Azimut PYŞ First Hedge Fund

The Fund's main investment strategy is to generate absolute returns in Turkish Lira by investing in Turkish and foreign public and private sector debt instruments and by taking advantage of arbitrage opportunities in the created portfolio.
In line with its investment projections, the Fund aims to provide capital gains and increase its portfolio value by investing in both TL and foreign currency denominated money and capital market instruments, other investment instruments deemed appropriate by the Board, financial transactions and securities. Fund portfolio may consist of all assets and transactions specified in Article 4 of the Communiqué. The Fund aims to carry a diversified portfolio of short, medium and long-term Turkish and foreign, public and private sector debt instruments with different maturities. The fund manager can create a portfolio structure spread over the yield curve or focused on a certain maturity by using public debt instruments and/or private sector debt instruments. As a complement to this strategy, it can take positions in Turkish Lira, foreign currency and/or cross rates in order to hedge currency risk and/or purely for investment purposes.