Garraway Financial Trends Launches New Funding Share Class
9 June 2016
Garraway Capital Management LLP is pleased to announce that Garraway Financial Trends, the managed futures UCITS fund for which it is investment manager, has launched two new funding share classes with lower fee structures. It is anticipated that the new share classes will have limited capacity.
Class X Shares have a 0.5% management fee and a 10% performance fee calculated annually, with equalisation. Class Y Shares have a 1% management fee and a 10% performance fee calculated quarterly, without equalisation. Both share classes will be available in US Dollar, Sterling, Euro, Swiss Franc and Japanese Yen denominated shares.
The fund employs a systematic trend following strategy that trades a diversified portfolio of futures in currencies, government bonds and stock indices. It is domiciled in Ireland and has daily dealing. As at 31 May 2016, the fund’s primary share class (Class A USD) has returned +8.38% since the start of the year. The latest KIIDs and factsheets for the fund, containing full details of the fund’s past performance, are available at www.garrawaycm.com.
Darran Goodwin, the fund manager, commented ‘With the launch of these new share classes, we are looking to attract long term cornerstone investors. By offering share classes both with and without equalisation, we are looking to make the fund available as widely as possible.’
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Notes to Editors
Garraway Financial Trends is a sub-fund of Garraway Funds plc, an open-ended umbrella fund authorised in Ireland as a UCITS IV fund and regulated by the Central Bank of Ireland. Garraway Capital Management LLP offers an existing infrastructure that benefits from strong operational, marketing and sales support for established and emerging managers. Garraway Capital Management is part of the UK-based Anath Capital group of companies, the members of which have approximately $530 million under management as at 31 March 2016.
Garraway Financial Trends Class A USD Performance
All data as at 31 May 2016 unless stated otherwise. Percentage share performance is calculated using net asset values per share. There is no guarantee of future performance and past performance is not a reliable indicator of future performance. Potential investors should note that alternative investments can involve significant risks, including the possible loss of the principal amount invested, and that the value of investments may go down as well as up.