| The Argo Funds | ||
Argo Group
"Argo's funds are designed to deliver low volatility absolute returns with lower correlation to wider global markets"
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THE ARGO FUND LIMITED
The Argo Fund Limited (“TAF”) was launched in October 2000 and the shares of which are listed on the Irish Stock Exchange. TAF’s investment objective is to achieve above average returns on a risk-adjusted basis by actively trading and investing in securities and other commercial instruments of developing markets. It invests in sovereign and corporate debt, both in hard and local currencies on a long/short basis. Opportunistically it can invest in project, trade and commodity finance related transactions with the aim of capitalising on growing trade flows and infrastructure renewal in global emerging markets. Additionally, TAF invests in distressed or impaired securities of emerging market sovereign and corporate borrowers and takes both a passive and proactive stance on restructuring these assets. TAF also invests in secured and unsecured debt of borrowers in emerging markets through Eurobonds, credit-linked notes or other debt products. In 2004, TAF was voted by “Hedge Funds Review” as the “Best Performing Single Manager Fund” on a “Risk Adjusted Basis” over three years. In June 2008, the fund was short-listed by “Hedge Funds Review” for “Best Fixed Income Hedge Fund on a Risk Adjusted Basis”. ARGO GLOBAL SPECIAL SITUATIONS FUND SP Argo Global Special Situations Fund SP (“AGSSF”) was launched in August 2004. AGSSF’s investment objective is to achieve absolute returns by dealing in distressed securities and/ or taking advantage of special situations through a wide range of instruments including bonds, loans, equities, convertible debt and equity, structured products and derivatives. AGSSF has been short-listed by the “Eurohedge Awards” over the last two years in the high yield and distressed categories. In 2008, it was voted “Best Single Manager in Emerging Markets” by Hedge Fund Manager Week and short-listed by Hedge Funds Review for “Best Event Driven Hedge Fund on a Risk Adjusted Basis”. ARGO CAPITAL PARTNERS FUND LIMITED The Argo Capital Partners Fund Limited (“ACPF”) is a closed-end exempted company incorporated in 2006 with limited liability in the Cayman Islands. ACPF aims to capture special situations where a two to three year investment horizon is required. The fund’s policy is to manage a portfolio of global instruments carrying equity risk and returns, including ordinary and preference stock, stock options, mezzanine loans with warrants, pay-in-kind notes and convertible debt, and shareholder loans. The fund’s investment approach is to exploit sector-specific themes through private equity-style engagement and to acquire controlling or minority stakes, with enhanced voting protections, in companies. ACPF has completed its investment programme and is closed to new subscriptions. ARGO REAL ESTATE OPPORTUNITIES FUND LIMITED Argo Real Estate Opportunities Fund (“AREOF”) Limited is quoted on AIM and raised €100 million in August 2006 and has since substantially committed the proceeds to property investments in Romania, Ukraine and Moldova. AREOF’s investment objective is to provide investors with a high level of risk adjusted total returns derived principally from rental income growth and capital appreciation generated from the acquisition, development and active asset management of its property investments in its target markets. The fund aims to allow investors to benefit from the uplift in value between a development project and a completed and income producing investment property, without incurring the full level of traditional developmental letting risk. For further information on AREOF please visit the the company website www.argocapitalproperty.com ARGO DISTRESSED CREDIT FUND The Argo Distressed Credit Fund (“ADCF”) was launched in October 2008 - as the Argo Multi Strategy Fund - to take advantage of the dislocation in credit markets. It focuses on building a diversified, bottom-up portfolio in stressed/distressed assets utilising a combination of long and where appropriate, short positions. It will invest directionally in emerging market bonds (corporate & sovereigns) trading at levels that do not reflect their fundamentals. ADCF is targeting high risk-adjusted absolute returns using little or no leverage. |