Q: How is the currency risk managed within the Fund A: The Fund invests in assets denominated in USD, and will not hedge this currency exposure. The value of the Fund in AUD therefore rises and falls in tandem with movements in the AUD:USD exchange rate. If the value of the AUD falls, the price of the Fund will appreciate , and vica versa. If you do not wish to be exposed to the exchange rate risk, measures should be taken by yourself to hedge this risk. We however consider this exposure to have benefits for an Australian investor from a diversification point of view. New investments in the Fund are not automatically converted to USD, but are converted when new USD stocks are purchased. This means that the Fund will not always be 100% USD based, and the % will vary based on inflows and level of investment.
Q: Will the fund use any leverage or derivatives of any sort A: No, the Fund will not employ any leverage or utilize any derivatives.
Q: What happens if Gavin gets run over by a bus A: Procedures are in place to ensure a timely and efficient wind down of the Fund should an accident befall the manager.
Q: Is the Fund audited A: Yes, the Fund is audited on an Annual basis