The Fund aims to achieve an income return, whilst seeking to preserve the capital of the Fund over both rising and falling equity markets.through investing in the Aurora Fortitude Absolute Return Fund (the ‘Master Fund’).
In order to meet the income needs of investors the Master Fund currently intends to pay a distribution of at least 1.0% of Net Asset Value per quarter in cash, plus available franking credits paid annually, the amount of distributions paid from the Master Fund (if any) to unit holders may fluctuate on a year-on-year basis, as may the Fund’s unit price.
The Manager has a wide discretion over the investments that may be held by the Master Fund. The pursuit of a diverse range of investments means that the Master Fund’s returns are not necessarily dependent on the stock market’s direction, or dependent on any specific assumption or key market parameter. The Master Fund does not seek to replicate the standard industry benchmarks.
In selecting investments for the Master Fund the Manager follows a rigorous investment selection process which includes detailed qualitative and fundamental research. The catalyst for the Master Fund to enter a trade is identifying mispriced risk. This is assessed in the context of a broad portfolio of listed equities, options, and other instruments. The Investment Manager continually evaluates market indicators or risk, and seeks opportunities across a range of strategies – whilst having regard to the expected time horizon of each investment.
Once an investment decision is made, the implementation of the trade is conducted in parallel with an active focus on risk management. The Master Fund uses derivatives for risk management as well as to create new positions.
The Master Fund invests in opportunities that it considers to offer attractive risk return characteristics with a focus on potential catalysts that seeks to generate a profitable return regardless of the market direction.
How to Invest
1. Read the PDS
2. Complete the application form in the PDS and forward funds with your application. Applications are processed monthly. The application form will need to be scanned and emailed to firstname.lastname@example.org by 12pm each day. The application price will be the closing Net Asset Value plus 0.02% (buy spread) on the day which cleared funds and the application form have both been received.
The application monies will need to be deposited to ;
Account Name: Aurora Absolute Return Fund
Bank: National Australia Bank
Account Number: 32 183 3193
Ref: Client Name
or a cheque attached to the application form made payable to “Aurora Absolute Return Fund” and posted to;
GPO Box 3993, Sydney NSW 2001
Once the application monies are received and cleared, Units will be allotted to a Shareholder Reference Number. This will normally be done with 48 hours of the application and cleared funds being received.
3. Receive confirmation of your investment via post.