Emerging Macro Programmes


Apollo Emerging Market Macro Strategy Asian Markets Absolute Return
Performance Since Inception* 71.54% 46.05%
Performance 2014* -1.12% -1.25%
Annualised Performance* 11.01% 9.72%
Annualised Risk* 6.66% 12.41%
Sharpe Ratio* 1.62 0.77
Current Month September 2014 2014 -- --
   *at close of previous month.


Returns are GROSS of all fees.


Global Emerging Markets
The Global Emerging Markets Programme commenced trading in May 2009 as a managed account for an institutional client to provide a blended exposure to emerging market currency and emerging market equity as offered by The Cambridge Strategy. This managed account was transferred in to a BVI Fund in March 2010 and subsequently opened to further investors. Apollo is mandated to invest in all emerging market asset classes, and certain developed market products can be used as hedges.

Asian Markets Absolute Return
The Asian Markets Absolute Return Fund commenced trading in June 2010 as the Asian Equity Markets Absolute Return Fund, focused on trading in equity and FX markets. The fund changed its name to The Asian Markets Absolute Return Fund in September 2012 and introduced Fixed Income as an additional asset class, to broaden the investment opportunities. The fund is classified as an Asian Macro fund and follows the same investment process and risk management procedures as the Apollo Emerging Markets Macro programme.


Historical Performance


Global Emerging Markets Programme - Apollo

Please contact us for further details


Performance Since Inception
May 2009 Performance: 6.36%
2010 Performance: 12.89%
2011 Performance: 20.21%
2012 Performance: 18.60%
2013 Performance: -1.12%


Information Performance Analysis
Fees (Management) 2% Last Month -1.59%
Fees (Performance) 20% Last Rolling 12 Months -1.14%
Target Returns 15% Year to Date -1.12%
Liquidity Monthly Monthly Win Rate 70%
Performance to Date 71.54% Standard Deviation 6.66%
Skewness --


Monthly Return


Chart.
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2009
Apollo1.48%0.62%3.02%-1.65%-2.08%1.93%2.89%0.11%6.36%

2010
Apollo0.91%2.03%5.52%0.46%-1.44%-2.37%2.02%0.63%-2.39%3.10%1.48%2.53%12.89%

2011
Apollo0.64%0.63%2.40%4.29%0.84%1.15%1.76%-0.50%3.65%1.71%0.57%1.51%20.21%

2012
Apollo3.03%2.23%-1.77%-0.35%3.00%1.34%4.35%1.85%2.49%0.03%0.53%0.61%18.60%

2013
Apollo4.36%0.22%0.67%-1.09%-1.44%-1.25%-0.33%-1.52%-2.81%-1.43%4.12%2.12%1.34%

2014
Apollo-1.44%0.32%-0.34%0.27%1.69%-1.59%-1.12%

Asian Markets Absolute Return

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Performance Since Inception
Jun 2010: 19.89%
2011 Performance: 12.84%
2012 Performance: 9.29%
2013 Performance: -1.25%


Information Performance Analysis
Fees (Management) 2% Last Month -0.59%
Fees (Performance) 20% Last Rolling 12 Months -1.31.%
Target Returns 15% Year to Date -1.25%
Liquidity Monthly Monthly Win Rate 63%
Performance to Date 46.05%
Standard Deviation 12.41%
Skewness 2.42


Monthly Return


Chart.
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2010
Asian Macro1.61%1.56%-2.06%11.27%1.14%0.48%4.90%19.89%

2011
Asian Macro1.53%1.29%-2.77%1.89%-3.99%-1.04%0.86%0.84%-1.28%17.08%-0.10%-0.74%12.84%

2012
Asian Macro0.28%0.56%-3.63%4.03%4.99%-4.85%0.03%6.36%0.37%1.38%-1.49%1.47%9.29%

2013
Asian Macro1.87%0.32%-1.35%1.49%0.59%-2.75%-0.83%0.45%-3.22%1.46%1.11%1.05%0.03%

2014
Asian Macro-0.18%0.58%-1.82%-0.10%0.88%-0.59%-1.25%

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