European Capital Holdings (“ECH” or the “Fund”) was established on 18 September 1998 for an undetermined period as an investment company under the laws of the Grand-Duchy of Luxembourg.
The Fund’s capital is denominated in euro.
Shares of the Fund are listed on the Amsterdam Stock Exchange.
The principal objective of the Fund is the appreciation in capital through investments in equities quoted in Europe and in other quoted or non quoted investments such as those traded in the foreign exchange, debt and equity markets, including those outside Europe.
Under its two tier system, the Fund does not invest directly, but operates through a variety of investment vehicles. Generally, each such investment vehicle is managed or advised by a principal portfolio manager and its team, allowing ECH to benefit from the diversity and experience of professional portfolio managers (the “Managers”). The investment approach of the Fund enables it to access a wide range of specialised strategies and techniques used by the several Managers, who are allowed to operate within their area of expertise with minimal imposed limitations. The managers will generally be based or have an operation conducting investment research in Europe. The Fund does not supervise or control the decisions of the Managers, but adds or withdraws capital according to its strategy and its judgement of their performance. The styles and techniques of the Managers, which may include the use of various derivatives and short sales, may be aggressive and bear special risks.
Although the Managers operate with minimal imposed limitations, it is expected that the Fund’s assets will mainly be invested in equities and that this equity exposure will mainly be in equities quoted in Europe. However, investors should be aware that the Fund’s mandate and flexibility accorded to the Managers to pursue the most attractive investment opportunities may mean that the Fund may not have a predominant exposure to European equities.
NAV Date: 15.05.13 NAV € : 249.50 Ytd Performance: 9.09%