GRIT Innolab AI Equity Arbitrage AIF
ISIN: FI4000466586

Protect your wealth

If you are tired of negative interest rates from the bank or low interest rates on bonds or perhaps nervous about the stock market, GRIT Innolab AI Equity Arbitrage AIF is a good alternative and the result of your investment is completely independent of whether the stock market goes up, down or sideways.

The fund uses a market-neutral investment strategy, where stock indices are traded against each other – also called statistical arbitrage, which makes it possible to create returns in virtually all market conditions: upward, downward or sideways movement.

The investment universe consists of over 50 different countries and sector indices and the return target is 2-10% per year with high risk management to avoid sudden losses.

The fund is what is called an absolute return fund or income fund. This means that the fund does not follow a benchmark and thus not the stock market or the development of the bond market.

The portfolio is a good diversification and alternative to being invested in equities and cards for medium-term interest rate / bond exposure. 

Monthly reporting is distributed to Morningstar, Bloomberg, Refinitiv and most banks. You also get online access to the portfolio day by day. It is possible to step in and out of the fund at the end of each month.

GRIT Innolab AI Equity Arbitrage AIF can be used for retirement savings, savings, corporate taxation schemes, holding companies and asset management companies. The minimum investment is EUR 100.000.

The fund management is handled by GRIT Fund Management Company Ltd as AIFM, who has delegated portfolio management to Estlander & Partners Ltd. Innolab Technology A/S provides the daily buying and selling orders while acting as Tied Agent in Denmark.

FUND FEES

0.5% administration fee
10% perf. fee (with high watermark)

ISIN: FI4000466586

If you want to invest in GRIT Innolab AI Equity Arbitrage AIF you can subscribe easily by filling out the online subscription form or invest through selected banks in the Nordics.

Invest through Online form
Invest through your own bank
Frequently asked questions (FAQ)

Interview about  the fund

Visualization of strategy

How to invest

You can invest in the fund with our online subscription form or alternative through your bank.

Invest through Online form
invest through your bank

Frequently asked questions (FAQ)

Why should I invest in the fund?

Invest in GRIT Innolab AI Equity Arbitrage AIF and get access to stable single digit returns with extremely low correlation to global equity markets. The expected return is 2-10% annually and the fund has an absolute return focus, where risk management and portfolio construction aim at managing downside risk.

The portfolio is a perfect diversifier and alternative to long only equities and short to medium fixed income exposure. It is possible to enter and leave the fund at the end of each month. 

Monthly reporting is distributed to Morningstar, Bloomberg, Refinitiv and most banks.  Your investment can also followed online day by day.

GRIT Innolab AI Equity Arbitrage AIF can be used for retirement savings, savings, corporate taxation schemes, holding companies and asset management companies. The minimum investment is EUR 100.000.

The fund management is handled by GRIT Fund Management Company Ltd as AIFM, who has delegated portfolio management to Estlander & Partners Ltd. Innolab Technology A/S provides the daily buying and selling orders while acting as Tied Agent in Denmark.

What is the investment strategy of the fund?

The fund is launched to professional and semi-professional investors and the investment decisions are made 100% with artificial intelligence. The development of the AI engine and the design of the investment strategy is based on the team’s many years of experience in the investment and engineering industry.

The strategy is based on pairs trading, where stock and sector indices are traded against each other – also called statistical arbitrage. Pairs trading is a market-neutral strategy that enables returns to be created in virtually all market conditions: upward, downward or sideways movement.

The investment universe consists of over +50 different indices and new pairs are added continuously to the portfolio when the AI core identifies opportunities.

Where can I follow my investment?

The performance of the fund can be followed daily through an online portal with personal login. The final NAV value is calculated at the end of each month.

Monthly reporting is also distributed to Morningstar, Bloomberg and Refinitiv.

Who can invest?

GRIT Innolab AI Equity Arbitrage AIF (fund) may be marketed to and is available for professional investors, as defined in the markets for financial instruments directive MiFID II, 2014/65/EU, in Denmark, Finland and Sweden.

GRIT Innolab AI Equity Arbitrage AIF (fund) can be used for retirement savings, savings, corporate taxation schemes, holding companies and asset management.

Who is the administrator and portfolio manager of the fund?

The fund management is handled by GRIT Fund Management Company Ltd as AIFM, who has delegated portfolio management to Estlander & Partners Ltd. Innolab Technology A/S provides daily buying and selling signals while acting as Tied Agent in Denmark.

Is there any minimum amount to invest for?

The Fund has a minimum investment of EUR 100,000 and only to professional investors who declares to be aware of the risks associated with the proposed investment.

Important information
As long as you as an investor have invested a minimum of EUR 100,000, subsequent deposits can be less than EUR 100,000.

What are the fees?

The fund pays an annual management fee to the manager. In addition, a performance fee is paid on the return according to the high-water mark principle, so that the Manager cannot receive the performance fee of the same additional return several times. If the result for the year is negative, the loss must be recouped before the performance fee is paid again.

A high-water mark is defined as the highest NAV value the fund has had since its inception. Each time a new peak in NAV value is achieved a new high-water mark is set.

The fund has two classes with different fees.

Seed class (open now):

  • Management fee: 0.5%
  • Performance fee: 10%

Normal class:

  • Management fee: 1.25%
  • Performance fee: 10%

How do I invest in the fund?

To invest in the fund, you must fill in the online subscription form or invest through your bank and deposit a minimum of EUR 100,000 into the fund’s bank account at Nordea.

The fund is open to subscription once a month at no additional cost with a notice of five (2) business days prior to the desired subscription date.

How do I sell my shares?

It is possible to enter and leave the fund at the end of each month with 5 business days’ notice.

Exit fees in, year 1 = 0,25%, year 2 = 0,20%, year 3 = 0,15% and year 4 and onwards = 0,10% (calculated from the time of subscription).

Value of the fund?

The NAV value is determined by the last business day of each month. The equity value of the fund is calculated by adding together the values of the fund’s securities, including the cash balance, and then correcting for the fund’s costs and eventually dividing by the total number of shares in the fund.

What do I invest in?

When you invest in the fund, the money goes directly to the Fund: GRIT Innolab AI Equity Arbitrage AIF as a legal entity and which is administered by GRIT Fund Management Ltd.

This means that it is not an investment in Innolab Technology A/S and Innolab does not receive the invested amount.

Innolab receives payment for delivering its technological platform to the Fund. Innolab’s technological platform provides analysis, forecast of assets and portfolio construction to the Fund

Therefore, the investment in the Fund is completely independent of the business development of Innolab. And if Innolab closes, the investment will not be affected and the fund can be closed and the money paid out.

Is the fund liquid?

The fund will invest exclusively in liquid instruments, that can be liquidated within days. The fund provides monthly liquidity.

Is it a UCITS fund?

The fund is a so-called Alternative Investment Fund (AIF).

Can I invest from my retirement saving in the fund?

Only funds from installment and capital pensions and retirement savings in financial institutions can be used to purchase shares in the fund. You can invest up to 20% of the total funds in your pension deposit in the fund.

Is there leverage in the fund?

The fund leverages the capital on average by 180% which is very low compared to regular hedge funds.

Tax on gain and loss?

The fund does not pay dividends and is thus accumulating. Gains and losses are taxed according to the stock principle.

Key investor documents

Here you will find the most important documents concerning the fund. Most documents are available in both Danish and English.

Danish

AI Equity Arbitrage investeringsstrategi
Dokument med central information - klasse a
Dokument med central information - klasse b

English

AI Equity Arbitrage investment Strategy
FUND PROSPECTUS & fund rules
Key Investor Information Document KIID