Search
Close this search box.
Search

Aditum Alternative Income Fund

Global Income solution investing across alternatives and liquid debt markets.

Fund Snapshot
Fund Information
Domicile​
Cayman Islands ​
Investment Manager ​
Aditum Investment Management Limited​
Fund Administrator​
Apex Fund Services Ltd.​
Custodian​
UBP SA – Singapore Branch
Auditor​
Grant Thornton, Cayman Islands​
Fund Type​
Alternative Investment Fund​
Structure​
Open-Ended​
Currency​
USD​
Inception Date​
1 August 2019​
Benchmark​
USD 1M LIBOR TR​
Minimum Initial Subscription​
US$100,000​
Minimum Subsequent Subscription​
US$10,000​
Dealing Frequency​
Weekly
Redemption Notice​
30 Days​
Lock Up​
None​
Distributions ​
Quarterly​
Objective and Strategy

The Fund will seek to achieve a high level of income together with capital growth over the medium to long term. The Fund invests in alternative asset classes including but not limited to Private Credit, Trade Finance, Supply Chain Finance, Loans, Corporate Bonds, Emerging Market Debt and other income strategies.

Investment Strategy
The Investment Strategy is based on three central pillars:​

Strategy

Identifying investment funds which are independent of each other and uncorrelated with traditional markets whilst considering the current interest rate environment and macro economic factors.

Curve Placement / Duration

Taking into consideration the duration of the underlying investment funds, ranging from < 1 year with Supply Chain Finance Funds to funds with over 100yr lifespan.

Liquidity

Ensuring the fund can meet both its weekly liquidity requirements and reach its risk / return target by holding highly liquid funds (circa 30%) alongside less liquid funds and the balance in funds with weekly dealing frequency.

Investment Team

David Marshall

Director, Senior Executive Officer

David Marshall joined Aditum Investment Management Limited in December 2018. He has more than two decades of experience in financial services, spending nearly 10 years with Old Mutual and approximately 12 years with Emirates NBD where he held a number of senior management positions including SEO of Emirates NBD Asset Management and General Manager, Products and Advisory for Emirates NBD Bank Wealth Management.

Additionally, Mr. Marshall was Head of Products at Rasmala Investment Bank Limited for 18 months from April 2017. He has extensive experience of structuring conventional and Islamic financial products in a wide range of jurisdictions.

Mr. Marshall also holds a BA from the University of London.

Louisa Carnegy

Head of Marketing

Louisa Carnegy joined Aditum in September 2019 bringing two decades of industry experience. In her previous role, Ms. Carnegy spent 2 years at Rasmala as their Investment Communications Manager and prior to that spent over 11 years at Franklin Templeton in the Institutional Client Service and Sales Support team supporting regional sovereign wealth funds and tier one clients with onboarding, account set ups and ongoing service requirements. Before moving to Dubai, Ms. Carnegy began her career at Goldman Sachs, London, as a Client Analyst in the Private Wealth Management department and then spent 2 years at the Financial Risk Management Ltd, London, (a fund of hedge funds) in their marketing department. Ms. Carnegy holds a BA (hons) in Financial Services from the University of Northumbria, Newcastle-upon-Tyne, United Kingdom.

Seema Malik

Investment Analyst

Seema Malik joined Aditum in February 2024, bringing with her a background in investments. Prior to joining Aditum, Ms. Malik was part of the investment team that managed a multi-asset portfolio at Abu Dhabi National Insurance Company (ADNIC), where she worked as a Senior Officer in Investment Analysis and Reporting. She has also gained previous experience at the investment advisory firm Globaleye. Ms. Malik holds a bachelor’s degree from Oxford Brookes University and is currently pursuing her master’s degree in Global Banking and Finance from King’s College London. Additionally, she has successfully completed all three levels of the CFA program and is an ACCA affiliate

Fund Snapshot
Fund Information
Domicile​
Cayman Islands ​
Investment Manager ​
Aditum Investment Management Limited​
Fund Administrator​
Apex Fund Services Ltd.​
Custodian​
UBP SA – Singapore Branch
Auditor​
Grant Thornton, Cayman Islands​
Fund Type​
Alternative Investment Fund​
Structure​
Open-Ended​
Currency​
USD​
Inception Date​
1 August 2019​
Benchmark​
USD 1M LIBOR TR​
Minimum Initial Subscription​
US$100,000​
Minimum Subsequent Subscription​
US$10,000​
Dealing Frequency​
Weekly
Redemption Notice​
30 Days​
Lock Up​
None​
Distributions ​
Quarterly​

*Target Distribution p.a. is not guaranteed and subject to the overall performance of all companies/investments in which the Fund may be invested.

Objective and Strategy

The Fund will seek to achieve a high level of income together with capital growth over the medium to long term. The Fund invests in alternative asset classes including but not limited to Private Credit, Trade Finance, Supply Chain Finance, Loans, Corporate Bonds, Emerging Market Debt and other income strategies.

Investment Strategy
The Investment Strategy is based on three central pillars:​

Strategy

Identifying investment funds which are independent of each other and uncorrelated with traditional markets whilst considering the current interest rate environment and macro economic factors.

Curve Placement / Duration

Taking into consideration the duration of the underlying investment funds, ranging from < 1 year with Supply Chain Finance Funds to funds with over 100yr lifespan.

Liquidity

Ensuring the fund can meet both its weekly liquidity requirements and reach its risk / return target by holding highly liquid funds (circa 30%) alongside less liquid funds and the balance in funds with weekly dealing frequency.

Investment Team

David Marshall

Director, Senior Executive Officer

David Marshall joined Aditum Investment Management Limited in December 2018. He has more than two decades of experience in financial services, spending nearly 10 years with Old Mutual and approximately 12 years with Emirates NBD where he held a number of senior management positions including SEO of Emirates NBD Asset Management and General Manager, Products and Advisory for Emirates NBD Bank Wealth Management.

Additionally, Mr. Marshall was Head of Products at Rasmala Investment Bank Limited for 18 months from April 2017. He has extensive experience of structuring conventional and Islamic financial products in a wide range of jurisdictions.

Mr. Marshall also holds a BA from the University of London.

Louisa Carnegy

Head of Marketing

Louisa Carnegy joined Aditum in September 2019 bringing two decades of industry experience. In her previous role, Ms. Carnegy spent 2 years at Rasmala as their Investment Communications Manager and prior to that spent over 11 years at Franklin Templeton in the Institutional Client Service and Sales Support team supporting regional sovereign wealth funds and tier one clients with onboarding, account set ups and ongoing service requirements. Before moving to Dubai, Ms. Carnegy began her career at Goldman Sachs, London, as a Client Analyst in the Private Wealth Management department and then spent 2 years at the Financial Risk Management Ltd, London, (a fund of hedge funds) in their marketing department. Ms. Carnegy holds a BA (hons) in Financial Services from the University of Northumbria, Newcastle-upon-Tyne, United Kingdom.

Manoj Mahadev

Head of Investments

Manoj Mahadev joined Aditum in November 2020 and is a seasoned portfolio manager with over two decades of experience spanning global markets, Mr. Mahadev has held a number of senior positions during his career, recently Senior Dealer in the Treasury division of RAK Bank as well as Head of Marketable Securities at Arab Banking Corporation where he played a major role in the set-up of the DCM business.  He also spent 8 years at Emirates NBD as Head of Trading.

Mir Muntasir

PORTFOLIO MANAGER

Mir Muntasir joined Aditum in June 2023. Mr. Muntasir has been managing investments for almost 8 years within fixed income, private debt, and alternative credit investments.

Prior to joining Aditum, Mr. Muntasir worked with Emirates NBD Asset Management as an analyst in multi-asset and fixed income for 4 years and spent almost 2 years with Abu Dhabi Capital Group managing distressed credit and alternative credit investments. Mr. Muntasir managed the fixed income funds and private credit investments for Daman Investments for 18 months.

Mr. Muntasir holds a MSc. Finance from University of Stirling and a BA Economics & Finance from the University of Nottingham.

Seema Malik

Investment Analyst

Seema Malik joined Aditum in February 2024, bringing with her a background in investments. Prior to joining Aditum, Ms. Malik was part of the investment team that managed a multi-asset portfolio at Abu Dhabi National Insurance Company (ADNIC), where she worked as a Senior Officer in Investment Analysis and Reporting. She has also gained previous experience at the investment advisory firm Globaleye. Ms. Malik holds a bachelor’s degree from Oxford Brookes University and is currently pursuing her master’s degree in Global Banking and Finance from King’s College London. Additionally, she has successfully completed all three levels of the CFA program and is an ACCA affiliate

Manoj Mahadev

Head of Investments

Manoj Mahadev joined Aditum in November 2020 and is a seasoned portfolio manager with over two decades of experience spanning global markets, Mr. Mahadev has held a number of senior positions during his career, recently Senior Dealer in the Treasury division of RAK Bank as well as Head of Marketable Securities at Arab Banking Corporation where he played a major role in the set-up of the DCM business.  He also spent 8 years at Emirates NBD as Head of Trading.

Disclaimer

​​This material is communicated by Aditum Investment Management Limited “Aditum”. This information has been provided in good faith and from sources believed to be reliable, but no guarantee is given as to its accuracy. The opinions expressed in this document are not intended to serve as investment advice or solicitation and should not be used in substitution for the exercise of own judgment. The information, including expression of opinion, has been obtained from or is based upon sources believed to be reliable, fair and not misleading. Any opinion or estimate contained in this material is subject to change without notice.

The information contained in this document does not constitute an investment advice, a recommendation or offer to buy or sell or subscribe to any specific investment and does not have any regard to the specific investment objectives, financial situation or the particular needs of any person and is provided for information purposes only. Potential investors are reminded to seek professional advice before investing. The tax legislation applying to the Fund’s relevant place of domicile may have an impact on the prospective investor’s personal tax position.

Investment involves risk and prospective investors should be aware that investment in the Fund carries a significant degree of risk. Risks involved in any asset class may include, but are not necessarily limited to, market risks, credit risks, currency risk, political risks, geographical and economic risks therefore investment as well as performance would be exposed to variations and the investment may increase or decrease in value. Certain investments may be speculative and considerably more volatile than other investments. Further, changes in applicable laws, regulations, or tax regimes could adversely affect the performance of the fund or its underlying investments.

This document may include figures relating to simulated past performance. Past performance, simulations and performance forecasts are not reliable indicators of future results and are not a guarantee of future returns, meaning investors may get back less than the amount originally invested.

As Aditum may from time to time invest in its managed funds, potential conflicts of interest may arise. They are addressed in a manner consistent with established policies and procedures to manage such conflicts, ensuing fair treatment of all investors. ​

As a general rule, potential investors should only invest in financial products that they are familiar with and understand the risks associated with them. Potential investors should carefully consider their investment experience, financial situation, investment objective, risk tolerance level prior to making the investment. The investment contains specific risks, including asset class where it might be difficult to realize an investment or to obtain information about performance. The investment risk may include the possible loss of the principal amount invested.

​For a full outline on applicable fees, classes of shares please refer to Fund’s latest prospectus, supplement or term sheet accurate as at the date of issue. Further information about the UCITS and Aditum Global Access ICC Ltd Fund Platform (i.e., Prospectus/ Offering Memorandum, KIIDs, periodic reports) can be obtained in English (and in Arabic for the Fund Platform), free of charge at the following address: Dubai International Financial Centre, Gate District Precinct Building 3, Level 5, Unit 510, Dubai, United Arab Emirates and email address: info@aditumim.com. Potential investors must obtain and carefully read the most recent Fund’s KIID, Prospectus, Supplement, Term Sheet, as applicable, prior to making an investment and to assess the suitability, lawfulness and risks involved. Aditum Investment Management Limited will not be held liable for actions taken, or not taken, as a result of the publication of this document.

Dissemination of this information is strictly prohibited and the information is not for distribution for the general public and may not be published, circulated or distributed in whole or part to any person without written consent of Aditum Investment Management Limited and the content remains the property of Aditum Investment Management Limited, a company incorporated in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority. Data source: Aditum, Bloomberg, USD terms, income reinvested, bid to bid, periods as stated.