Key Facts

Statistics	Carrousel Fund
Average Annual Return	9.59%
Average Monthly Return	0.82%
Volatility	10.35%
Max Drawdown	-10.01%
Sharpe Ratio (RFR 1M USD LIBOR)	1.17
Positive Months	71%
Best Month	6.09%
Worst Month	-6.01%

Other Key Fund Information:

Bloomberg Ticker: CARFNDH KY (Class 1)
ISIN: KYG192586421
CUSIP: G19258642
Management Fee: 1.5%
Performance Fee over LIBOR: 20%
Redemptions: Quarterly redemption with 90 days notice (No Lock Up)
Domicile: Cayman Islands
Investment manager: Carrousel Capital Ltd
Administrator: HSBC Securities Services (Ireland) Ltd
Prime Brokers: J.P. Morgan, Citigroup
Auditor: Deloitte & Touche
Legal Advisor: Dechert LLP

Past performance is not a guarantee of future performance.

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.