Orion Fund of Hedge Funds

Alternative investments

Fund details

  • Management fee:
    1%
  • Performance fee:
    20% of value gains, over 5% annually, using HWM
  • Distribution fee:
    up to 3%
  • Redemption fee:
    Not applied
Type:
Open-end investment fund for informed investors
Strategy:
Investments in Hedge Funds
Minimum investment:
30 000 EUR
Fund duration:
Unlimited
Subscriptions:
Monthly
Redemptions:
Quarterly
Fund established:
2016 10 17
Fund currency:
EUR

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Period from to

  • Since inception
  • YTD
  • 1 mo.
  • 3 mo.

Fund returns

Unit price YTD 1 mo. 3 mo. 6 mo. 1 year Since inception
Fondo vieneto vertė — A klasė103.3837 EUR3.38%1.04%0.70%2.25%3.38%
Share fund details:

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The first fund in Lithuania is investing only in hedge funds.

The purpose of the Fund is to achieve a high positive long-term return on investment, the fluctuations of which will have low correlation with other asset classes.

The Fund’s portfolio will consist of 5-15 alternative funds, which will vary according to their strategies, and their fluctuations will be slightly correlated with stock indices and with each other. In this way, Fund seeks to maximize risk diversification.

News

Manager

Purchase of the Fund’s units

Submit a set-form application for purchase of the Fund’s investment units approved by the Management Company. The purchase application must include the amount of money which you intend buying the Fund’s investment units for. You shall sign a contract for purchasing the Fund’s investment units with the Fund’s Management Company when purchasing the investment units. You shall transfer the money for the Fund’s investment units being purchased to the Fun’s account indicated in the application for purchase of the Fund’s investment units. E-mail address: oam@orion.lt If you submitted the application for purchase of the Fund’s investment units and transferred the sum of money specified in the application to the Fund’s account by 06:00 p.m. Lithuanian time (on day X), you will be purchasing the Fund’s investment units by paying sale price of the Fund’s investment units applicable on day X. If the sum of money specified in the application is credited in the Fund’s account after 06:00 p.m. Lithuanian time (on day X), you shall be purchasing the Fund’s investment units by paying for them the sale price of the Fund’s investment units as on day X+1. You may pay for the investment units, including commission for distribution, only in the Fund’s distribution currency; in case you transfer another currency, the conversion fees shall be paid by you. The distribution price of the Fund’s investment units equals the value of the Fund’s investment unit plus distribution costs. The Fund’s NAV, value of the Fund’s investment units, and the sale price shall be calculated on each business day and they shall be published on all sites used for distribution of the investment units and on the Fund’s website at www.am.orion.lt no later than by 12 o’clock on the next business day.

Buyout of the Fund’s units

You may require for buying out of the Fund’s units in accordance with the procedure established in the Regulations (the terms for buying out have been specified in information on the detailed fund (insert a link to the detailed information)). The investment units shall be bought out upon submission of an application for buying out the investment units on all sites of distribution thereof during business hours. Submit a set-form application for buyout of the Fund’s investment units approved by the Management Company when buying out the investment units by specifying the number of the Fund’s investment units in the application for buyout that the Fund should buy out from the investor. If you submit the application for buyout of the Fund’s investment units by 06:00 p.m. Lithuanian time (on day X), the Fund will buyout the investment units by paying the buyout price of the Fund’s investment units applicable on day X. If you submit the application for buyout of the Fund’s investment units after 06:00 p.m. Lithuanian time (on day X), the Fund will buyout the investment units by paying for them the buyout price of the Fund’s investment units as on day X+1. Payments for the bought out investment units shall be made no later than within 7 days from making the buyout transaction. The buyout price of the Fund’s investment units shall be published on all sites used for distribution of the investment units and on the Fund’s website at www.am.orion.lt no later than by 12 o’clock on the next business day.