Best Performer Sub-Fund, a sub-fund of Pilatus SICAV p.l.c. is licensed by the Malta Financial Services Authority as a Professional Investor Fund which is available to Qualifying Investors.
Investment Objective
The Investment Objective of the Sub-Fund is to achieve absolute returns under all market conditions.
There is no guarantee that the investment objective of the Sub-Fund will be achieved and investment results may vary substantially over time.
Investment Policies
The Investment Manager shall invest primarily in one or a mix of the following: (i) listed transferable securities including equities and debt securities; (ii) money market instruments; (iii) currencies (including EUR, USD, GBP, USD and CAD) and (iv) ETFs and other regulated collective investment schemes. The Investment Manager may invest in these asset classes either directly or indirectly through financial derivative instruments (such as options, futures and forwards).
The Sub-Fund will aim to invest in investment grade listed bonds (including, corporate and/or government bonds) with a maturity date ranging between 3 to 5 years. The Sub-Fund will not target any specific industry or sector or be exposed to any specific asset class. The Sub-Fund will generally invest in the EU and US markets. The SubFund will not be biased towards any market capitalisation.
The Investment Manager may also enter into short-term trades based on market conditions and macroeconomic trends with expiry scenarios from a few hours to several days. The Sub-Fund may invest in collective investment schemes managed by the Investment Manager and, subject to the MFSA rules on cross sub-fund investments and as set out in Section 2 of the Offering Memorandum, may also invest in other sub-funds of the Company. In this case, the Investment Manager shall re-imburse the Sub-Fund any investment management and/or performance fees, as well as any applicable subscription/redemption charges, received in connection with the Sub-Fund’s investment in the target collective investment scheme.
The Sub-Fund may also retain amounts in cash or cash equivalents, pending reinvestment, if this is considered appropriate to the objective of maximising absolute returns. Uninvested cash which has not been placed as margin may, subject to investment restrictions, be held on deposit in a bank account in the name of the Sub-Fund or invested in liquid instruments, including money market instruments, money market funds and other liquid listed or unlisted regulated collective investment schemes. When appropriate the Sub-Fund may also employ leverage through borrowing.