Aditum Structured Finance Fund
A risk mitigating global income solution investing in a diversified portfolio of private debt opportunities across the global supply chain with a focus on self-liquidating investments backed by real assets, transactionally secured and enhanced through risk mitigating credit techniques.
| Fund Information | |
|---|---|
Domicile | Cayman Islands |
Investment Manager | Aditum Investment Management Limited |
Fund Administrator | Apex Fund Services Ltd. |
Legal Advisors | Oryx Law (UK) / Walkers (Dubai) LLP |
Auditor | Grant Thornton Cayman Islands |
Custodian | Linear Investment Ltd. |
Document Custodian | Apex Fund Services (Cayman) Ltd. |
Fund Type | Alternative Investment Fund – Private Debt |
Structure | Open Ended |
Currency | USD |
Inception Date | 1 February 2020 |
NAV | 1,072.570 |
Benchmark | 1M USD LIBOR* |
Minimum Initial Subscription | US$100,000 |
Minimum Subsequent Subscription | US$10,000 |
Dealing Frequency | Monthly |
Redemption Notice | 30 Days |
Lock Up | None |
Distributions | Monthly |
To provide investors with attractive risk-adjusted returns with downside protection associated with investing in a diversified portfolio of private debt opportunities (including but not limited to trade finance, structured trade, export/import finance, supply chain finance, inventory finance, factoring, receivable finance, asset based finance, bridge finance, expansion finance and project based finance opportunities) that are expected to generate low volatility returns, that are not correlated to traditional fixed income and equity strategies, which if achieved, generally exceed other investments of similar duration.
Investment Strategy
The Investment Strategy is based on four beliefs:
Growing Asset Class
Since banks withdrew from lending over a decade ago, structured finance funding has grown significantly and gained attention from investors as most debt opportunities have strong downside protection, making it an appealing alternative strategy.
Fundamental to the Global Economy
Structured finance is essential to international economic growth and development, it helps boost international investment, creates jobs and capital inflows where a country has a comparative advantage and enables countries to earn foreign exchange.
Risk Mitigation
Historically low risk asset class with underlying assets transactionally secured and enhanced through risk mitigating credit techniques, such as insurance.
Investment Diversification
The Fund’s investments will consist primarily of loans, which act as a natural hedge to other traditional asset classes, and which are backed by real assets. Returns lack the volatility of other asset classes and the risk of default is reduced with credit and collateral.
David Fairclough
Chief Risk & Business Officer
David Fairclough leads the Risk Management function for Aditum, implementing the firm’s enterprise risk management framework and delivering independent investment risk management with the firm’s portfolio management teams. He began his career in business and corporate development roles at a Fortune 500 technology services firm, before spending three years as a management consultant delivering strategy and business improvement projects with private equity firms and multinational corporates. Before joining Aditum, he spent three years as Risk Manager at SHUAA Capital, covering all aspects of market, credit, and operational risk. Mr. Fairclough holds a BSc and MSc from Manchester Business School and is a CFA and FRM Charterholder.
Srividhya Raghavendran
Transaction Manager
Srividhya Raghavendran joined Aditum in July 2022 with over a decade of Credit and Trade Finance experience. Prior to joining Aditum, Ms. Raghavendran spent 3 years at Rasmala Investment Bank as Transaction Manager in their Trade Finance Team. Prior to this she spent 2 years at Rescom Mineral Trading FZE, a commodity trading house, as an assistant manager in charge of trade finance operations. Ms. Raghavendran started her career at Bank of Baroda Dubai operations in both Credit and their Trade Finance team where she spent 6 years and gained knowledge of Trade Finance products and its applications.
Ms Srividhya holds a B. Com degree from Bharathidasan University and holds a flagship course (JAIIB) from Indian Institute of Bankers.
Surendra Alexander
Trade Finance Analyst
Surendra Alexander joined Aditum Investment Management in 2022 bringing with him over 7 years of experience in Accounting & Finance specialising in Credit Control, Management reporting and Auditing. Prior to Joining Aditum, Mr. Alexander spent 3 years in Qatar as Credit Controller and Accounting specialist where he was responsible for AP, AR, Internal Audit and Management Reporting. He Started his career as Junior Accountant at Vships Ship Management company (India) in 2015 and got promoted to Fleet Accountant in 2017.
Mr. Alexander holds a Bachelor of Commerce in Accounting & Finance from Loyola College of Arts & Science, India.
| Fund Information | |
|---|---|
Domicile | Cayman Islands |
Investment Manager | Aditum Investment Management Limited |
Fund Administrator | Apex Fund Services Ltd. |
Legal Advisors | Oryx Law (UK) / Walkers (Dubai) LLP |
Auditor | Grant Thornton Cayman Islands |
Custodian | Union Bancaire Privée, UBP SA - Singapore Branch |
Document Custodian | Apex Fund Services (Cayman) Ltd. |
Fund Type | Alternative Investment Fund – Private Debt |
Structure | Open Ended |
Currency | USD |
Inception Date | 1 February 2020 |
Benchmark | 6M USD SOFR* |
Minimum Initial Subscription | US$100,000 |
Minimum Subsequent Subscription | US$10,000 |
Dealing Frequency | Monthly |
Redemption Notice | 30 Days |
Lock Up | None |
Distributions | Monthly |
To provide investors with attractive risk-adjusted returns with downside protection associated with investing in a diversified portfolio of private debt opportunities (including but not limited to trade finance, structured trade, export/import finance, supply chain finance, inventory finance, factoring, receivable finance, asset based finance, bridge finance, expansion finance and project based finance opportunities) that are expected to generate low volatility returns, that are not correlated to traditional fixed income and equity strategies, which if achieved, generally exceed other investments of similar duration.
Investment Strategy
The Investment Strategy is based on four beliefs:
Growing Asset Class
Since banks withdrew from lending over a decade ago, structured finance funding has grown significantly and gained attention from investors as most debt opportunities have strong downside protection, making it an appealing alternative strategy.
Fundamental to the Global Economy
Structured finance is essential to international economic growth and development, it helps boost international investment, creates jobs and capital inflows where a country has a comparative advantage and enables countries to earn foreign exchange.
Risk Mitigation
Historically low risk asset class with underlying assets transactionally secured and enhanced through risk mitigating credit techniques, such as insurance.
Investment Diversification
The Fund’s investments will consist primarily of loans, which act as a natural hedge to other traditional asset classes, and which are backed by real assets. Returns lack the volatility of other asset classes and the risk of default is reduced with credit and collateral.
Manoj Mahadev
Head of Investments
Manoj Mahadev joined Aditum in November 2020 and is a seasoned portfolio manager with over two decades of experience spanning global markets, Mr. Mahadev has held a number of senior positions during his career, recently Senior Dealer in the Treasury division of RAK Bank as well as Head of Marketable Securities at Arab Banking Corporation where he played a major role in the set-up of the DCM business. He also spent 8 years at Emirates NBD as Head of Trading.
Omer Chowdhry
Head of Fixed Income and Multi-Asset Strategies
Omer Chowdhry is an experienced portfolio manager with over 16 years of portfolio management and trading experience, with considerable expertise covering Global Fixed Income Markets and Equities. Prior to joining Aditum in April 2021, Mr. Chowdhry spent 5 years at Union National Bank as AVP and Manager in their Treasury and Investment Department. He also spent 5 years as Senior Equity Trader at T3 Trading Group, New York.
Mr. Chowdhry holds a BSc Mathematics from University of Michigan at Ann Arbor and MBA from Cornell University.
Mir Muntasir
PORTFOLIO MANAGER
Mir Muntasir joined Aditum in June 2023. Mr. Muntasir has been managing investments for almost 8 years within fixed income, private debt, and alternative credit investments.
Prior to joining Aditum, Mr. Muntasir worked with Emirates NBD Asset Management as an analyst in multi-asset and fixed income for 4 years and spent almost 2 years with Abu Dhabi Capital Group managing distressed credit and alternative credit investments. Mr. Muntasir managed the fixed income funds and private credit investments for Daman Investments for 18 months.
Mr. Muntasir holds a MSc. Finance from University of Stirling and a BA Economics & Finance from the University of Nottingham.
David Fairclough
Chief Risk & Business Officer
David Fairclough leads the Risk Management function for Aditum, implementing the firm’s enterprise risk management framework and delivering independent investment risk management with the firm’s portfolio management teams. He began his career in business and corporate development roles at a Fortune 500 technology services firm, before spending three years as a management consultant delivering strategy and business improvement projects with private equity firms and multinational corporates. Before joining Aditum, he spent three years as Risk Manager at SHUAA Capital, covering all aspects of market, credit, and operational risk. Mr. Fairclough holds a BSc and MSc from Manchester Business School and is a CFA and FRM Charterholder.
Srividhya Raghavendran
Transaction Manager
Srividhya Raghavendran joined Aditum in July 2022 with over a decade of Credit and Trade Finance experience. Prior to joining Aditum, Ms. Raghavendran spent 3 years at Rasmala Investment Bank as Transaction Manager in their Trade Finance Team. Prior to this she spent 2 years at Rescom Mineral Trading FZE, a commodity trading house, as an assistant manager in charge of trade finance operations. Ms. Raghavendran started her career at Bank of Baroda Dubai operations in both Credit and their Trade Finance team where she spent 6 years and gained knowledge of Trade Finance products and its applications.
Ms Srividhya holds a B. Com degree from Bharathidasan University and holds a flagship course (JAIIB) from Indian Institute of Bankers.
Surendra Alexander
Trade Finance Analyst
Surendra Alexander joined Aditum Investment Management in 2022 bringing with him over 7 years of experience in Accounting & Finance specialising in Credit Control, Management reporting and Auditing. Prior to Joining Aditum, Mr. Alexander spent 3 years in Qatar as Credit Controller and Accounting specialist where he was responsible for AP, AR, Internal Audit and Management Reporting. He Started his career as Junior Accountant at Vships Ship Management company (India) in 2015 and got promoted to Fleet Accountant in 2017.
Mr. Alexander holds a Bachelor of Commerce in Accounting & Finance from Loyola College of Arts & Science, India.
Disclaimer
This material is communicated by Aditum Investment Management Limited “Aditum”. This information has been provided in good faith and from sources believed to be reliable, but no guarantee is given as to its accuracy. The opinions expressed in this document are not intended to serve as investment advice or solicitation and should not be used in substitution for the exercise of own judgment. The information, including expression of opinion, has been obtained from or is based upon sources believed to be reliable, fair and not misleading. Any opinion or estimate contained in this material is subject to change without notice.
The information contained in this document does not constitute an investment advice, a recommendation or offer to buy or sell or subscribe to any specific investment and does not have any regard to the specific investment objectives, financial situation or the particular needs of any person and is provided for information purposes only. Potential investors are reminded to seek professional advice before investing. The tax legislation applying to the Fund’s relevant place of domicile may have an impact on the prospective investor’s personal tax position.
Investment involves risk and prospective investors should be aware that investment in the Fund carries a significant degree of risk. Risks involved in any asset class may include, but are not necessarily limited to, market risks, credit risks, currency risk, political risks, geographical and economic risks therefore investment as well as performance would be exposed to variations and the investment may increase or decrease in value. Certain investments may be speculative and considerably more volatile than other investments. Further, changes in applicable laws, regulations, or tax regimes could adversely affect the performance of the fund or its underlying investments.
This document may include figures relating to simulated past performance. Past performance, simulations and performance forecasts are not reliable indicators of future results and are not a guarantee of future returns, meaning investors may get back less than the amount originally invested.
As Aditum may from time to time invest in its managed funds, potential conflicts of interest may arise. They are addressed in a manner consistent with established policies and procedures to manage such conflicts, ensuing fair treatment of all investors.
As a general rule, potential investors should only invest in financial products that they are familiar with and understand the risks associated with them. Potential investors should carefully consider their investment experience, financial situation, investment objective, risk tolerance level prior to making the investment. The investment contains specific risks, including asset class where it might be difficult to realize an investment or to obtain information about performance. The investment risk may include the possible loss of the principal amount invested.
For a full outline on applicable fees, classes of shares please refer to Fund’s latest prospectus, supplement or term sheet accurate as at the date of issue. Further information about the UCITS and Aditum Global Access ICC Ltd Fund Platform (i.e., Prospectus/ Offering Memorandum, KIIDs, periodic reports) can be obtained in English (and in Arabic for the Fund Platform), free of charge at the following address: Dubai International Financial Centre, Gate District Precinct Building 3, Level 5, Unit 510, Dubai, United Arab Emirates and email address: info@aditumim.com. Potential investors must obtain and carefully read the most recent Fund’s KIID, Prospectus, Supplement, Term Sheet, as applicable, prior to making an investment and to assess the suitability, lawfulness and risks involved. Aditum Investment Management Limited will not be held liable for actions taken, or not taken, as a result of the publication of this document.
Dissemination of this information is strictly prohibited and the information is not for distribution for the general public and may not be published, circulated or distributed in whole or part to any person without written consent of Aditum Investment Management Limited and the content remains the property of Aditum Investment Management Limited, a company incorporated in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority. Data source: Aditum, Bloomberg, USD terms, income reinvested, bid to bid, periods as stated.