INVESTOR

INVESTOR 2017-12-13T15:15:05+00:00

ANNOX is a private alternative investment fund registered with the Danish FSA (Finanstilsynet) and domiciled in Luxembourg as a RAIF-SICAV under Luxembourg’s FSA (CSSF). The fund is open to seed investors from 13 December 2017 until 20 December 2017 (3 pm CET). The fund is suitable for professional investors, i.e., HNW clients, companies, and institutional investors.

The objective of the fund is to provide investors with short- and long-term positive returns in all financial environments by investing in equities, fixed income, commodities, and FX. We invest with a conservative risk profile with emphasis on tail risk.

ANNOX will launch on 20 December 2017 in Luxembourg as ANNOX Alpha SICAV in a RAIF structure (Reserved Alternative Investment Fund) with GAM as Management Company. GAM is operating under the local FSA regulation (CSSF). The fund has mandated the following third parties:

Investment Advisor ANNOX A/S
ManCo GAM
Fund domicile ANNOX SICAV-RAIF, Luxembourg
Subfund ANNOX Alpha Fund
Minimum subscription Share class S: 125.000 EUR
Share class C: 250.000 EUR
Entry fee 0%
Exit fee 0%
Management fee Share class S: 0%
Share class C: 0.5%
Subscription fee 0%
Performance fee Share class S: 30% (seed investors 20%)
Share class C: 25%
High water mark YES
Exit notice T+3 days
Broker Interactive Brokers LLC
Clearing broker J.P. Morgan
Depositary and Administrator State Street Bank Luxembourg
Fund auditor PWC
Legal advisor Arendt & Medernach, Luxembourg

HOW TO INVEST IN ANNOX ALPHA FUND

Informed professional investors are eligible to invest in the ANNOX Alpha Fund. To invest in the ANNOX Alpha Fund only two steps are needed:

1. Select a Share Class you would like to invest in:

Share Classes of ANNOX Alpha Fund

 Fund name  Share
Class
 Currency  DIST /
CAP
 Minimum
Subscription
 Maximum
Subscription Fee
 Maximum
Redemption Fee
Management
Fee (max.)
Performance
Fee
ISIN
Code
 ANNOX Alpha Fund  C  EUR  CAP  EUR 250.000  0.00%  0.00%  0.50% p.a.  25%  LU1696442927
 ANNOX Alpha Fund  S  EUR  CAP  EUR 125.000   0.00%   0.00%   0.00%  20% up to 31.12.2020,
30% afterwards
 LU1696443065

The 20% performance fee within the share class S is applicable for seed investors only. The acceptance into this fee structure will depend on the timing of the investment. To inquire acceptance into this share class please contact your ANNOX representative or write to info@annox.com.
Download the offering document here.

2. Provide ISIN code to Your Bank

Once you have selected the share class and received acceptance, you may provide your bank with the relevant ISIN code. Based on the ISIN code, your bank will buy the fund shares on your behalf, either in Clearstream/Vestima or Fundsettle.

Alternatively, you can invest through a Transfer Account (TA) with State Street Bank Luxembourg:

  • If you are investing as a company or an institution, you can set up your own TA account with State Street Bank
  • As a well-informed private investor you can invest through your bank’s TA account with State Street Bank (if not available, this can be set up by your bank)

HOW TO FOLLOW YOUR ANNOX ALPHA FUND INVESTMENT

The daily NAV for ANNOX Alpha Fund is calculated by State Street (ANNOX Administrator and Depositary) and will be available on the website of GAM (ANNOX Management Company) on www.gam.com and www.annox.com.
A monthly risk report will be available on www.annox.com.

HOW TO INVEST IN ANNOX ALPHA FUND

Informed professional investors are eligible to invest in the ANNOX Alpha Fund. There are two ways to invest in the ANNOX Alpha Fund:

1. Select the share class you like to invest in:

Share Classes of ANNOX ALPHA FUND

 Fund name  Share
Class
 Currency  DIST /
CAP
 Minimum
Subscription
 Maximum
Subscription Fee
 Annox Alpha fund  C  EUR  CAP  EUR 250.000  0.00%
 Annox Alpha fund  S  EUR  CAP  EUR 125.000   0.00%
 Fund name  Maximum
Redemption Fee
Management
Fee (max.)
Performance
Fee
ISIN
Code
 Annox Alpha fund  0.00%  0.50% p.a.  25%  LU1696442927
 Annox Alpha fund   0.00%   0.00%  20% up to 31.12.2020,
30% afterwards
 LU1696443065

The 20% performance fee in share class S is applicable for seed investors only and acceptance into this fee structure will depend on the time of the investment. To inquire acceptance into this share class please contact your ANNOX representative or write to info@annox.com.
Download the offering document here.

2. Once you have selected the share class

Once you have selected the share class and received acceptance, you may provide your bank with the relevant ISIN code. Based on the ISIN code, your bank will buy the fund shares on your behalf, either in Clearstream/Vestima or Fundsettle.

Alternatively, you can invest through a Transfer Account (TA) with State Street Bank Luxembourg:

  • If you are investing as a company or an institution, you can set up your own TA account with State Street Bank
  • As a well-informed private investor you can invest through your bank’s TA account with State Street Bank (if not available, this can be set up by your bank)

3. HOW TO FOLLOW YOUR ANNOX ALPHA FUND INVESTMENT

The daily NAV for ANNOX Alpha Fund is calculated by State Street our Administrator and Depositary and will be available on the website of GAM, our Management Company on www.gam.com as well as on www.annox.com
A monthly risk report will be available on www.annox.com

Interactive Brokers as Broker

State Street as Depositary and Administrator

GAM as Management Company (ManCo)

Arendt & Medernach as Legal Advisor

PWC as Auditor

JP MorganChase as Clearing Broker

FEE STRUCTURE 2017-06-09T12:58:25+00:00

ONLY PERFORMANCE FEE – NO MANGEMENT FEE

FEE STRUCTURE (0/30) with high water mark

Management fee: Zero

Performance fee: 30% on absolute returns

Traditionally hedge funds have been remunerated with 2% management fee and 20% performance fee (2/20), but to improve focus on performance instead of AUM, the industry is moving towards 1% management fee or 30% performance fee (the higher of 1 or 30). Based on its strong performance and a well founded management company, ANNOX has elected to go further, and is not charging any management fee.

DOCS AND FORMS 2017-06-09T13:02:04+00:00

DOCS AND FORMS

Fund – ANNOX Alpha

  • Performance update (Not applied yet)
  • Subscription form (Not applied yet)
  • Redemption form (Not applied yet)
  • Prospectus (Not applied yet)
  • Articles of Associations (Not applied yet)

Accounting (annual reports)

  • 2017 (Not applied yet)

ABOUT TAX 2017-06-07T14:55:27+00:00

ABOUT TAX

General

ANNOX is not licensed to provide tax advice. Investors should seek their own tax advise.

DISCLAIMER 2017-10-09T01:57:22+00:00

This presentation is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Fund should seek their own independent financial advice. This presentation has been provided for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to in this presentation. This presentation is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Any decision to purchase securities or interests with respect to the Fund described on in this presentation must be based solely upon the information contained in the Prospectus for the Fund, including any supplements thereto, which must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. Alternative investment programs may not be suitable for certain investors. An investment into these funds can fluctuate in price or value against the investor’s interests. Financial data relating to the past is not necessarily a guide to future performance.