The Rudolf Wolff Income Fund (Bermuda)
Rudolf Wolff Income Fund Limited (the “Fund”) was incorporated in Bermuda as an exempted company on 26 February 2008 and is regulated and authorised by the Bermuda Monetary Authority (the “BMA”) as a Standard Fund within the meaning of the Investment Funds Act 2006 of Bermuda.
The majority of assets of the Fund are currently invested through a ‘master-feeder’ structure in Rudolf Wolff Global Income Fund* (the ‘Master Fund’).
The objective is to satisfy those investors looking for stable annual income with underlying capital appreciation from a regulated Fund and are seeking higher income than is currently available from traditional deposits.
The Rudolf Wolff Income Fund Limited aims to deliver a gross income (ex-capital appreciation), of 7% annually, either paid in semi-annual instalments* or reinvested in the Master Fund at investors’ discretion.
The Master Fund invests in a diversified pool of high-yielding corporate bonds and preference shares issued in the main by listed large-cap institutions, and asset-backed securities. All the Master Fund Fund's investments are listed on at least one major exchange.
The Fund has two classes of participating interests denominated in Sterling, two classes of participating interests denominated in EUR, two classes of participating interests denominated in US Dollars and two classes of participating interests denominated in JPY for which investors may subscribe.
*Accumulation Class C Series 2 Shares do not pay distributions
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Rudolf Wolff Income Fund Documents
This information is not directed to retail investors and such investors should not rely on or act upon it.
The Rudolf Wolff Income Fund Limited company registration number in Bermuda is 41512. The Fund is a mutual fund within the meaning of section 156 A of the Companies Act 1981 of Bermuda and its objects, as set out in paragraph 6 of the Fund’s Memorandum of Association, are unrestricted.
The Fund is an unregulated collective investment scheme for the purposes of the Financial Services and Markets Act 2000 (“FSMA”). The Promotion of the Fund and the communication of the offering Memorandum in the United Kingdom is therefore restricted by law and the rules of the Financial Conduct Authority (“Fca”). Accordingly the Offering Memorandum is must only be communicated in the United Kingdom to persons specified under Fca rules, specifically Cobs 4.12 such as “eligible counterparties” or “professional clients” or who are otherwise of a category to whom the Fund may be promoted by an authorised person by virtue of an exemption to section 238 of FSMA (collectively, “permitted recipients”).
*The Rudolf Wolff Global Income Fund (the “Master Fund”), is a sub-fund of RW Multi-Strategy UCITS ICAV (the “ICAV”), The ICAV was registered as an Irish collective asset-management vehicle by the Central Bank of Ireland (CBI) on 8 March 2016 constituted as an umbrella fund with segregated liability between sub-funds and authorised by the Central Bank of Ireland as an undertaking for collective investment in transferable securities (“UCITS”) pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securable Securities) Regulations 2011 (as amended) (the “Regulations”). The Management Company of the ICAV is Carne Global Fund Managers (Ireland) Limited, regulated by the CBI, and manages the ICAV on a cross border basis. The Investment Manager of the Sub Fund is Rudolf Wolff Limited and is also the Fund’s Global Distributor and UK Facilities Agent, authorised and regulated by the UK Financial Conduct Authority FRN: 468022. The Fund is recognised by the UK Financial Conduct Authority pursuant to a marketing passport under the Regulations and therefore may be promoted in the UK.