iRage Stratus Fund
What is the redemption frequency for iRage Stratus fund?
You can withdraw once a month - just place your request at least 15 days before the last business day of the month.
What is the subscription frequency for iRage Stratus fund?
You can invest once a month - just place your request at least 3 days before the last business day of the month.
Is iRage Stratus an open-ended or closed-ended fund?
This is an open-ended fund with monthly subscription & redemption cycles. The dealing day will be the last business day of the month.
What is a high watermark?
A high watermark is the highest value your investment has previously reached. Performance fees are charged only if your investment value goes above this level.
How is the performance fee calculated for iRage fund?
Performance fees are charged only when the fund earns returns above the hurdle rate (minimum return, e.g. 8%) and your investment value is higher than its previous peak (high watermark). The fee is applied only on the profits above these levels ...
What is hurdle rate for iRage Stratus fund?
It’s the minimum return a fund must earn before charging performance fees. If the hurdle is 8%, fees apply only on returns above 8% & not below.
What are the taxes on iRage Stratus AIF?
Capital gains in this fund are exempt from both investor and fund level taxation.
In what currency is the iRage Stratus fund denominated?
The fund is USD-denominated.
What is the minimum investment amount for iRage Stratus fund?
The iRage Stratus Fund requires a minimum investment of USD 150,000 for non-accredited investors and USD 25,000 for accredited investors.
Who can invest in iRage Stratus fund?
This fund is available to non-resident investors including NRIs, OCIs and foreign nationals except for investors from US, Canada & FATF grey & black listed companies.
What is the benchmark of iRage Stratus fund?
The benchmark of this fund is the Bloomberg Quantitative Equity Market Neutral Hedge Fund Index.
What is the investment objective of iRage Stratus fund?
The fund follows a systematic long-short, market-neutral strategy across equity derivatives and fixed income, targeting an 8-10% CAGR. It seeks to generate stable returns through active hedging, relative value trades, and disciplined risk management, ...
What is the iRage Stratus Fund?
The iRage Stratus Fund is a GIFT City based Category III AIF managed by iRage Investment Management LLP. It is a market-neutral fund designed to deliver returns 2-3% higher than FDs with low risk and controlled volatility.