Enterprise Total Return Fund
2005-2006 ETRF Annual Accounts [download, 1.84Mb]- 2005-2006 ETRF Annual Accounts
What is the Enterprise Total Return Fund?
The Enterprise Total Return Fund is a fund that offers you exposure to alternate investments, principally hedge funds. It is a fund of funds, meaning that the Enterprise Fund invests in several underlying funds.
The Enterprise Total Return Fund is managed by Fundhost Ltd, a public company that has been established to act as a responsible entity and provide essential services to managed investment schemes such as the Enterprise Total Return Fund.
The fund is geared: for every dollar that you invest, the fund borrows a dollar and invests that too. This increases the performance , it also increases the magnitude of potential losses too, of course.
What's a hedge fund?
Hedge funds attempt to make a positive return regardless of market conditions; this is what sets them apart. This is often referred to as being focused on achieving absolute returns.
What does the Enterprise Total Return Fund invest in?
The Enterprise Total Return Fund invests in other funds which specialise in a range of hedge style investments. The initial investment is in the BT Total Return Fund which is a multi-manager hedge fund with a diversified portfolio of hedge fund managers and strategies. This fund of hedge funds is managed by BT Financial Services Group and focuses on Australian domiciled managers.
Who are these Australian Managers?
The managers that underlie the BT Total Return Fund are:
- AXA Rosenberg
- Eclectic Capital Management Pty Ltd
- Monterrey Investment Management Limited
- K2 Asset Management Pty Ltd
- Fortitude Capital Pty Limited
- Basis Capital Pty Limited.
- St Helens Capital Pty Ltd
- Barclays Global Investors Australia Limited
- Affinity
The managers may change at anytime without notice to the investors.