Change to fund name, investment manager and investment policy – VAM Managed Funds (Lux) – Driehaus Fund
VAM Managed Funds (Lux) ("VAM") has announced a change to the fund name, investment manager and investment policy of its VAM Managed Funds (Lux) – Driehaus Fund (the "Fund") which will take effect 1 September 2021.
Available in our open-architecture products
The Fund features in our open-architecture products and will be subject to changes detailed in the VAM notification document opposite.
Available in our defined fund range products
The Fund can be found in our defined fund range products Oracle, Paragon, Quantum, RSP (including Malaysia variants). A summary of the changes to the fund name, investment manager and investment policy are detailed in the tables below.
Available in closed products with access to SPILA internal fund range
The Fund can be found in a number of our closed products that had access to the SPILA internal fund range. A summary of the changes to the fund name, investment manager and investment policy are detailed in the tables below.
You can view a copy of the VAM notification document opposite for a detailed breakdown of all the changes.
| Current fund name in our defined fund range products | New fund name in our defined fund range products |
|---|---|
VAM Driehaus A Acc USD VAM Driehaus A Acc GBP VAM Driehaus A Acc EUR | VAM Fund A Acc USD VAM Fund A Acc GBP VAM Fund A Acc EUR
|
| Current fund name in closed products with access to SPILA internal fund range | New fund name in closed products with access to SPILA internal fund range |
|---|---|
VAM Driehaus USD VAM Driehaus GBP | VAM Fund USD VAM fund GBP
|
| Current investment manager | New investment manager |
|---|---|
| Driehaus Capital Management LLC | Rivers Capital Management Limited
|
| Current investment policy | Revised investment policy |
|---|---|
ObjectiveThe objective of the Fund is to provide long-term capital appreciation over the full investment cycle through the aggressive growth investment style of the Investment Manager. The Fund will invest, in accordance with and subject to the investment restrictions set out in section 1.3 "Investment Restrictions" of the Prospectus, substantially all of its assets in various compartments of VAM Funds (Lux), a Luxembourg undertaking for collective investment qualifying as a UCITS, that are also managed by the Investment Manager. Not more that than 20% of the Fund's net assets will be allocated to a single compartment of VAM Funds (Lux). The current Prospectus and the annual and semi-annual reports of VAM Funds (Lux) are available upon request.
The Fund may, for defensive purposes and on a temporary basis, invest 100% of its assets in liquid assets such as short-term fixed income instruments, money market instruments, deposits, money market UCIs or cash.
The Fund may invest in financial derivative instruments only for the purpose of hedging risks.
There can be no assurance that the Fund will achieve its objective.
| ObjectiveThe objective of the Fund is to provide long-term capital appreciation. The Fund will invest, in accordance with and subject to the investment restrictions set out in section 1.3 "Investment Restrictions" of the Prospectus, substantially all of its assets in various compartments of VAM Funds (Lux), a Luxembourg undertaking for collective investment qualifying as a UCITS. Not more than 20% of the Fund's net assets will be allocated to a single compartment of VAM Funds (Lux). The current Prospectus and the annual and semi-annual reports of VAM Funds (Lux) are available upon request.
The Fund may, for defensive purposes and on a temporary basis, invest 100% of its assets in liquid assets such as short-term fixed income instruments, money market instruments, deposits, money market UCIs or cash.
The Fund may invest in financial derivative instruments only for the purpose of hedging risks.
There can be no assurance that the Fund will achieve its objective.
|
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For more information about VAM Managed Funds visit www.vam-funds.com