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ARGO

Absolute Return
Global Opportunity fund
(Argo sp)

What is ARGO SP fund?

Conservative and liquid investment opportunity, dedicated to capital preservation and stable returns above inflation. ARGO SP fund can be used as a more profitable and more liquid alternative to a bank deposit.

The fund invests in a carefully selected and well-diversified portfolio of global short-term bonds. The portfolio is actively managed to exploit mispricing opportunities and market dynamics of the global bond markets.

How’s ARGO Performing
During the Crisis

The ARGO fund portfolio entered the sudden crisis well prepared.

No companies within sectors most susceptible to the current crisis

No issuers with insufficient liquidity cushion and large amounts of debt

Significant cash position

Corner-stone principles of ARGO strategy

  • Capital preservation
  • Deep fundamental analysis
  • Meticulous risk management

Strategy and Figures

The fund’s strategy has been employed to manage Movchan’s Group partners money since 2005, before being offered to clients in a form of a fund in 2016.
Annualized net return since 2005 has been 6.9% per year. Max drawdown (crisis of 2008) has been −5,5%.

Annual net return since 2005 6.9%

Our Client

The fund welcomes eligible investors who passed KYC and AML. The fund does not accept US residents and politically exposed persons. You can make a direct individual or corporate investment into the ARGO SP fund through EXANTE brokerage account.

Fund performance results are calculated monthly by Fund’s administrator APEX Fund Services and reported to investors usually no later than the tenth of next month.

Argo In a nutshell

Investment focus Global short-term bonds
Target net yield to client USD 5–6%
EUR 3–4%
Minimum investment USD 250,000
EUR 250,000
Liquidity Monthly
Fund launch date April 2016
Historical net yield to client 4.5% in USD
Historical max drawdown -11% in USD
Historical Sharpe ratio 1.7
Historical Sortino ratio 2.9
Weighted average portfolio duration 2 years
Average portfolio composition 25–35 bonds
Management fee 1%
Success fee 10%
Net asset value reporting Monthly
Current portfolio reporting By request
Global custody & prime broker UBS Zurich
Administrator APEX Fund Services
Auditor Deloitte
Bloomberg ISIN for USD / for EUR KYG1988M4966 /
KYG198751482

Performance 2020

Performance, p.a., Apr. 16 – Dec. 19
Annualised Volatility
Sharpe Ratio
Sortino Ratio
Correlation to ARGO
Performance, p.a., Jan. 20 – Jul. 20
Fund ARGO SP Class I
5,8%
1,3%
3,3
9,2
-2,6%
Bond Index EMBI Global EM Sovereign
6,7%
3.1%
2,2
5,5
0,4
-5,6%
ETF Short-Term Bonds, USD Blackrock iShares 0-5 yr HY
6,7%
3.1%
2,2
5,5
0,4
-2,2%
ETF Short-Term Bonds, USD Invesco Global ST HY
5,4%
2,1%
2,7
10,3
0,4
-2,1%
Stock Indexes, USD S&P 500
12,7%
11,1%
1,0
1,5
0,3
-1,2%
Stock Indexes, USD MSCI EM
7,9%
13,6%
0,5
0,7
0,6
-3,2%
Stock Indexes, USD Rus RTS USD
16,4%
18,0%
0,9
1,6
0,3
-20,3%

In this chart, the yield does not include the Manager’s commission

Team

The fund’s portfolio is managed by a highly experienced team of Movchan’s Group investment professionals.

  • Andrey Movchan
    Andrey Movchan CEO Movchan’s Group
  • Alexander Ovchinnikov
    Alexander Ovchinnikov Partner and Portfolio Manager
  • Elena Chirkova
    Elena Chirkova Partner and Portfolio Manager
  • Rafael Nagapetyants
    Rafael Nagapetyants Partner, Business Development
  • Michael Portnoy
    Michael Portnoy Partner, Business Development
  • Julia Prokofieva
    Julia Prokofieva Head of Consulting

Disclaimer

Absolute Return Global Opportunity (ARGO) Fund SP registered in Cayman Islands as a Segregated Portfolio of the exempted company incorporated with limited liability and registered as a segregated portfolio company under the laws of the Cayman Islands and registered as a mutual fund under the Mutual Funds Law (as amended) of the Cayman Islands with company registration number 913426.

To verify https://www.cima.ky/upimages/commonfiles/1499783502ListMutualFunds.pdf

The registered address of company: P. O Box MP 10085, One artillery Court, 161a Shedden Road, George Town, Grand Cayman, Cayman Islands KY1-1001.

Investor eligibility

Only Eligible Investors who are Non-U. S. Persons could invest in Cayman Emerging Manager Platform SPC — Absolute Return Global Opportunity (ARGO) Fund SP.

Compliance Information

The views expressed here do not constitute investment or any other advice and are subject to change. They do not necessarily reflect the views of Cayman Emerging Manager Platform SPC — Absolute Return Global Opportunity (ARGO) Fund SP and no assurances are made as to their completeness or accuracy. An investment in Cayman Emerging Manager Platform SPC — Absolute Return Global Opportunity (ARGO) Fund SP should be viewed as a means of diversification within the context of an overall investment portfolio, and an investment should be made only after consulting with independent and qualified sources of investment and tax advice. No information on this site constitutes investment, tax, legal or any other advice.

If you are unsure about the meaning of any information provided, you must consult an appropriate regulated financial or other professional adviser. An investment in Cayman Emerging Manager Platform SPC — Absolute Return Global Opportunity (ARGO) Fund SP is speculative and involves a high degree of risk. An investment in the products referred to in this website is suitable only for investors who can afford to lose all or a portion of their investment. No one should commit to invest a large percentage of their readily marketable assets in Cayman Emerging Manager Platform SPC — Absolute Return Global Opportunity (ARGO) Fund SP. There can be no assurance that the investment objective of any of the products will be achieved and investment results may vary substantially over time. Investment in any of the products is not intended to be a complete investment program for any investor. Past performance is not a guarantee of future performance. The price of units or shares can go down as well as up and may be affected by changes in rates of exchange. Income from investments may also fluctuate and be affected by changes in the rates of exchange. Data is complementary to and not a substitute for independent professional advice from a person qualified to provide it in your home country. The information contained on this website is subject to copyright with all rights reserved.

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