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Profit Global Macro
Fund AGmvK
Investment Company with Variable Capital (ICVC):
View the Fund Performance
View
the Prospectus and Investment Regulations (pdf)
View
the Simplified Prospectus and Investment Regulations German (pdf)
View
the Prospectus and Investment Regulations German full version (pdf)
View Semi-Annual Report, 30 Jul
2008 (in German)
Open, Global Hedge Fund, Domiciled in Liechtenstein
A True Macro Fund Aiming at Absolute Return
Top-Down Asset Allocation Based on Innovative Liquidity Analysis
High Risks and Costs are Avoided; Expected Returns are Attractive
The Opportunity - A True Macro
Fund
What other Funds offer
Most global funds place
their emphasis on stock selection - Macro asset allocation usually takes the form of small deviations
from neutral weighting of an international index
Even 'global macro' funds are usually
operated by stock pickers
- As a result, performance suffers from stock exposure to bear-markets
....macro by name.
The facts: 80% of stock picking
active funds under-perform the benchmark market indices. 90% of positive
fund performance is due to macro asset allocation.
What we offer: A fund that...
a) focuses on international
macro asset allocation
b) minimises stock
picking
c) minimises risks
(long positions, no leverage or derivatives)
d) maximises absolute
return
e) utilises our proprietary
liquidity approach ....macro by name and
nature
Other Unique Features:
1) Due to a mainly long-only approach, risks and costs are minimized,
while returns can be highly attractive.
2) The fund management is totally independent of large corporate
or financial groups. There are no conflicts of interest.
3) The fund is based in the safe and independent Principality
of Liechtenstein. Fund assets are not taxed.
Investment Methodology
How do we invest? Analysing credit creation (liquidity), our approach
determines the state of the business cycle in each country and forecasts
exchange rates. Based on this, long positions in assets are allocated
globally.
We buy the entire equity market of a country where liquidity
is rising (recovery phase), bonds of a country where liquidity is falling
(downturn).
We take positions in currencies according to our liquidity
currency model, by either buying cash or combining a currency position
with a long equity or bond position.
We invest in Equities (overall market exposure), Bonds, Cash
and deposits (in all currencies).
Fund Management Track Record
The Profit Private Fund, true predecessor of today's Profit Global Macro Fund AGmvK,
was established with private funds by Richard A. Werner (Chief Economist,
Profit Research Center Ltd., Tokyo, and Portfolio Manager of the Profit Global
Macro Fund AgmvK). This fund was established on 26 February 1998 and has been
managed according to the same principles as the Profit Global Macro Fund AGmvK.
When the fund was closed in February 2000, the net asset
value since launch, after all fees and commissions, had risen by 309.50%
in dollar terms.
View the
track record (PDF, 14KB)
Click here to see the performance of the
Profit Global Macro Fund AGmvK
Legal Structure
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