Kempen Non-Directional Partnership - Class B

Profile

Kempen Non-Directional Partnership is a multi-manager fund that invests in a diversified pool of hedge fund strategies. The portfolio typically consists of between 10 and 20 underlying hedge funds. The fund has an unconstrained mandate and can invest in a wide array of strategies, including relative value strategies (e.g. arbitrage and equity market neutral), alternative credit strategies (e.g. distressed debt, structured credit, and insurance linked (ILS)), and macro / systematic strategies. The focus is typically on strategies with limited directional exposure to traditional markets.

The target funds will be selected on the basis of several criteria, including but not limited to investment strategy, pedigree and experience of the investment team, quality of the organization and service providers, and (commercial) terms of investment. The focus of the Fund will be on specialist managers, or specialist teams that are part of a larger platform. Ideally managers are employee-owned and invest their own capital alongside clients in their funds creating alignment of interest.

The objective of the fund is to generate an long-term return in excess of the relevant risk free rate + 3% per annum.

Management team

Michiel Meeuwissen, Theo Nijssen

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month 0.7 %
3 months -0.3 %
This year 2.0 %
2019 0.1 %
2020 6.3 %
2021 6.2 %
1 year (on annual basis) 2.0 %
3 years (on annual basis) i 4.8 %
5 years (on annual basis) i 2.7 %
Since inception (on annual basis) i 2.9 %
Performance is shown after deduction of ongoing charges. The value of your investments may fluctuate. Past performance provides no guarantee for the future.
More information can be found on the documents page of this fund

Key figures

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Total fund size
EUR 186.57 M 2022-12-30
Share class size
EUR 75.62 M 2022-12-30
Number of shares
3,698,947 2022-12-30
Net Asset Value i
EUR 20.44 2022-12-31

Fund characteristics per 2022-12-31

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  Fund
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Performance per 2022-12-31 (rebased)

No chart data available

Performance per 2022-12-31

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  Fund
1 month 0.7 %
3 months -0.3 %
This year 2.0 %
2019 0.1 %
2020 6.3 %
2021 6.2 %
1 year (on annual basis) 2.0 %
3 years (on annual basis) i 4.8 %
5 years (on annual basis) i 2.7 %
Since inception (on annual basis) i 2.9 %
Performance is shown after deduction of ongoing charges. The value of your investments may fluctuate. Past performance provides no guarantee for the future.

Dividends

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Distributing
No

Risk analysis (ex post) per 2022-12-31

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  3 years Since inception
Maximum drawdown i -9.25 % -19.92 %
Tracking error i 3.74 % 3.23 %
Information ratio i 1.37 1.15
Beta i 1.04 0.73
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

More information can be found in the the document Facts and Figures on the Documents page of this fund.

Asset class allocation (2022-12-31)

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  Min Max Strategic policy Current allocation
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Ongoing charges

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Management fee i
0.550 %
Service fee i
0.08 %
Taxe d'abonnement i
0.05 %
Indirect costs i
1,91 % (estimate excl. possible performance fees)
Expected ongoing charges i
2.59 %
Ongoing charges last financial year i
2.59 %
The ongoing charges figure of the last financial year relates to 2021.
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

Share class details

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Share class
B i
Investor type
Institutional & Private
Distributing
No
Reference index i
HFRX GI Hedge Fund
Objective
To generate a long term return in excess of Euribor +3%
Duration hedged
No
Investment category
Hedge Fund Strategies
Universe
Global multi assets
Inception date
2006-05-01
Domicile
Luxembourg
May be offered to all investors in
Netherlands
May be offered to professional investors only in
Belgium, Luxembourg, Sweden, Switzerland, United Kingdom
UCITS status i
No
Status
Open-end i
Base currency
EUR
Share class currency
EUR
Administrator
BNP Paribas, Luxembourg Branch
Auditor
PricewaterhouseCoopers, Société Coopérative
Transfer agent
BNP Paribas, Luxembourg Branch
Management company
Van Lanschot Kempen Investment Management NV
Depositary and custodian
BNP Paribas, Luxembourg Branch

Tradability

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Minimum subscription
Initial subscription: €50,000, additional subscriptions: €10,000
Listed
no
Subscription/Redemption Frequency
Quarterly, on the first business day of January, April, July and October
Lock-up period
Rolling 1 year
ISIN i
LU1038279904
Entry period purchase order
In order to be executed, orders must be received by BNP Paribas Securities Services S.C.A., Luxembourg branch 5 business days before the dealing day. Your distributor may use longer entry periods.
Entry period sell order
In order to be executed, orders must be received by BNP Paribas Securities Services S.C.A., Luxembourg branch 90 calendar days before the dealing day. Your distributor may use longer entry periods.
Details
Settlement for subcriptions is due 5 business days before the applicable dealing day. Settlement for redemption will normally take place within 19 business days after the appllicable dealing day.
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
This Fund falls under the scope of Article 6 SFDR, which means that that Fund neither promotes environmental and/or social characteristics nor has a sustainable investment objective. The sustainability-related disclosures for the Fund are available in the Fund Prospectus and under https://www.kempen.com/en/asset-management/esg , in line with Article 6 and 7 SFDR.
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
Kempen Non-Directional Partnership (the “Sub-Fund”) is a sub-fund of Kempen Alternative Investment Fund SICAV (the “Fund”), domiciled in Luxembourg. Van Lanschot Kempen Investment Management NV is the management company of the Fund. Van Lanschot Kempen Investment Management NV is authorised as a management company and regulated by the Dutch Authority for the Financial Markets (AFM). The Sub-Fund is registered under the license of the Fund at the Dutch Authority for the Financial Markets (AFM).

The information in this document provides insufficient information for an investment decision. Please read the Key Information Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of Van Lanschot Kempen Investment Management NV (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.