The recent COVID-19-related market sell-off has forced highly-leveraged asset-backed credit funds to sell assets, driving prices below fundamental value.
Greg Branch, Founder/CIO of SCIO Capital recently addressed this topic in a webinar hosted by Oligo Swiss Fund Services. Greg discussed market conditions and how SCIO’s strategies are uniquely positioned to exploit the current opportunity set across public and private asset-backed credit markets. A lively and insightful Q&A is included in this session.
In Switzerland, the SCIO Fund SICAV-FIS (Fund) is considered foreign investment schemes pursuant to Art. 119 of the Swiss Federal Collective Investment Schemes Act (CISA). No application has been sub-mitted to the Federal Financial Market Supervisory Authority (FINMA) to obtain approval within the meaning of Art. 120 CISA to offer or distribute the investment in or from Switzerland to “Non-Qualified Investors”, and no other steps have been taken in this direction. Consequently, investors do not benefit from the specific investor protection and/or FINMA supervision pursuant to the CISA and its implementing ordinances.Any offer or sale must therefore be in strict compliance with Swiss law, and in particular with the provisions of the Collective Investment Schemes Act and its implementing ordinances, and FINMA circular 2013/9 on distribution of collective investment schemes. No person or entity is authorised
to offer or sell the Shares or distribute any Fund Documentation, including the Prospectus, the Articles of Incorporation and annual reports issued by the Fund from time to time or promotional material pertaining to the Fund in or from Switzerland other than to “Qualified Investors”, as defined in Article 10 of the CISA and Articles 6 and 6a of the CISO and any circulars issued by FINMA.The SCIO Fund SICAV-FIS has appointed as Swiss Representative Oligo Swiss Fund Services SA,
Av. Villamont 17, 1005 Lausanne, Switzerland,
Tel: +41 21 311 17 77, email: firstname.lastname@example.org, web address: http://www.oligoworld.ch. The Fund’s paying agent is Neue Helvetische Bank AG. Any Fund Documentation may be obtained free of charge from the Swiss Representative in Lausanne. In respect of the Shares distributed in or from Switzerland, the place of performance and jurisdiction is at the registered office of the Swiss Representative.
SCIO is obliged to keep documentary records under Art.24 para 3 CISA and it must observe the Swiss Bankers Association’s guidelines.
Neither SCIO nor this document give any investment advice on collective investment schemes or the Fund.