The fund aims to provide a positive absolute return independent of market conditions over the medium to long term
Financial year end 31st December
In order to protect the interests of existing shareholders the fund may apply an anti-dilution levy of up to 0.75% to the NAV on any subscriptions or redemptions which might adversely affect shareholders. Please refer to the prospectus for more details
Income accumulated in the fund
As well as on this site, prices are published daily on Bloomberg and by other third party data providers
Lancaster Investment Management LLP, (Authorised and Regulated by the Financial Conduct Authority, registered with the Securities Exchange Commission and registered with the Central Bank of Ireland ("CBI") as anon-EU AIFAM)
Waystone is the Authorised Corporate Director
Waystone
Morgan Stanley
Ernst & Young LLP
James joined Lancaster in 2023.
Prior to this, from 2008-2023, he was lead portfolio manager on the Brook Absolute Return Strategy, managed by Odey Asset Management LLP.
From 2006-08 James was a partner and fund manager at ZA Capital, an equity hedge fund founded by a Schroder colleague Zafar Ahmadullah.
From 2003-06 James was an equity analyst at Schroders covering the retail and leisure sectors. James graduated from Edinburgh University in 2003 and has also completed the Chartered Financial Analyst Program.
Jamie joined Lancaster in 2023.
Prior to this, from 2011-2023, he was Co-Portfolio Manager on the Brook Absolute Return Strategy, managed by Odey Asset Management LLP.
From 2008-2010 Jamie was global pharmaceuticals and medical devices analyst at Orbis Investment Advisory.
From 2004-2008 Jamie was an analyst/deal manager at FF&P Private Equity. Jamie graduated from St. Edmund Hall, Oxford, where he read Biochemistry and has also completed the Chartered Financial Analyst Program
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Applications can be placed by calling Waystone directly on the dealing line (0345 922 0044) or by email on ordergroup@linkgroup.co.uk.
You may also subscribe to shares by completing the application form.
Instructions must be received by the Administrator no later than 10.00am on the relevant Dealing Day. A Dealing Day is every day the London Stock Exchange is open.
GBP I, USD I, EUR I
£1,000,000 (or equivalent in USD & EUR)
Deals may be placed daily forward to 10.00am.
10.00am daily
All subscription monies must be received in the subscription account of Waystone, no later than 5.00pm on the fourth Business Day following the relevant Dealing Day. A completed Application Form should be received by 10.00am on the relevant Dealing Day. If subscription monies have not been received by Waystone within the time period specified above, the directors of the company may cancel any allotment of shares made and charge the applicant for any loss, cost, expense or fees suffered by the company as a result of such cancellation of Shares.
All shares will be registered and issued in inscribed form, i.e. no certificate will be issued but ownership will be evidenced by entry on the Fund's register of share holders.
Redemption instructions must be received by the Administrator no later than 10.00am on the relevant Dealing Day. A Dealing Day is every day the London Stock Exchange is open. Redemption proceeds will usually be returned by the fourth Business Day following the relevant Dealing Day.
Performance fee 20% of the increase in absolute outperformance of the share class during a performance period. Fees crystallise annually, and on redemption. Underperformance is carried forward; Ongoing Charge represents the Annual Management Fee + any other expenses (e.g. Audit fees, Administrator fees, etc.) including research costs but excluding any Performance Fee paid and financing costs for the year. The Total Expense Ratio represents the Ongoing Charge Figure + any Performance Fee paid for the year.
Ongoing Charge represents the Annual Management Fee + any other expenses (e.g. Audit fees, Administrator fees, etc.) including research costs but excluding any financing costs for the year.
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