Leveraged Capital Holdings N.V. (the “Fund” or “LCH”), a public limited company, is a two-tier open-end investment company incorporated under Curaçao law on July 10, 1969, with its statutory seat in Willemstad, Curaçao, and registered in Curaçao, in the Commercial Register of the Chamber of Commerce under number 4791. As a two-tier investment company, LCH (the upper tier) operates through separately managed investment vehicles (the lower tiers), as explained below. With respect to the open-end character of the Fund, see under “Purchasing and Redeeming Shares” in the Prospectus.
The Fund offers investors three classes of Shares, Class A Shares, Class B Shares and Class G Shares. The Fund will establish and maintain in its books separate portfolios in respect of each class of Shares (each class of Shares, a “Portfolio,” and sometimes referred to as the “Class A Portfolio”, the “Class B Portfolio” and the “Class G Portfolio”, respectively) to which the assets and liabilities and income and expenses attributable or allocated to each such class of Shares will be applied or charged.
The principal objective of the Fund is the appreciation in capital through investment in quoted United States securities and other quoted or non-quoted instruments such as those traded in the foreign exchange and debt markets, including those outside the United States.
The Fund (with respect to each of the Portfolios) does not invest directly, but indirectly by investing in other investment funds or investment companies, and may also invest in investment vehicles which are wholly or partially owned by LCH (collectively, the “Sub-funds”). Generally each such Sub-fund is advised by a principal portfolio manager and its team, allowing LCH to benefit from the diversity and experience of professional portfolio managers.
The Fund (with respect to each of the Portfolios) may invest globally and is not limited as to the countries and regions in which it may invest through the Sub-funds or the amount of its assets which may be invested in a single Sub-fund or investment company. Although the Sub-funds may have restrictions with respect to the types of securities in which they invest or the percentage of their assets that may be invested in a particular security or type of security, the Portfolios themselves do not have such restrictions. The Fund’s exposure with respect to its investment in a particular Sub-fund is limited to the amount of such investment.
The investment activities of the Fund (with respect to each of the Portfolios) include a wide range of specialized approaches and techniques used by the several portfolio managers, who are allowed to operate within their area of expertise with minimal imposed limitations. The Fund does not supervise or control the decisions of the portfolio managers, but adds or withdraws capital according to its investment strategies and its judgment of their performance. The styles and techniques of the portfolio managers are frequently aggressive and carry special risks.
LCH began operating on November 30, 1969 under the sponsorship, which continues to the present, of the LCF Rothschild Group and MeesPierson (the “sponsoring institutions”).
NAV Date: 16.05.13 NAV US$: 292.13 NAV €: 218.38 NAV Gold US$: 383.77 Ytd Performance (US$): 9.77%