Apostle Aurora II Australia Fund
Investment Objective
The Apostle Aurora II Australia Fund’s investment objective is to generate consistent long-term capital appreciation with low volatility and little correlation with equities and bonds through a portfolio with a diversified risk profile.
Primary Investments
The Fund is a feeder for the Aurora Offshore Fund Limited II (“the Underlying Fund”). The Underlying Fund invests in a range of Hedge Funds across multiple strategies including Equity and Credit Long/Short, Activist, Macro, Arbitage and dedicated Short Sellers.
Style
Absolute Return. Fund of Hedge Funds.
Investment Philosophy
Aurora believe that Hedge Fund managers can generate alpha because inefficiencies exist in the markets in which these managers trade. Aurora’s underlying managers are capable of capitalizing on these inefficiencies because of their inherent flexibility in managing absolute return portfolios, their superior intellectual capital and informational edges, and the existence of barriers to entry in their investment styles. Aurora are able to combine these managers, or sources of alpha, into a diversified portfolio, creating an alpha-generating vehicle.
Process
The Fund seeks to accomplish the investment objective by investing in the Underlying Fund which allocates its assets among a diversified pool of hedge funds across six different strategies. These strategies may include, but are not limited to, long/short equities, multi-strategy opportunistic, long/short credit, portfolio hedge, macro and activist strategies.
The Fund uses no leverage. The Investment Manager does not use leverage directly in the Underlying Fund, but it may be used by the hedge fund managers that the Investment Manager selects. Leverage is closely monitored with the Hedge Fund managers and the use of leverage varies amongst the different hedge fund managers and strategies.
Portfolio Fit
Will provide diversification benefits and lower the overall volatility of a traditional portfolio invested in Equities and Bonds.
Currency
Hedged into Australian dollars.
Management Fees
Available upon Request.
Vehicle
Fully distributing wholesale Australian Registered Managed Investment Scheme. The Fund has monthly valuations. Applications may be made monthly and redemptions will be processed quarterly (subject to notice periods disclosed in the Information Memorandum). Apostle Asset Management Limited acts as Responsible Entity.
Investment Manager
Aurora Investment Management L.L.C. (formerly Harris Alternatives L.L.C.) is the investment manager of the underlying fund.
Portfolio Team
Three portfolio managers supported by research and quantitative investment professionals.
APIR Code
IAM0002AU
Pdf Download
Product Flyer - printable version
MIT Payment Notice AAIIAF 2009
MIT Payment Notice AAIIAF 2010
Quick Links
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