Vantage Point Asset Management Pte. Ltd. was established in 2017 by Nick Ferres and Paul Thomas, holds a Capital Markets Service License (“CMS”) and is regulated by the Monetary Authority of Singapore (“MAS”). Aura Group took a strategic ownership stake in Vantage Point Asset Management in April 2018.
Vantage Point’s approach to portfolio management is behavioural in nature, and not dependent upon an information edge.
As a result, Vantage Point deliberately avoids making predictions or forecasts. The core components of the investment strategy allocate across geographies and asset classes as risk premia expands or contracts. Specifically, Vantage Point seeks to take on expanded risk premium when price has shifted rapidly, and is inconsistent with fundamentals. Importantly, capital allocation is guided by a robust framework to help identify and take advantage of valuation anomalies. In addition to seeking to exploit episodic opportunities, Vantage Point will invest in (or short) a range of high (or low) real yielding assets as well as trade volatility.
Aura Group is a global financial services business specialising in wealth management, funds management and corporate advisory with operations in Singapore, Sydney, Melbourne, Brisbane, Bangkok and Ho Chi Minh City. Founded in 2009, Aura Group is an integrated financial services business with a global footprint, that is committed to developing financial products for our clients to choose to invest in, which can assist with achieving their long term objectives. Aura Group takes a client centric approach and offers a diverse mix of local and foreign, traditional and alternative investment solutions with strong returns. Aura Group is privately owned by staff and a number of strategic investors across APAC.
Find out more at http://www.aura.co
The Vantage Point Global Macro Fund launched on 2 May 2018. The objective of the Vantage Point Global Macro Fund is to generate high risk-adjusted returns, while reducing the risk of permanent loss of capital.
The core components of the Fund’s investment strategy are: return and carry and behavioural price episodes. The fund allocates across geographies and asset classes as risk premia expands or contracts. Specifically, the Fund seeks to take on expanded risk premium when price has shifted rapidly and is inconsistent with fundamentals.
The Fund achieves exposure primarily through exchange traded funds, index futures, equity sector baskets, swaps, options, FX and FX derivatives, each of which are traded through recognised exchanges or via the over-the-counter markets. The Fund’s investment objective is to achieve target returns 12%pa with 6-10% volatility.
The Fund’s investment strategy seeks to generate absolute returns through the flexible allocation of capital between asset classes and sectors guided by a robust valuation framework.
The portfolio will generally have several primary components, (i) short equities, (ii) fixed income (both government and corporate) and (iii) foreign exchange trading. The portfolio will initially short certain assets that have high overvaluation in relation to overleverage whilst positioning the portfolio across fixed income assets all within Australian macro and micro sector environments.
The Manager seeks to respond to phases where asset prices move away from a reasonable valuation and believes such occasions create opportunities because of structural issues within the Australian economy. Accordingly, an in-depth assessment of long-term valuation signals are an integral part of the Fund’s investment process.
The occurrence of behavioural price episodes, or instances when a price movement reflects a disconnect between fundamental facts and is driven by the biases of market participants are characterised by a rapid and violent price movement, a focus on a single story that dominates perception around an event, and emotionally driven responses to an event.
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