We use cookies to personalise content and ads to deliver the best possible web experience. By continuing to use this site, you agree that we may store and access cookies on your device. You can change your preferences at any time on your browser. For more detail, click here to view our cookie policy.

Generic Links

Welcome to RL360's

dedicated financial adviser website

For financial advisers only

Not to be distributed to, or relied on by, retail clients

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

Objective

The 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.

Objective

The 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.



_______________________________________________________________________

For more information about VAM Managed Funds visit www.vam-funds.com

Impacts on these defined fund range products


Impacts on closed products with access to

Sample letters

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)


Applicable to closed products with access to SPILA internal fund range