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Northern Star Partners

Independent and active asset management in global markets

Northern Star MG Relative Value

Investment Objective

The fund aims to generate 12 - 15% annual return over the business cycle (3 - 7 years).

Investment Policy

The fund seeks to take advantage of price differentilas between related financial instruments by simultaneously buying and selling different commodity products. The return is derived by time decay of these two different commodity options. It is believed that market over or underpays consistently these securities. 

Investment Team

Fund is managed by  Karri Lehtinen and Markku Malkamäki

Important notice

Northern Star MG Relative Value fund is targeted to the professional and well-informed investors only and no registration or effort has been made in order to make the Fund available for distribution or sale to retail investors. 

Facts and Terms

The fund currently has three different share classes.

  • “A-Class” accumulating
  • “B-Class” accumulating
  • "C-Class" accumulating
  • “D-Class” accumulating

Additional share classes may be introduced at the discretion of the Fund Manager should investor demand arouse for them, for example due to demands for share classes denominated in currency other than USD or euro.

A classB class C classD class
Fund Structure

Luxemburg SIF

Luxemburg SIF Luxemburg SIF Luxemburg SIF
Base Currency USD EUR USD EUR
Fund Launch Date 01.07.2018 01.07.2018 01.07.2018 01.07.2018

Subscriptions/

Redemptions

Monthly Monthly Monthly Monthly
NAV Calculation Monthly Monthly Monthly Monthly
Minimum Subscription USD 500 000 EUR 500 000 USD 30 000 EUR 30 000
Management Fee

Seed phase: 0.5%

After seed phase: 0.8%

Seed phase: 0.5%

After seed phase: 0.8%

Seed phase: 0.8%

After seed phase: 1.5%

Seed phase: 0.8%

After seed phase: 1.5%

Performance Fee

Seed phase: 13% with HWM

After seed phase: 20% with HWM

Seed phase: 13% with HWM

After seed phase: 20% with HWM

Seed phase: 15% with HWM

After seed phase: 20% with HWM

Seed phase: 15% with HWM

After seed phase: 20% with HWM

Subscription Fee Max. 3% Max. 3% Max. 3% Max. 3%
Redemption Fee Max. 3% Max. 3% Max. 3% Max. 3%
Payment

T-2 Subs / T+5 Reds

T-2 Subs / T+5 Reds

T-2 Subs / T+5 Reds

T-2 Subs / T+5 Reds

Bloomberg Ticker

NSOEMOA LX

NSOEMOB LX

NSOEMDC LX

ISIN Code

LU0706924577

LU0706925111

LU1851970852

LU1390227343

How to subscribe

Julkaisujärjestelmä | Hakukoneoptimointi Netello