Darling Macro Fund

Introduction

The Investment Manager pursues a global macro strategy for the Darling Macro Fund, which aims to dynamically allocate long and short exposure across many liquid markets within 4 major global asset classes: Equities, Bonds, Commodities and Currencies. 

Objectives

The objectives of the Darling Macro Fund are to generate risk adjusted positive returns over the medium to long term, which are less correlated to the movements in core equity and bond allocations. 

 

The Fund is aiming to achieve:

  1. A return of 9 % net of costs p.a. in excess of the Australian cash rate over a rolling 5-year period, as measured by the RBA Cash Rate.

  2. Annual volatility measured over the same 5-year rolling period is expected to be 15 % pa. 

  3. Materially lower drawdown risk than equities over the medium term.

  4. Low to moderate correlation to a strategic asset allocation of equities and bonds (70:30) over the medium term.

  5. Easily observable valuations and high liquidity.

There can be no assurance, however, that these objectives or returns can be achieved.

               

How to invest

You are welcome to contact us to arrange a meeting for a discussion of the fund 

- Download and review the Information Memorandum from this website

- Download other material such as the fact sheet and the past monthly reports from this website

- Download application forms from this website

Complete the application form and send with required identity documents per guidance on the application form to Apex Fund Services

Transfer the investment amount to the subscription account managed by Apex Fund Services

Once Apex Fund Services verifies the forms and the investment amount, units are issued shortly after

Once units are issued, Apex Fund Services will send personalised account details for a website for you to view your investment, and relevant information such as contract notes, reports and unit prices 

               

Key features

Eligible investors: Wholesale investors only

 

Suitable investor: A horizon over 5 years and comfortable with 15% volatility in returns

Minimum initial investment: $50,000

Valuations: Daily on Syd/Mel business days

Management Fee [1]

  • Class A: 100bps (p.a.) of NAV inclusive of GST

  • Class B: 50bps (p.a.) of NAV inclusive of GST

 

Performance Fee [2]

  • Class A: No performance fee

  • Class B: 10% of the cumulative performance of the Fund (after the Management Fee and any previous underperformance not previously recovered but before the deduction of the performance fees (paid or accrued)) above the Performance Hurdle. The Performance Fee (if any) is calculated and accrued on each Valuation Day and payable semi-annually.

Performance Hurdle: RBA Cash Rate.

Bid/Offer Spread: 0.10% per transaction.

[1]The Management Fee includes GST net of any reduced input tax credits. Any future changes in the amount of GST would result in a proportional change in the Management Fee.

[2]The Performance Fee includes GST net of any reduced input tax credits. Any future changes in the amount of GST would result in a proportional change in the Performance Fee.

Ratings

2019 - SQM 4.00 stars w logo PNG.PNG

Service Providers for the Darling Macro Fund

SQM Disclaimer: The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036 AFSL 421913. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.