What Is FMAE?
The Fund invests primarily in long and short positions of companies anywhere in the world. The Fund can invest in these securities either directly or indirectly through investments in underlying funds. These underlying funds are alternative mutual funds. The Fund may use leverage through the use of short selling of up to 100% of its net asset value and by investing in derivatives. The gross exposure of the Fund or underlying funds, calculated as the sum of the following, must not exceed 300% of its net asset value: (i) the aggregate market value of securities sold short; (ii) the value of indebtedness under any borrowing arrangements for investment purposes; and (iii) the aggregate notional value of the Fund’s derivatives positions excluding any derivatives used for hedging purposes.
Set it, forget it, let compounding do the heavy lifting. 💪