Banca Zarattini & Co. SA - Fundstore

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MG Ltd: Investment Strategy• Asset Class25%0%75%EquitiesBondsCash• Geographical distribution20%5%75%Cont. EUUSAJapan• Investment Strategy- Market neutral (core strategy)- Technical arbitrage- Macro economic multiple spreads- Risk arbitrage• Number of portfolios managed separately- 9 market neutral portfolios- 1 foreign exchange portfolio- 1 high grade government bond portfolio- 2 fixed income arbitrage portfolios- 1 systematic equity long/short portfolio- 1 technology portfolioBanca Zarattini & Co. SA42
MG Ltd: Risk Management• Hedging and leverage- Except for special situations (ie: companies under public offer), long positions arefully hedged through the short sale of stocks and index futures- Typically 100% Long & Short of net assetsMaximum leverage 200% Long & Short (so far this has never happened).- Options are seldom used either for investment or hedging purposes.• Market exposure- Normally, the fund’s strategy is to keep dollar neutral positions- Stocks: dollar neutral portfolios or companies under public tender offer.- Corporate and convertible bonds: emphasis on quality. No exposure to distressedcompanies and emerging markets.- Government bonds: highly rated bonds plus hedging of duration risk• DiversificationMaximum exposure to a single position: 10% of net assets; the fund holds at least 100long and 50 short positions.Banca Zarattini & Co. SA43
Page 1 and 2: Banca Zarattini & Co. SA
Page 3 and 4: Banca Zarattini & Co. SA19851990199
Page 5 and 6: Organization chartClientsAndrea Ter
Page 7 and 8: Asset management teamTullio SantiSe
Page 9 and 10: Track Record1100Feb-92Feb-93Feb-94F
Page 11 and 12: Product Range11• European Neutral
Page 13 and 14: Neutral Sicav: Structure13• Luxem
Page 15 and 16: NS: Inflation Linked Bonds Fund•
Page 17 and 18: NS: Inflation Linked Bonds FundNS I
Page 19 and 20: Inflation Linked Bonds FundHistoric
Page 21 and 22: NS: Equity Value Fund• Objectives
Page 23 and 24: NS: Equity Value Fund• 12 Months
Page 25 and 26: Neutral Sicav: SubfundsEuropean Neu
Page 27 and 28: NS: European Neutral Equity Fund•
Page 29 and 30: NS: European Neutral Equity FundHis
Page 31 and 32: NS: Italian Equity Long Fund• Obj
Page 33 and 34: NS: Italian Equity Long Fund• Top
Page 35 and 36: Neutral Sicav: SubfundsTechnologyFu
Page 37 and 38: NS: Technology Fund• Investment s
Page 39 and 40: Neutral Sicav: : Risk Management•
Page 41: MG Ltd: StructureMain Prime Brokers
Page 45 and 46: MG Ltd: Risk Management• Portfoli
Page 47 and 48: Wolf Group Ltd: StructureMain Prime
Page 49 and 50: CWF Ltd: Investment StrategyThe Fun
Page 51 and 52: CWF Ltd: Risk Management• Flexibi
Page 53 and 54: SWF Ltd: Investment StrategyThe Fun
Page 55 and 56: SWF Ltd: Investment StrategyLONG-SH
Page 57 and 58: SWF Ltd: Risk Management• No junk
Page 59: ContactsVittore Greggio, DirectorDi

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