|
|
Irish Life International US$ Liquid Reserve Fund
|
Irish Life International US$ Liquid Reserve Fund
|
|
|
|
| |
|
Ranking
|
|
Sector:
|
Global-Fixed Interest-Money Market |
|
Size:
|
- |
| |
|
Sector Rank:
|
7 out of 7 |
|
(lump sum over 2 years to 31 Jul 2003)
|
| |
|
Overall Rank:
|
129 out of 269 |
|
(lump sum over 2 years to 31 Jul 2003)
|
| |
| R20000 invested on 31 Jul 2001 was worth R17 891 at 31 Jul 2003 |
((5.42)% annual compound return)
|
| |
| R5000 per month since 31 Jul 2001 was worth R94 074 at 31 Jul 2003 |
((24.06)% annual return compounded monthly)
|
|
| |
| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
| |
|
|
Management
|
| Hooman Kaveh, MSc. in Investments and Treasury Management; MBA;B |
| Hooman heads up Irish Life International Multi-Managers Limited, the investment management subsidiary of Irish Life International. He has been in this role since 1995 and has had a leading role in developing the multi-manager investment process which is used for managing all client funds. Prior to his current role, Hooman was head of quantitative investments at Irish Life Investment Managers whom he joined in 1990 initially as a portfolio manager.
Hooman graduated from Trinity College in Dublin in 1986 with a honours degree in Microelectronics and Electrical Engineering. He then worked in the Research & Development Labs of Philips in Eindhoven, the Netherlands. He left Philips in 1989 to complete an honours MBA (Masters in Business Administration) in 1990 at Trinity College Dublin.
Hooman also holds a honours MSc. degree from Dublin City University in Investments and Treasury Management which he gained in 1993. He has also lectured part-time on the subject of quantitative investment management on that programme following his graduation. |
| |
| Jan-Hein van den Akker, Honours Degree in Finance from Tilburg University |
| Jan-Hein joined Irish Life International Multi-Managers Limited, the investment management subsidiary of Irish Life International as a fund manager in 1999. He is responsible for fund manager selection and monitoring as well as manager blending and assists the investment director with the asset allocation process and implementation. He is also involved in the preparation and presentation of client reports. Prior to his current role, Jan-Hein was a senior analyst in the investment management department of Frank Russell Company, the pension fund consultants, whom he joined in 1996.
Jan-Hein graduated from Tilburg University, the Netherlands in 1993 with an honours degree in Business Economics. He also studied at Jean Moulin University in Lyon, France, where he completed a post graduate course in European Law. After his graduation he worked at Baring and Mercury Asset Management. |
| |
| Managers:
20% - Merrill Lynch
20% - Fidelity
20% BNP Paribas
20% Goldman Sachs
20% JP Morgan Fleming |
| |
|
|
Focus and Objective
|
The aim of the Irish Life International US$ Liquid Reserve Fund is to achieve a return in line with the US dollar 1 month Treasury Bill index by investing in stable short-term money market instruments. Capital preservation is the most important consideration for this fund.
The objective of the fund is achieved by investing all of the assets of the fund into short-term money market and other interest rate instruments including short-term notes mainly denominated in US$ to minimise any potential currency risk. Since the fund is denominated in USD, if it invests in non-USD assets, it runs the risk of suffering capital losses. The fund manager's will attempt to maximise the yield on the assets subject to the primary consideration of capital preservation.
|
| |
|
|
Technical overview
|
| Formation Date: |
18 Sep 2000 |
| Original Price: |
100.00 |
| Pricing System: |
Forward |
| Base Currency: |
$ |
| Domicile: |
Dublin |
| Rollup Fund: |
Yes |
| Benchmark: |
S&P OS Money Managed USD Average |
|
| |
|
Top holdings (No information available)
|
|
|
|
|
|
