Transparency

Investors benefit from regular reporting:
Weekly
- Un-audited NAV
Monthly
- End of month estimate shortly after month end
- Administrator NAV
- Declared positions of large stakes in closed-end funds
- Geographical allocation
- Percentage of positions having fixed exits or wind-up votes with yield to maturity
- Average discount of remaining positions
- Global exposure to asset classes
- Full portfolio, subject to signing of a Non-Disclosure Agreement

Products

A Discretionary, Event Driven, Market Neutral Investor

The Carrousel Fund specialises in taking medium to long term hedged positions in Closed End Funds across the globe.

Closed End Funds have a fixed number of shares, different from mutual fund, and unlike open ended funds, shares are not redeemable. But like open ended funds, NAVs are calculated and published.