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What is the Fund's investment strategy?
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Through a set time period of 8.75 years and capital protection, The Fund offers investors the opportunity to gain a leveraged exposure to a diversified international portfolio of absolute return funds (the RILF Portfolio). Investors will also have capital protection at maturity by purchasing a Put Option from UBS Australia. The Fund will provide investors at inception approximately two times exposure to the performance of the RILF Portfolio.
The RILF Portfolio seeks to preserve capital and generate positive returns over the long term and in all market conditions by investing in 20-30 hedge funds. Tiedemann Trust Company has been appointed under a long term agreement to advise on the selection of managers and portfolio construction. Rubicon Asset Management is the responsible entity for the Fund.
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Who is the Investment Adviser?
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Tiedemann Trust Company was founded in 1999 to provide customised wealth management solutions. It has assets under advice of approximately US$3.2 billion, primarily on behalf of high net worth individuals, families, endowments and foundations. The Investment Adviser is part of the Tiedemann Investment Group, which has over 25 years experience in managing absolute return funds and currently manages US$2.4 billion in ten distinct investment strategies.
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Update letters to Investors
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Update letters have been sent to all Unit holders date 15 August 2008 and 14 November 2008.
These letters set out significant issues currently facing the Fund, unit holders are urged to read these letters and call the Rubicon Investor Centre on 612 9302 2100 if they have any queries.
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| How has the Fund performed?
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Please refer to the most recent monthly performance summary for the performance of the fund.
Please note a significant portion of the Fund is held with underlying managers that, as reported previously, have frozen redemptions in light of the continuing volatility in global markets.
As a result of the continued issues impacting the Fund, as set out above and in previous update letters, redemptions from the Fund will be frozen until further notice. Once we are able to obtain greater visibility on the potential liquidity and pricing from the remaining managers noted above, this position will be reassessed. We do not anticipate that final net asset values or unit pricing details will be available and reported to unit holders until then.
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What are the key dates for the Offer?
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Offer opened
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25 May 2006
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Offer closes
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14 June 2006
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Drawdown of loan
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23 June 2006
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Interest payments
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23 June either annually in advance or annually in arrears
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Maturity date
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31 March 2015
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Is it 100% capital protected?
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Rubicon has arranged for UBS to make Put Options available to unit holders with respect to their units in the Fund. The purpose of the Put Option is to protect unit holders at the Maturity Date of the Series against a fall in their investment in the Fund.
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What finance is available?
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Rubicon has arranged that approved investors are provided an opportunity to utilise a loan facility for 100% of the application amount.
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What documents are available available?
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