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Fat Prophets Global High Conviction Hedge Fund (ASX:FATP)

ALERT: Price-sensitive ASX Announcement for FATP
Current share price for FATP : $1.430 0 (0%)+
Announcement
Release
7 Nov 2024 10:20AM
Price at Release
$1.430
Full Release
download
Summary
The document is a New Product Disclosure Statement (PDS) for the Fat Prophets Global High Conviction Hedge Fund (FATP) provided by One Managed Investment Funds Limited. It outlines the key features, benefits, risks, fees, and investment strategies of the fund, as well as details on how to apply, redeem, and manage investments. The fund aims to provide investors with global exposure to a diversified portfolio of high-conviction investment ideas, utilizing both long and short positions across different markets. The PDS also describes the fund’s risk management practices, governance structure, relevant regulatory information, and the roles of key service providers involved in the operation and administration of the fund.
Key Points
  • FATP is a global high conviction hedge fund managed by Fat Prophets Pty Ltd and operated by One Managed Investment Funds Limited.
  • The fund seeks to deliver returns by investing in a concentrated portfolio of global equities and related securities, using both long and short positions.
  • The PDS details how to apply for, redeem, and manage units within the fund, including minimum investment amounts and procedures.
  • Risk factors are outlined, including market risk, currency risk, manager risk, and risks specific to hedge fund strategies.
  • The document explains the fee structure, including management and performance fees, and any applicable costs to investors.
  • Liquidity management and redemption terms are addressed, including the fund’s rights to suspend or restrict redemptions under certain conditions.
  • The PDS discusses the governance framework, including the role of the Responsible Entity and compliance measures implemented.
  • Regulatory disclosures are included to comply with Australian financial services laws and investor protection requirements.
  • The fund uses various risk mitigation and compliance strategies to manage investment and operational risks.
  • Contact details, complaints handling, privacy policy, and service provider information are provided for investors’ reference.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.