The Windmill Trend Evolution Fund offers investors direct access to a highly innovative and successful trading strategy that has delivered significant returns since its inception.
Into what does Windmill Trend Evolution invest?
Windmill Trend Evolution will invest in the AHL Evolution Programme1. AHL has been active as a trend following manager for over 25 years and with the AHL Evolution Programme1. AHL invests on a broad range of markets on which other trend following managers generally are not active. To invest in these non-traditional asset classes a significant research effort is required. Furthermore the operational complexity means that access is limited to asset managers with scale, in-depth knowledge and strong industry links and meticulous counterparty risk management.
The portfolio of the AHL Evolution Programme1 is diversified across a wide range of sectors globally and trades over 250 liquid markets through a variety of instruments which includes but is not limited to interest rate swaps, stocks, options, swaps on credit indices and power contracts. The most important differentiator is that investor sentiment in many of these markets is less influenced by the broader macro factors that have seen correlation rise across more traditional G7 markets and have resulted in the risk on/risk off environment evident in markets in recent years. As a result the AHL Evolution Programme1 generated strong returns over the past 4 years, during a period which was difficult for most trend following managers.
Long term sector allocations3 per 30 June 2017
Results of the underlying Fund
The AHL Evolution Programme1 contains all the compelling performance characteristics of a trend following manager: strong absolute returns, low correlation to traditional investments and it has demonstrated the ability to generate positive returns in both rising markets and periods of extreme market stress. Additionally the programme has a relatively low correlation to its peers. As such it potentially is an excellent addition to an investment portfolio, even if that portfolio already has an allocation to trend following managers.
Who should consider this Fund?
The Fund is intended for experienced investors who want to invest their money for a longer period (several years). The volatility of Windmill Trend Evolution Fund is comparable to the volatility of stock markets, however the correlation to stock markets is expected to be low. This volatility means that, certainly on the short-term, the value of your investment can be lower than your initial amount. The Fund has a monthly dealing, which you also have to take into consideration. A less frequent dealing period can lead to better returns but also means that you can monetize your investment not as fast. For all other risks we refer you to the chapter entitled Risk Factors in the prospectus.
|Minimum subscription||EUR 10,000 / USD 50.000|
|Dealing day||1st business day of the month|
|Notice period subscriptions/redemptions||10 business days before dealing day|
|Investment manager underlying fund||AHL Partners LLP|
|Underlying fund||Primarily AHL (Cayman) SPC Class A1 Evolution EUR Shares|
|Management fee Windmill Trend Evolution Fund||0.55% per annum|
|Management fee underlying fund||2% per annum|
|Performance fee underlying fund||20% p.a. above high water mark|
|Fund structure||Fund for joint account|
|Distribution policy||No distributions, only accumulating|
|ISIN code||NL0010730727 (EUR class) / NL0011635222 (USD class)|