Summary

The Aspect Diversified Programme (Aspect Diversified or the Programme) is the primary investment programme managed by Aspect. The Programme applies a systematic momentum-based investment strategy, which is applied to many of the most liquid global financial and commodity futures, currency forwards and other derivative contracts. The Programme operates in over 220 contracts in over 170 markets across seven different asset classes. It is Aspect’s primary investment programme, with fund assets of over USD400 million and almost USD3 billion of assets in a series of segregated (or managed) accounts. The Aspect Diversified Fund (the Fund) has a continuous track record since launch on 15th December 1998. The Fund is incorporated in the Cayman Islands as an open-ended investment company and is a regulated mutual fund under the Mutual Funds Law of the Cayman Islands. Aspect maintains a significant number of separately managed accounts, which allow investors to access the Programme using bespoke portfolios, to use notional funding, to have daily liquidity and to specify volatility targets. Investors may also access Aspect Diversified through total return swaps, which offer investors many of the advantages of a managed account with reduced legal and back office requirements.