the Fund uses futures or forward foreign currency contracts (derivatives), it may become exposed to certain investment risks including leverage, market, mismatching of exposure and/or counterparty risk, liquidity, interest rate, credit and management risks and the risk of improper valuation. Any movement in the price of these investments can have a significant impact on the value of the Fund and the Fund could lose more than the amount invested.

    • Issuer/Credit Risk: The Fund invests in government and corporate bonds. All bonds will be investment grade (i.e. at or above S&P rating BBB- or deemed equivalent). If any of the bonds the Fund owns suffer credit events the performance of the Fund could be adversely affected.

    • Liquidity Risk: In certain market conditions some assets in the Fund may become less liquid than at other times so selling at their true value and in a timely manner could become more difficult. 

    • Legal and Regulatory Risk: Future legal or regulatory change could have a significant effect on the Fund.

    • Other Risks: Other risks the Fund is exposed to include but are not limited to are possible changes in interest rates, changing expectations of future market volatility, changing expectations of equity market correlation and changing dividend expectations.

  • Objective: To generate capital growth over the medium to long-term. Designed to have low correlations to both traditional and alternative asset classes. 

    Launch date: 18 July 2022

    Fund size: $391.2mn​

    Base Currency: US dollar   ​

    Performance Fee: 20% a year of any returns the net asset value per share achieves 4% in excess of the Federal Funds overnight interest rate (subject to the net asset value being greater than the high-water mark and the high-water mark adjusted to take account of share dealings).

    XD date: 4 February, 4 May, 4 August, 4 November​

    Fund Type: UCITS​

    Dealing: Daily​

    Dealing Deadline: Noon (Irish time) ​

    Manager: Gemini Capital Management (Ireland) Limited

  • 7im, abrdn, Aegon ARC, Aegon Cofunds, AJ Bell, Aviva, Benchmark (Fusion Wealth), Elevate, Fidelity, FNZ, Fundment, Hubwise, James Hay, M&G (Ascentric), Morningstar, Novia Global, Nucleus, Parmenion, Pershing, Platform One, Quilter, Raymond James, Scottish Widows (Embark), Seccl / Octopus, Titan, Transact, True Potential, and Wealthtime (Novia).

    • ​This is a marketing communication. A comprehensive list of risk factors is detailed in the Risk Warnings Section of the Prospectus and the Supplement of the Fund and in the relevant key investor information document (KIID) final investment decision should not be contemplated until the risks are fully considered. A copy of the English version of the Supplement, the Prospectus, and any other offering document and the KIID can be viewed at www.atlantichousegroup.com and www.geminicapital.ie. A summary of investor rights associated with an investment in the Fund is available in English at www.geminicapital.ie. 

    • A decision may be taken at any time to terminate the arrangements for the marketing of the Fund in any jurisdiction in which it is currently being marketed. Shareholders in affected EEA Member State will be notified of any decision marketing arrangements in advance and will be provided the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification

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