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.
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.
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.
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.
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.
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.
As long as you as an investor have invested a minimum of EUR 100,000, subsequent deposits can be less than EUR 100,000.
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):
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.
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).
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.
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.
The fund will invest exclusively in liquid instruments, that can be liquidated within days. The fund provides monthly liquidity.
The fund is a so-called Alternative Investment Fund (AIF).
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.
The fund leverages the capital on average by 180% which is very low compared to regular hedge funds.
The fund does not pay dividends and is thus accumulating. Gains and losses are taxed according to the stock principle.