Advance Opportunities Fund I is a hedge fund with an active trading strategy in convertible notes.
Fund Facts
Fund Type: Debt and equity fund
Fund Currency: USD, SGD
Fund Size: USD 5,796,049.65
Performance since inception: SGD 107.80% | USD 113.10%
Sharpe Ratio: 1.52
Inception Date: Sep 2016
Fund Investor Type: Accredited Investors, Institutional Investors
*Accurate as of Feb 2021
Why Does the Redeemable Convertible Notes (RCN) Programme Work?
Inherent Gap in Equity Capital Raising for Listed Companies
- Stock Markets are not efficient for smaller or illiquid listed companies
- Banks cannot place these stocks, or may be too small (or too large)
- Liquidity may cause problems if placed too quickly or too large (eg toxic CBs)
RCNs Value Proposition to Smaller Listed Companies
- Ability to do placements in a time-managed manner
- Ability to increase free float of shares, increasing liquidity
- Listed companies can plan their businesses according to the expected rate of placements
AOFI Value Creation
for Investors
- Inherent Investment Bank capabilities + Trading Strategies (VWAP, Algo)
- Velocity of Shares Traded creates multiplier effect on returns
- Reducing Value at Risk per exposure at all times (eg toxic CBs)
KEY COMPONENTS OF RCN PROGRAMME
Starts with a listed company’s need for new capital for growth
FUND'S ASSET ALLOCATION
Allocation by region and industry
PERFORMANCE DATA OF THE FUND
Fund Performance Graph of Class D in SGD
(since fund inception)
Advance
Opportunities
Fund I
FUND MANAGER
ZICO Asset Management Private Limited
FUND DOMICILE
Cayman Islands
FUND ADMINISTRATOR
ASCENT Fund Services (Singapore) Pte. Ltd.
CUSTODIAN
CGS-CIMB Securities (Singapore) Pte Ltd
LEGAL ADVISORS
ZICO Insights Law LLC (Singapore law) & Conyers Dill & Pearman Pte Ltd (Cayman Islands law)
AUDITOR/TAX ADVISOR
Squar Milner (Cayman) Ltd
