Emerging Markets Equity Programme


Global Emerging Markets Equities (Long Only Fund)
Performance Since Inception 18.29%*
Performance 2014 3.69%*
Annualised Performance 2.99%*
Annualised Tracking Error 6.08%
Annualised Information Ratio 0.49
Current Month Jul 2014 --*
*Outperformance over MSCI Daily TR Net Emerging Markets USD


Global Emerging Markets Equities (Long Only Fund).


The Cambridge Strategy's long only emerging markets equities product has the following differentiating features: our team is organised regionally with a knowledgeable and locally experienced portfolio manager responsible for each of Asia, EMEA and LATAM; the macroeconomic, cyclical and structural factors that are expected to drive companies' earnings and valuations are rigorously identified and monitored, whilst our stock selection differentiates companies and sectors that offer the best risk/return profile given these drivers. We view corporate governance as a key element of investing in emerging markets stocks and we focus on the issues that are linked to company valuations and drive stock performance. We have incorporated the Cambridge Strategy's time tested active currency overlay process to further enhance our risk/return profile.


Fund Information
Fees (Management) 1%
Liquidity Monthly
Hurdle Rate MSCI Daily TR Net Emerging Markets USD
Share Currency € / $ / £


Monthly Return








Chart.
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2009
GEM
Programme
0.91 %4.75 %4.14 %10.08%
Benchmark0.12%4.30%3.95%8.55%
Outperformance0.79%0.45%0.19%1.53%

2010
GEM
Programme
-2.88 %0.91 %9.42 %1.11 %-10.78 %-1.86 %9.42 %-1.66 %11.03 %2.72 %-0.87 %5.71 %22.09%
Benchmark-5.58%0.35%8.07%1.21%-8.80%-0.73%8.33%-1.94%11.11%2.90%-2.64%7.14%18.87%
Outperformance2.70%0.56%1.35%-0.10%-1.98%-1.13%1.09%0.28%-0.08%-0.18%1.77%-1.43%3.22%

2011
GEM
Programme
-1.91 %-1.67 %3.38 %3.07 %-2.65 %-1.92 %-2.17 %-9.34 %-16.54 %17.78 %-6.23 %-2.43 %-21.73%
Benchmark-2.71%-0.93%5.88%3.10%-2.62%-1.54%-0.44%-8.94%-14.58%13.25%-6.66%-1.21%-18.42%
Outperformance0.80%-0.74%-2.50%-0.03%-0.03%-0.38%-1.73%-0.40%-1.96%4.53%0.43%-1.22%-3.31%

2012
GEM
Programme
16.12 %6.76 %-4.34 %-1.63 %-13.18 %2.64 %-0.98 %2.75 %6.06 %1.81 %0.60 %7.50 %23.51%
Benchmark11.34%5.99%-3.34%-1.20%-11.21%3.86%1.95%-0.33%6.03%-0.61%1.27%4.89%18.21%
Outperformance4.78%0.77%-1.01%-0.43%-1.97%-1.22%-2.93%3.08%0.02%2.42%-0.67%2.61%5.29%

2013
GEM
Programme
0.27 %-0.67 %-0.86 %-1.46 %1.00 %-9.11 %0.54 %1.76 %4.76 %6.39 %1.59 %-0.50 %2.95%
Benchmark1.38%-1.26%-1.72%0.75%-2.57%-6.37%1.04%-1.72%6.50%4.86%-1.46%-1.45%-2.62%
Outperformance-1.11%0.59%0.86%-2.21%3.57%-2.74%-0.51%3.48%-1.74%1.53%3.05%0.94%5.58%

2014
GEM
Programme
-7.28 %4.46 %4.20 %0.92 %3.97 %3.71 %9.82%
Benchmark-6.49%3.31%3.07%0.33%3.49%2.66%6.14%
Outperformance-0.78%1.14%1.13%0.59%0.48%1.05%3.69%

Awards

Winner: 2013 Best Sub $100m Hedge Fund, Hedge Funds Review’s European Single Manager Awards
The Cambridge Strategy Apollo Emerging Macro Programme
Winner: 2013 Best Global Macro Fund Manager, Hedgeweek Global Awards
The Cambridge Strategy Apollo Emerging Macro Programme
Winner: 2012 Best F/X Hedge Fund, Hedge Fund Review
The Cambridge Strategy Asian Markets Alpha Programme
> Winner: 2010 Best F/X Hedge Fund, Hedge Fund Review
The Cambridge Strategy Emerging Markets Alpha Programme
> Nominated: 2010 Currency Manager of the Year, European Pension Magazine Awards
> Nominated: 2010 Currency Manager of the Year, Global Pensions Awards
> Winner: 2009 Best F/X Hedge Fund, Hedge Fund Review
The Cambridge Strategy Asian Markets Alpha Programme
> Nominated: 2007 Currency Manager of the Year, Professional Pensions.
> Nominated: 2007 Currency Manager of the Year, Specialist & Alternative Investment Manager Awards.
The Cambridge Strategy