latin american hedge fund directory 2004/2005 - Eurekahedge

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Long / Short Equities The Explorador Fund LP Manager Profile Strategy • Andrew Cummins manages The Explorador Fund. The fund was previously managed as a primarily long-biased equity fund. A hedge fund strategy migration was completed at the end of 2003. • Cummins previously worked at Emerging Markets Management in Arlington, VA which managed US$9bn in assets. He holds an MBA from Harvard Business School and a bachelor of science degree from the University of California (Berkeley). • Explorador Capital is owned by the portfolio manager as well as Farallon Capital and Pisces Inc. Statistics (as at Jul 2004) Performance Chart Summary Data Annualised Return (%) 48.07 Best Monthly Return (%) 25.30 Worst Monthly Return (%) -7.10 2003 Return (%) 75.23 2004 Return (%) 6.24 Rise/Fall in NAV since Inception (%) 86.17 Rise/Fall in NAV over Last 3 Months (%) 1.40 Risk/Return Sharpe Ratio 2.07 Annualised Standard Deviation (%) 22.79 Downside Deviation (%) 6.10 Sortino Ratio 7.73 Maximum Drawdown -9.42 Percentage of Positive Months (%) 78.95 Fund Details Investment Style Long / Short Equities Investment Geography Latin America Fund Size (US$m) 51 Fund Capacity (US$m) Undisclosed Assets under Management (US$m) 51 Minimum Investment Size US$100,000 Inception Date Dec-2002 Domicile United States Base Currency USD Equalisation / Share Class Equalisation Dividend Policy None Leverage No Hurdle Rate No High Water Mark Yes Listed on Exchange No Open/Closed Open Service Providers Administrator None Auditor Ernst & Young Legal Advisor Shartsis, Friese & Ginsburg Broker Goldman Sachs The information and summaries contained in this directory (the “Summaries”) appear as a matter of record only and are provided for information purposes only. The Summaries do not, and should not be construed to, constitute an offer to sell or a solicitation of an offer to buy any of the shares, or any other interest, in any fund or form the basis of any contract or commitment whatsoever. The Summaries are based on information and data received from the subjects of each and from other third party sources and no guarantee of completeness or accuracy can be made nor is any representation or warranty made in this regard. We understand that many of the funds may not be sold into, or that their sales may be restricted in particular jurisdictions (including the United States and Singapore). Accordingly you are advised to seek independent professional advice before taking any action in relation to any fund mentioned herein. We accept no liability whatsoever for any direct or indirect loss arising out of the use of this directory or reliance on anything found in this directory. ∆ EUREKAHEDGE PTE LTD www.eurekahedge.com 8 • The fund utilises a primarily long/short fundamental equity strategy, with some allocation to arbitrage and fixed income strategies. The manager uses bottom-up stock picking techniques where long positions are hedged using fundamental or index shorts. • The fund is diversified across many sectors with strict position and country limits, investing primarily in Mexico, Brazil, Argentina and Chile. 200 175 150 125 100 75 Dec-02 Jun-03 Fee and Redemption Structure Subscription Frequency Monthly Redemption Frequency Quarterly Redemption Notification Period 30 days Redemption Penalty None Management Fees (% pa) 1.5 Performance Fees (% pa) 20 Other Fees None Lock-up No Manager Details Dec-03 Jun-04 Advisory Company Explorador Capital Management Management Company Explorador Capital Management Fund Manager(s) Andrew Cummings Contact Person – Name Client Services Contact Person – Email info@explorador.net Contact Person – Tel 1 415 392 1300 Address One Maritime Plaza, Suite 1475, San Francisco, CA 94111, United States Main Telephone Number 1 415 392 1300 General Email info@explorador.net Website www.explorador.net
Multi-Strategy
Page 1: LATIN AMERICAN HEDGE FUND DIRECTORY
Page 4 and 5: Table of Contents About Eurekahedge
Page 6 and 7: Key Trends in Latin American Hedge
Page 8 and 9: Long / Short Equities FAMA Challeng
Page 12 and 13: Multi-Strategy Capitania Hedge FIF
Page 14 and 15: Multi-Strategy SDA Hedge FIF Manage
Page 16: European Hedge Fund Administrator o

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