Absolute Return Fund
WaveStone Capital in conjunction with the trustee (Fidante Partners) decided to terminate the WaveStone Capital Absolute Return Fund in February 2022.
Investors seeking information on the distribution payments should contact a financial adviser or the Fidante Partners Investor Services team on 13 51 53 or +61 2 9994 7000 from outside Australia during Sydney business hours. A breakdown of the components for the distributed amounts will be included in investors’ 2021/2022 tax statement which Fidante aims to send out in July 2022.
|Objective||The Fund aims to provide returns that exceed those available from comparable investments.|
|Benchmark||RBA Cash Rate1|
|1Performance fee hurdle||The higher of:
|Stocks held||Typically between 25 and 50.|
|Investment universe||The Fund invests in listed investments in Australia and New Zealand, or those expected to list within 12 months.|
|Minimum investment timeframe||At least five years|
|Minimum initial investment||$500,000|
|Management fee||1.25% p.a. (exclusive of GST) of the net asset value of the Fund|