SEVERAL MGI SELECTED FUNDS
Please let me know if you would like to learn more about any of the below highlighted anonymous funds.
Sharing within your network is also appreciated.
Manager 1 : Swaen Melis Fund (SMF)
Annual target return 10-15%
One fund of funds of 10 hedgefunds selected by Marcel Melis.
Generate a positive return in all environments.
SMF minimum investment $100k, underlying managers mostly have minimums of $1ml+.
Click for SMF FACTSHEET MARCH 2024
Underlying managers :
- AuM $100 ml+
- Reputable and very experienced managers
- Annualized returns of 10%+
- High Sharpe ratio
- Uncorrelated returns
- Max quarterly redemption liquidity
Below managers 2, 3, 4, 5, 6, 7, 8 and 9 are part of Swaen Melis Fund (SMF).
xAI opportunity
xAI, Elon Musk’s AI company, is planning to raise capital in the coming days. See x.ai and some news article links below. Let me know if you are interested in learning more and we can make a referral to a venture firm that is investing in the round with whom prospective investors may invest alongside.
Summary from xAI website: xAI is a new company working on building artificial intelligence to accelerate human scientific discovery. We are guided by our mission to advance our collective understanding of the universe.
News Articles
TechCrunch Article Techcrunch Article
Bloomberg Article: Bloomberg Article
### NEW ### Catastrophic Bond Program
An expected return 10% per annum, 31% over 36 months.
A & A+ credit rating of sponsor and Group Company
Excellent Diversification to protect principal and generate returns: 15 countries, 60 Insurance Companies, 200 policies (avg. 1-1.5% exposure in portfolio)
Senior Risk Exposure only: “Last one to pay”
ESG friendly
Minimum investment $125k.
### NEW ### Highlights about the new launch (Q2-2024) of an early stage Blockchain fund
- Unique early access to the best Blockchain Technology projects.
- Investing in the best 10-15 VC Blockchain managers globally.
- Global portfolio of 300-400 early private stage investments.
- Investee Funds look for 100x returns for the 300-400 early stage investments.
- Getting in at the earliest, private seed rounds creates exceptional asymmetry in outcomes.
- 40% is called day 1, within 12-18 months 100% should be called.
- Term 10 years (average underlying structure is 6-8 years).
- First payments/distributions expected in about 3-4 years.
Fund performances estimates through 29 Feb 2024:
Vintage 2018-2020, 12.50x, distributed 5.1x
Vintage Feb-21, 2.10x
Vintage Nov-21, 1.20x
Vintage July-22, 1.50x
Vintage Q2-2024, $300ml Aum target.
Manager 2 : Life Settlement Fund (AuM about $724ml)
Annualized return 14.00% (since February 2014).
Last 1 year +8.60%, last 2 years 21.90% and last 3 years 32.20%.
For a small video click HERE.
Low drawdown 2.4%.
Average monthly return 1.1%.
Positive months 96.7%.
Insurance Backed Assets : Insurance liabilities rank above an insurance company’s commitments to equity and bond holders.
The fund’s investment strategy is to achieve long term capital growth through the acquisition and trading of US life insurance policies, commonly known as Life Settlements, which are issued by US life insurance companies. The manager has over 25 years’ experience managing in secondary insurance markets.
Quarterly redemptions with 90 days’ notice.
Minimum investment $125k.
Manager 3 : Liquid Private Equity Secondary’s fund (AuM $710ml)
Annualized return 16.39%, while the MSCI world index gained 11.22% (net of fees since Aug 2019).
The offer quarterly subscription, the next subscription dealing day is April 1.
For a small video click HERE.
Drawdown 3.1%.
Purchase of assets at a discount to NAV.
Invested across 200+ funds and 1500+ companies.
Portfolio of mature fund interests (typically 3-8 years old & substantially funded).
85%+ of the portfolio is in secondary’s with <$ 100ml deal sizes – space ignored by larger funds.
Extremely low default rate remains at 0.7%, which is also the lowest amongst their peers.
Quarterly redemptions (subject to a one year lock-up period).
Minimum investment $125k.
Not for US investors.
Manager 4 : Long/short Energy (AuM $740ml+)
Fund 1
Annualized return 15.60%, Sharpe Ratio: 1.3 (net returns since July 19).
2024 +6.00% (through 12 April 24), 2023 +3.70%, 2022 +11.20%, 2021 +19%, 2020 +33.80%, July – Dec 2019 +6.60% (all net returns).
Low net exposure strategy focused on the battery theme/energy transition (or “new energy” parts of the markets) which includes companies across the value chain (battery manufacturing, intermediaries, raw materials, end markets, and renewables).
Also available in UCITS fund.
Monthly redemptions with 30 days’ notice.
Minimum investment $1ml, for MGI clients $100k.
Fund 2
Annualized return 48.70%, Sharpe Ratio: 1.40 (net returns since Jan 19).
2024 +12.60% (through 12 April 24), 2023 -3.60%, 2022 +46.10%, 2021 +107.20%, 2020 +81.90%%, 2019 +39.50% (all net returns).
Energy-related focused on long and short opportunities within energy companies and energy-related derivatives.
Monthly redemptions with 30 days’ notice.
Minimum investment $1ml, for MGI clients $100k.
Fund 3
Annualized return 30.02%, Sharpe Ratio: 1.00 (net returns since Nov 19).
2024 +8.00% (through 12 April 24), 2023 +4.90%, 2022 +12.90% (through Dec 22), 2021 +83.1%, 2020 +21.7%%, Nov and Dec 2019 +19.80% (all net returns).
A long/short directional hedge fund focusing on the resources sector.
The portfolio is invested primarily in single stocks, bonds and commodities across the resources sub-sectors: energy, metals & mining.
Monthly redemptions with 30 days’ notice.
Minimum investment $1ml, for MGI clients $100k.
Manager 5 : Long Short spread trading in S&P 500 options (AuM $735ml)
Annualized returns 16.52% (net returns since May 2016).
2024 +2.96% (through March), 2023 +16.51%, 2022 +12.53%, 2021 +15.62%, 2020 +17.28%, 2019 +18.31%, 2018 +10.68%, 2017 +24.03%, 2016 +12.86% (8 months) (all net returns).
Take advantage of the systemic mispricing of options whereby the seller is paid a premium (implied volatility) over the historical volatility of the underlying asset.
Invests in both long and short S&P 500 options.
Buys protection both above and below where it sells premium.
Dollar cost average into volatility with a dynamic approach to exposure.
The majority of premium reinvestment purchases the layer which provides a large tail hedge within the portfolio to ensure the portfolio is always net unleveraged at any expiration in time.
Quarterly redemptions with 45 days’ notice.
Minimum investment $1ml.
Manager 6 : Equity US (AuM about $576ml)
Fund 1 : Levered Equity market neutral US small caps (US onshore, off shore fund and SMA) :
Annualized return 20.10% (last 3 years) and annual return 16.00% (last 5 years).
2024 +2.20% (through March), 2023 +17.65%, 2022 +23.85, 2021 +22.94%, 2020 +7.83%, 2019 +9.82%, 2018 -3.39%, 2017 +3.63%, 2016 +5.40%, 2015 +3.82% (all net returns since March 2015).
Monthly redemptions with 30 days’ notice.
Minimum investments $100k.
Fund 2 : Concentrated Long/Short strategy – U.S. small and mid-cap equities (Company AuM 363 ml (only US onshore fund and SMA) :
Annualized return 18.60% (last 3 years) and Annualized return 24.20% (last 5 years).
2024 +7.65% (through March), 2023 +4.29%, 2022 +18.08%, 2021 +63.50%, 2020 +7.92%, 2019 +38.56%, 2018 -1.96%, 2017 +4.75% (4 months) (all net returns).
Monthly redemptions with 30 days’ notice.
Minimum investments $100k.
Manager 7 : Fixed income manager (Company AuM about 1.2bn+)
Annualized return 13.90% (net returns since July 2003).
This fund has a 20 years track record and is closed for new subscriptions. Below fund 2 is the same and open for subscriptions.
2024 +6.68% (Through March), 2023 +22.01%, 2022 -10.89%, 2021 -0.62%, 2020 +16.15%, 2019 +8.23%, 2018 +1.33%, 2017 +11.72%, 2016 +18.14%, 2015 +9.06%, 2014 +10.39%, 2013 +16.00% ,2012 +34.12%, 2011 +25.31%, 2010 +20.63%, 2009 +57.40%, 2008 -3.98% (all net of fees).
The investment strategy focuses on relative value fixed income investment opportunities in European fixed income markets with a Scandinavian bias.
The fund trades and invests long and short in government, mortgage, covered and index-linked bonds with a minimum credit rating of Aa3 or equivalent and both listed and OTC fixed income derivatives.
Monthly redemptions.
Minimum investments EURO/$100k.
Manager 8 : Low Net Market Neutral Equity Energy (1bn+)
Annualized return 13.50%, Sharpe Ratio: 1.1 (net returns since Jan 2004).
2024 +0.79% (through March 24), 2023 +11.71%, 2022 +17.40%, 2021 +22.07%, 2020 +27.52% (all net returns).
The energy transition will provide an enduring source of alpha opportunity over the next decade.
Opportunity is provided by cyclical and political disruptions inherent in energy, plus the secular disruption resulting from the ongoing energy transition.
Quarterly redemptions with 45-days’ notice.
Minimum investment $1ml.
Manager 9 : Low Net L/S Equity US small and midcap (AuM about $900 ml)
Annualized Return 11.80%, average low net exposure 8.4% (net returns since Nov 2008).
2024 +5.90% (through April), 2023 +14.80%, 2022 +42.80%, 2021 +21.60%, 2020 +21.40%, 2019 +22.7%, 2018 -8.70%, 2017 -5.00%, 2016 +5.10%, 2015 +8.10% (net returns since Nov 2008).
Low correlation and low beta to Russell 2000.
Monthly redemptions.
Minimum investment $2ml, for MGI clients $500k.
Manager 10 : Several crypto and blockchain opportunities. Unique early access to best Blockchain Technology projects. Focus on (pre-) seed-stage investments. Investee Funds look for 100x returns. Getting in at the earliest, private seed rounds creates exceptional asymmetry in outcomes.
Minimum investment $250k.
Manager 11 : Diversified GP stakes (AuM 2.4bn)
Annualized Return 21.47% and Sharpe ratio 1.55 (net returns since Jan 16).
2023 +5.54% (Through Q3-23), 2022 +21.68%, 2021 +59.99%, 2020 +34.13%, 2019 +13.48%, 2018 +18.27% , 2017 +2.93%, 2016 +18.56% (all net returns).
Max drawdown -2.18%
A portfolio of minority equity stakes in 50+ distinct private market managers like CVC and Cerberus.
A track record of >$2bn invested over the last 6+ years.
Return delivered to investors in quarterly distributions on a target cash yield of 8-10% and as accrual of circa 15% p.a. (which are reinvested)
Lux RAIF, quarterly subscription and redemptions (post the expiry of a 3 year lock up).
Minimum investment $500k.
Not for US investors.
Manager 12 : Global Consumer Loans (AuM 478ml)
Annualized Return 11.38% (net returns since Aug 19).
2024 0.90% (Through Jan 24), 2023 +10.09%, 2022 +11.80%, 2021 +10.06%, 2020 +10.20%, 2019 +4.37% (5 months) (all net returns).
Average duration < 24 months.
950k+ positions.
Managed by a digital lending specialist.
Lux Fund, US Onshore feeder possible, quarterly liquidity.
Minimum investment $500k.
Not for US investors.
Manager 13 : Commodity Manager (AuM 328ml)
Fund 1 Commodity Master Fund
Annualized return +13.19% (net since Oct 2015).
2024 -6.10% (through March 24), 2023 -9.80%, 2022 +30.60%, 2021 +147.70%, 2021 -4.30%, 2019 -50.60%, 2018 +53.60%, 2017 +14.1%, 2016 +26.60%, 2015 +19.70%, 2014 +13.1%, 2013 +18.8%, 2012 +4.9% (net returns).
Commodity fund focused in European power and gas, international coal and emissions.
Fundamental views expressed through directional and relative value trading.
100% cleared futures, swaps & options on commodity related instruments, including FX.
Fund 2 Environmental Master Fund
Annualized return +16.55% (net since April 2021).
2024 -0.60% (through March 24), 2023 +4.80%, 2022 +5.20%, 2021 +49.00% (net returns since April 21).
The Fund invests in futures and other instruments focused on environmental markets.
Only trades listed cleared instruments.
The Fund expects to have an inherent bias to the long side to align with investors’ environmental interests.
The manager has been trading carbon emissions for many years within its Commodity Master Fund strategy and our CIO has traded EU ETS certificates since its market was created.
