Anantam International SPC Fund - 6 SP

  • We would love macro investing to be boring but the LIQUIDITY creation and drivers of global LIQUDIITY are constantly changing and in turn influencing the macro landscape.
  • We believe that the easy money for the year is already made and now the time is not to play on front foot but going for small wins.
  • Since early January, the US government debt has remained at $36.2 trillion, but it is expected to increase to $37.7 trillion over the next four months. We are talking about net issuance of $1.5T over next 3 months. A large part of this borrowing will be used to fill up TGA balances which have been run down and have helped expand global liquidity in H12025. This has also kept financial conditions easy in the form of weak US dollar.
  • We added a significant individual position to our portfolio which is a global asset manager focused on precious metals and critical material investments. We believe the best way to play precious metals and energy transition boom is through a focused asset manager. as Aum rises sharply with increasing inflows and underlying asset value appreciation.

Investment Objective

To provide with income generation and capital appreciation through investments in equities, bonds and other related securities of emerging and developed markets. This objective is to be achieved by investing in debt, quasi equity (including convertible bonds, warrants, etc.) and equity shares, both listed and unlisted in, developed, emerging and frontier markets.

Particulars Remarks
Minimum Investment $100,000
Minimum top up $1,000 and multiples thereof
Subscription Monthly last day of each month
Redemption Monthly, subject to at least 15 calendar days of notice
Redemption Free/ Exit Load 1% on AUM up to 1 year from the investment date.
Management Fee 1% per annum charged monthly on daily average AUM
Performance Fee 15% performance fee over hurdle of 7% (subject to high water mark)
Operating Fee On Actuals, capped at 0.5%p.a. on AUM
Hurdle Rate 7%
Fund Name Anantam International SPC Fund - 6 SP
Investment Manager Arpana Investment Management (Bermuda)
Auditor Forvis Mazars
Administrator Ohm Dovetail Global Admin (IFSC) Pvt Ltd

Benchmark Construction

Benchmark is a blend of Vanguard total world stock Index ETF (VT) - 34%, Vanguard total bond market ETF (BND) - 33% & VanEck Inflation Allocation ETF (RAAX) – 33%. ETFs are chosen for the benchmark to reflect the diversified nature of the underlying portfolio. Peers in the space typically use a 60:40 combination of MSCI World stock Index and Bloomberg global bond Index as benchmark.

The reason for including real asset as a part of benchmark - As early sings of multi polar currency world emerges, the efficiency of supply chains will be challenged pushing the cost of procurement upwards. As developed economies struggle through the massive debt burden creating an overhang on fiscal & monetary policies; real asset owners like commodity producers, efficient commodity procurers may emerge as winners. Inclusion of real assets in the Benchmark has increased the challenge for the fund as hard commodities act as inflation hedge.