we are getting closer to launching our fund analysis library and the format will be the same as the Apollo live. Suggestions are very welcome as to how you would like to see it improved.

We went to a presentation of those results by Dominic O’Kane, who conducted this analysis and thought it would be interesting and hopefully useful to share them with you.

EDHEC_CDS_V5

please find the April updates under the new format we announced in March. feel free to contact us if you would like to discuss our investment methodology.

the main aspects to remember are the investment constraints:

- low risk (as measured by drawdown and downside volatility)

- low correlation to traditional asset classes

- weekly liquidity

- low operational/fraud risk; style drift monitoring (hence the focus on managed accounts platforms)

Apollo_Factsheet_April_2012

Apollo Live

- the introduction of new managers on the  managed accounts platforms that constitute our universe

- the withdrawal of some managers.

this has led us to change the composition of the Relative Value and Global Macro investment pillars.

To facilitate your monitoring  of this portfolio we have decided to publish two different documents:

- the “Factsheet” which represents the backfilled risk and return profile of the current portfolio as it is currently invested (the usual document)

- the “Apollo Live” document which analyses the risk and return profile of  Apollo liquidity as a live portfolio, giving the historical risk and return profile of the portfolio through time.

Apollo_Factsheet_March_2012

Apollo Live