Fund Name

BCAP Market Neutral Hedge Fund Not for Retail Investors (BCAP-MNH UI)

Risk Level

level 8+ (Significantly High Risk)

Fund Type

• Mixed Fund
• Fund of Funds
• Cross Investing Fund
• Exposed to Foreign Investment Risk
• Group Fund: Miscellaneous

Liquidity issues or transfer restrictions

• The fund has limited liquidity due to the fact that its subscription and redemption of investment units are on a monthly basis and therefore, investors must notify the Management Company in advance. Investors are advised to carefully study the announcement of the trading days specified by the Management Company before deciding to invest.
• The Destination Fund may have limitations on redemption. Therefore, investors may not receive investment units or money from redemption or from the switching of investment units within the specified period.
• Unitholders cannot transfer investment units of this fund to investors other than “institutional and ultra-high net worth investors” except by inheritance and/or other special circumstances unless the Management Company deems it appropriate and approves the transfer.

Significant risks or complexities

The Destination Fund may have financial transactions on derivatives such as Futures, Credit Default Swap, or Total Return Swap, and may also short sell to create exposure for the fund instead of the underlying securities trading directly which may result in a loss. The price of the underlying securities may move against the expected direction and, in some cases, investing in small amounts of derivatives may cause the fund to have a higher investment position than the amount invested (Leverage). For this reason, the fund has a chance to gain or lose from derivative transactions as well.

Investment Policy

• The Fund has a policy to focus on investing in investment units of offshore funds that are equity funds, fixed income funds, balanced funds, alternative investment funds and/or other types of funds that are established or issued by securities issuers around the world including securities of REITs and/or investment units of offshore infrastructure funds and/or ETF units and/or private equity units as well as other securities or one or more methods of generating income as stipulated or approved by the Office of the SEC.
• In managing the Fund, the fund managers will mainly allocate investments in various securities in order to generate a return that has a low correlation with the direction of the market in the long term. The Fund may invest in high risk or complex offshore funds that invest in Derivatives as a tool for creating complex investment strategies and/or as leverage.
• The Fund may invest in Derivatives for efficient portfolio management and for hedging purposes. Moreover, it may invest in Structure Notes depending on the discretion of the fund managers not more than 100% of the Fund’s NAV and/or enter into borrowing transactions and/or Repo for investment purposes totaling not more than 50% of the Fund’s NAV. However, the Fund may not short sell and may not invest directly in private equities.
• The Fund may invest in the investment units of other funds under the management of the Management Company not more than 100% of the Fund’s NAV.
• The Fund’s investment strategy aims for its performance to track with the Destination Fund in which the Destination Fund aims to generate a return that has a low correlation or with the direction of the market in the long term.

Dividend Payment Policy

No dividend

Subscription and Redemption of Investment Units

Management Company

BBL Asset Management Company Limited

Trustee

Bank of Ayudhya Public Company Limited

Registrar

Bangkok Bank Public Company Limited