OUR FUNDS We manage the Xanthus Germany Fund Limited and the Xanthus European Fund Limited. We regard our funds as a "third generation" hedge fund products, differentiated from their peers and predecessors by their smaller size, sharply focussed investment objectives, a strong bias for liquidity, robust risk management protocols and clearly delineated and rigorously enforced investment restrictions.
A description of the funds' investment programmes is as follows:
Investment objectives. To achieve capital appreciation by taking long and short positions principally in mid to large cap equities, whilst seeking to deliver absolute returns over the long term.
Investment approach. A flexible investment approach, coupled with clearly delineated and rigorously enforced investment restrictions, is considered by us to be paramount as no one rigid style of investment can accommodate all stages of the economic and business cycle. The investment approach takes account of and is responsive to anticipated changes in economic and market conditions. We blend top down and bottom up analysis and are prepared to hold long or short positions in both value and growth oriented companies as appropriate in order to generate consistent returns. Further information on our investment approach may be viewed here
Geographical scope. The XEF will pursue investments in equity securities of issuers chartered and headquartered in western Europe and listed on a senior western European stock exchange, whilst the XGF will pursue investments in equity securities of issuers chartered and headquartered in Germany, Switzerland, Austria or Liechtenstein and listed on a senior stock exchange in those countries.
Portfolio liquidity. Our funds are managed with a strong liquidity bias and will invest primarily in mid to large cap equities, related debt securities, ETFs and derivatives. We ensure that at all times our funds' portfolios can be liquidated in a maximum of three trading days. The XGF will not invest in equities of issuers with a market capitalisation of less than €400 million, while the XEF will not invest in equities of issues with a market capitalisation of less than €1.5 billion.
Smaller size. The XGF intends to close its portfolio to new investment after its aggregate net asset value exceeds €200 million. The XEF's portfolio capacity is presently capped at €300 million.
Transparency. Both the XGF and the XEF will make portfolio position information available to shareholders upon request.
