- NAV - A
- 07/31/2023
- 41.9169
- NAV - B
- 07/31/2023
- 41.3909
Strategy
The fund is focused on the Lebanese debt markets and invests mostly in Lebanese Republic Eurobonds but also benefits from BDL Certificates of Deposit, T-Bills in LBP, notes in both USD and local currency and debt instruments issued by local financial institutions.
The fund will be managed based on a prudent investment approach. It will be a non-diversified fund, focusing on fixed income instruments issued by Lebanese entities and the bulk of holdings will be sovereign bonds.
The fund will benefit from the high carry environment that Lebanon enjoys. The manager will seek to enhance total return through active trading of mispriced securities, new issue premiums, technical momentum and other pricing anomalies.
Up to 100% of the Net Asset Value (NAV) can be invested in fixed income instruments with no constraints regarding their rating (investment grade or not), some securities may also not be rated The fund will allow a maximum allocation of 15% of the Net Asset Value to LBP denominated securities. The fund may also hold cash or cash equivalent through Local Bank Deposits.
- Investment Style:
- Absolute Total Return
-
- Geographic Focus:
- Lebanon
-
- Inception Date:
- June 2016
-
- Legal Structure:
- Offshore-Cayman
-
- Dividend:
- 50% of net profits paid semi-annually
-
- Administrator/Custodian:
- Midclear SAL
-
- Investment Manager:
- Banque Libano-Française SAL
-
- Administrator/Custodian:
- Midclear SAL
-
- Investment Manager:
- Banque Libano-Française SAL
-
- Portfolio Manager:
- Team Managed
- Legal Advisors:
- Abousleiman & Partners
- Minimum Piece:
- USD 200,000
- USD 10,000
- Incremental:
- USD 10,000
- USD 5,000
- Minimum Holding:
- USD 200,000
- USD 10,000
- Management Fees:
- 1%
- 1.25%
- Subscription Fees:
- 0.5%
- 0.5%
- Exit Fees
- 0.5% in year 1
1% in year 1
- 0.25% in year 2
0.5% in year 2
- Performance Fees:
- 15%
- 15%
Contact
Your Private Banker, tel:
+961 1 364 850
E-mail:
lffunds@eblf.com.
