1. How can a fund that only invests in cash expect to make above average returns?
Pantera IGS invests the Fund's cash in time deposits (TDs) at large European banks to be used as cash collateral for new-issue MTNs and bond trade settlements. It does not invest in new-issue MTNs or bonds, it only trades them from the issuing banks to the institutional buyers at the same time for a small profit, and those profits would accumulate over time for anticipated above average returns.
2. How many trades does Pantera expect to transact and what is the Fund's trading limitations?
Pantera plans to do simultaneous buy/sell trades only at a profit, with a frequency of one to four times per week according to the amount of cash within the TDs as collateral for the settlement of the trades. The amount of cash in the TDs dictates the volumes and block sizes of the MTNs that the Fund can trade, therefore if there is more cash invested in Pantera, this would enable the Fund to do larger transactions that could translate into more trading profits... Download PDF for full FAQs
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