Nova Fund · In Formation · Multi-Strategy Absolute Return
A flexible multi-strategy fund seeking stable absolute returns with disciplined risk control across four coordinated strategy sleeves.
Nova Fund is ABCD Fund's multi-strategy absolute-return strategy. It seeks positive absolute returns over the medium to long term, with the objective of avoiding negative calendar years — an objective, not a guarantee. Returns are pursued across four return engines — long-term growth and buy-and-hedge equities, options event trading and yield strategies, gold strategies, and multi-asset trading strategies — supported by active liquidity and cash management.
Not all four return engines need to be active simultaneously; capital moves toward the opportunities with the strongest current risk-adjusted return potential. Target return: 5–15% annualised, gross of fees — a target, not a guaranteed or minimum outcome. Within a broader portfolio, Nova is intended to function as a diversifying complement to Eclipse Fund's concentrated crisis-opportunity mandate — sized to each investor's own risk tolerance, time horizon, and liquidity needs. Positions are normally expected to be held for up to two years, although actual duration depends on the strategy and market conditions.
Nova Fund operates through four return engines — a long-term growth core plus three tactical sleeves: Options · Gold · Multi-Asset — supported by active liquidity and cash management. Each contributes to returns and manages risk in a different way, so the portfolio does not depend on any single source of return or a single market condition. Not all four need to be active simultaneously: capital moves toward the opportunities with the strongest current risk-adjusted return potential.
Intended as Nova's primary long-term return engine, investing in growth-oriented companies across U.S., Hong Kong/China, and European markets while applying hedging tools to manage downside risk.
A return-enhancement and tactical opportunity sleeve that may generate yield, capture event-driven situations, or create asymmetric payoff structures with predefined downside in selected trades.
A differentiated return source designed to reduce dependence on equity-market direction, aiming to generate absolute returns from gold trading opportunities.
A diversified tactical sleeve that seeks opportunities across related markets, with position sizing and portfolio-level risk constraints central to execution.
These are flexible allocation ranges, not permanent portfolio weights; actual allocation varies by market conditions and risk regime, and not all four return engines need to be active simultaneously.
Active liquidity and cash management supports the four return engines; cash may be held or raised to meet liquidity needs and reduce exposure during periods of stress.
Nova Fund is designed to adjust its use of equity exposure, hedging, cash, options, and gold across four broad market conditions. The response below reflects the fund's intended design, not a guaranteed outcome — market conditions may not resolve as anticipated, and these responses may not prevent losses.
Bull Market
Nova is designed to participate strongly in rising markets, drawing primarily on its long-term growth core across U.S., Hong Kong/China, and European equities.
Sideways Market
In range-bound conditions, Nova may lean more heavily on its tactical sleeves for return rather than relying on directional equity exposure alone.
Bear Market
Nova may still experience meaningful drawdowns in declining markets, particularly when global growth and technology equities fall sharply.
Crisis Market
Nova is designed to reduce portfolio-wide risk when severe stress signals are detected, prioritizing capital preservation over participation.
Nova Fund follows a disciplined, evidence-driven sequence from idea generation to exit, applied consistently across all four strategy sleeves.
No position is added to Nova's portfolio without passing through this process. Investment decisions are made on the combined weight of fundamental, macro, and quantitative evidence — not on price movement or model output alone.
Nova's research combines fundamental company and sector analysis, macro regime assessment, market sentiment, alternative data, and quantitative and scenario-based methods. These systems assist research and monitoring, but do not replace human verification: every position is reviewed and confirmed by the investment team before entry, and re-tested against conditions throughout the holding period.
Nova Fund applies structured risk limits across its four strategy sleeves to control concentration and manage portfolio-level risk. These controls reduce investment risk without eliminating it. This fund does not offer capital protection or guaranteed loss limits.
Nova is managed around a 15% maximum-drawdown objective. Reaching this threshold requires immediate portfolio review and risk reduction, although adverse market conditions may cause losses to exceed the objective. Individual sleeves — particularly options, gold, and multi-asset trading — can experience meaningful volatility, including drawdowns beyond typical market moves. Nova may use derivatives and controlled portfolio-margin exposure within its risk framework; exact gross-exposure, net-exposure, and margin limits are not publicly disclosed, and broker-provided margin capacity does not determine the amount of risk the fund will take.
Entry and exit decisions are evidence-driven across every sleeve — grounded in the research and scenario framework above, not on a single mechanical trigger.
Nova may reduce risk without waiting for a traditional long-term fundamental thesis to fail.
Positions and sleeve exposure may be reduced or closed for any of the following reasons:
Nova Fund may suit investors seeking a flexible, multi-strategy absolute-return allocation who understand that "absolute return" describes an objective, not a guarantee — the fund may still produce losses in any given period, and derivatives and portfolio margin introduce additional risk beyond a simple long-only equity allocation.
Sleeve allocations can change materially as market conditions shift, and investors must be able to tolerate that uncertainty alongside the possibility of meaningful drawdowns. Nova Fund is intended for qualified investors (institutional clients or high-net-worth individuals) with a medium-to-long-term investment horizon.
A formal factsheet covering full investment terms, fee structure, and redemption terms is available during the investor briefing process. This page is an overview only.
Headline terms only — full terms are set out in the offering documents and reviewed during investor briefing.
Nova Fund's research draws on ABCD Fund's broader multi-strategy research process. Published research related to this strategy will appear below as it becomes available.
Investor Relations
Qualified investors may request a strategy briefing to learn more about Nova Fund, including its strategy sleeves, investment process, risk framework, formal terms, and future factsheet documentation.