Aureon Bangkok Capital DiscoveryABCD Fund

Investment Strategies

Two strategies.
Different roles.

Eclipse and Nova apply two distinct investment mandates within one ABCD platform—one focused on crisis-driven mispricing, the other on flexible multi-strategy allocation.

Compare the strategies

Eclipse

Crisis Opportunity

Concentrated · Patient · Global Equities

Nova

Multi-Strategy

Flexible · Diversified · Multiple Return Engines

Two distinct mandates

Eclipse and Nova pursue different sources of opportunity, portfolio structures and risk characteristics while sharing ABCD's research and valuation disciplines.

Crisis Opportunity

Eclipse Fund

A fundamentally driven strategy focused on businesses whose market prices have been severely disrupted by temporary crisis, uncertainty or dislocation.

Total eclipse rising over luminous data ridges in deep burgundy — the Eclipse Fund crisis-opportunity identity.
Mandate
Long-term capital appreciation from businesses materially mispriced during temporary crisis or market dislocation.
Opportunity set
Global listed companies where market stress has created a meaningful gap between price and assessed value.
Portfolio character
Concentrated, patient and fundamentally driven.
Risk discipline
Positions are re-underwritten as facts change; price decline alone is not a reason to exit.
Explore Eclipse

Multi-Strategy

Nova Fund

A flexible multi-strategy approach seeking opportunities across different return engines as market conditions change.

Ascending emerald data terraces with gold reserves and a rising bar chart — the Nova Fund multi-strategy identity.
Mandate
Seek absolute returns through flexible deployment across multiple strategies and instruments.
Opportunity set
Global equities, options, gold and other permitted tactical opportunities.
Portfolio character
Flexible, diversified and responsive to changing opportunity sets.
Risk discipline
Exposure and strategy allocation adjust as evidence, opportunity and market conditions change.
Explore Nova

Different by design.

Compare the strategies across six dimensions.

Dimension Eclipse Nova
Primary mandate Crisis-opportunity capital appreciation Multi-strategy absolute return
Opportunity set Global equities affected by crisis or dislocation Global equities and multiple tactical return engines
Portfolio style Concentrated and patient Flexible and diversified
Typical horizon Long-term; potentially many years Generally shorter and strategy-dependent
Primary return drivers Business recovery and valuation normalisation Multiple return engines across changing conditions
Risk character Concentration and crisis-related volatility Broader diversification with active exposure control

Portfolio construction

Each strategy allocates capital differently according to its mandate and opportunity set.

Allocation ranges, not current portfolio weights.

Eclipse

  • Crisis Equities 70–85%
  • Tactical Instruments 0–15%
  • Cash & Risk Management 5–20%

Cash may exceed the normal range when opportunity or risk conditions warrant.

Nova

  • Global Equities 30–60%
  • Options 10–30%
  • Gold 5–20%
  • Cash & Risk Management 10–40%

These are flexible allocation ranges rather than current portfolio weights. Investment methods can operate across these categories and need not be active at the same time.

Same toolkit. Different application.

ABCD's core investment areas can serve different purposes depending on the strategy.

Global Equities

Eclipse

Crisis-driven mispricing, business recovery and long-term value realisation.

Nova

Fundamental equity opportunities within a flexible multi-strategy portfolio.

Options, Derivatives & Tactical Instruments

Eclipse

Selective entry, hedging and opportunity structures around researched companies and market dislocations.

Nova

Yield, event-driven opportunities, hedging and tactical exposure management.

Liquidity & Portfolio Flexibility

Eclipse

Patience while waiting for sufficient value, with capacity to deploy when dislocations deepen or new opportunities emerge.

Nova

Active exposure management as opportunity, risk and market conditions change.

One platform. Shared disciplines.

Research

Both strategies require evidence before capital is committed.

Valuation

Price is assessed relative to expected value, downside and available alternatives.

Risk & Governance

Portfolio decisions are supported by monitoring, risk discipline and platform-level oversight.

Explore the Investment Process

Explore further

Eclipse Fund Crisis-opportunity strategy Nova Fund Multi-strategy approach Investment Process Screening, research and valuation Risk Management Portfolio risk and monitoring