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Tuesday August 21 2018
 
Magnum Shoots Down Minimums in Four Funds

Offshore Financial Review  August 1997


      Magnum Fund Management has lowered the minimum investment for its offshore range by launching four funds of funds , each governed by a different investment outlook.

      The Advisors Funds bring Magnum out of six-figure territory, down to a retail-friendly minimum of $10,000.

      Of the four Bahamas-domiciled funds, the Magnum Advisors Fund ensures the widest diversification. It follows a balanced investment strategy, allocating its portfolio among all the investments Magnum makes, including equity hedge funds, undervalued asset funds and commodity funds.

      The range also includes a Guarantee Fund, promising a 35 per cent return after five years plus 35 per cent of any excess profit over the guaranteed return.

      The other two funds are a Conservative Fund, emphasising capital preservation, and a Growth Fund.

      Investors can pay a 3 per cent front-end fee, or a redemption fee ranging from 5.5 per cent in year one, down to 1 per cent in year five. There is a 1 per cent annual management fee.

      Contact: 1-242-328-4677 or Magnum Funds.


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