We are an Australian regulated company, however investment is open to anyone (except residents of the USA, Canada, Hong Kong and Japan) who qualifies as a Wholesale Investor as defined by the Australian Corporations Act 2001. To qualify the investor (an individual, company or a trust) either:
Each strategy has a minimum unit size which is shown on the FH Blender page of our website. These minimums are necessary to ensure our strategies can trade listed futures and options contracts (which have various fixed sizes depending upon the instrument) within your managed account. It is not possible to trade fractional amounts of these contracts, hence your account needs to be a minimum size. Whilst you are free to invest in only one strategy, we recommend a blend of at least three strategies to diversify and smooth out volatility of returns.
You can see the past returns and other statistics of each strategy or a custom blend of the strategies using the FH Blender.
FHIM recommends that you seek financial advice to assist you select an optimal or suitable blend. Our CIO favours a blend (or multiples thereof) with past track record that has a high ratio of annual return to maximum drawdown. This blend loads by default when you access the FH Blender.
Firstly, navigate to the FH Blender page on the FHIM website, select a blend of the FHIM strategies that you wish to invest in and select the Save symbol at the top of the page. You will be asked to assign a name for your chosen blend and it will now appear in My Blends on the left-hand side menu. Underneath your chosen blend, select Apply Online which will begin the short online application. Once FHIM has received your completed application, the account opening process will be initiated with Interactive Brokers in your name and you will receive an email from them with an Advisor Client Invitation.
We will get in touch with you to provide assistance with your Interactive Brokers application.
Accounts are always in your own name. All money is held by Interactive Brokers and cannot be withdrawn by FHIM at any time. FHIM only have permission to execute trades within your Interactive Brokers account(s) as your chosen Trading Agent.
Interactive Brokers has a large balance sheet and many controls in place to protect against losses. For information about Interactive Brokers Account Protection visit https://www.interactivebrokers.com.au/en/index.php?f=2334&p=fin
For each strategy you will be charged a 1% annual Management Fee (plus GST if applicable) of the Net Liquidation Value of your account. This is applied monthly and withdrawn automatically on the last day of the month. You will also be automatically charged a 20% Performance Fee (plus GST if applicable) of the mark-to-market quarterly profit of each strategy (on the last day of March, June, September and December) but you will only be charged this if the Net Liquidation Value of the account is above the High-Water Mark (the highest quarter-end peak reached in Net Liquidation Value of your account). Please note this Performance fee applies to each strategy, so there may be a situation where one of your strategies has lost more than another has gained but you will still be charged 20% of profits on the profitable strategy. FHIM have to claw back any previous Monthly Management Fees taken before any new Performance Fees can be generated.
You will be able to log-in to your Interactive Brokers account(s) to view the current Net Liquidation Value of each account. FHIM also have a Live Strategy Tracker on this website where you can see the Daily, Monthly and Year To Date performance of each strategy in real-time.
Yes, you can elect to change your blend at any time. Firstly, navigate to the FH Blender page on our website, select a new Blend of our strategies that you would like to change to and save it. Then when you click on My Blends in the left-hand side of the page there is a SWITCH button underneath the new blend. When you select this, FHIM will receive notification of your proposed Switch and after confirmation we will initiate the switching process. It will not be immediate as trading positions need to be unwound and initiated.
Send an email to [email protected] and we will respond in short time. If you are having technical problems with your Interactive Brokers account(s) they have a 24-hour helpdesk, contact details are on their website https://www.interactivebrokers.com.au/en/home.php
Email [email protected] and we will contact you quickly to arrange this.
You can always find the current value of your account(s) and generate statements when you log-in to Interactive Brokers at https://gdcdyn.interactivebrokers.com/sso/Login Remember, you will have one account for each of the strategies you are invested in. The performance figures on the Live Strategy Tracker in this website may not exactly match the performance of your account(s) due to timing of initiating trades when you open an account and due to the inability to split listed derivatives contracts into fractions. For example, a strategy might trade 50 futures contracts on behalf of all the investors in that strategy which then gets split by percentage between accounts, smaller accounts might not be allocated anything if their percentage allocation is below 2% of the total.
When you complete the Interactive Brokers account application FHIM will clone your account so that you have an account for each strategy you have chosen in your blend. You will then be asked to fund each account as per the amount you have chosen to invest. Once your account(s) are funded FHIM will begin to initiate trades on your behalf as your Trading Agent.
By default, you are asked to choose a single currency. However, if you wish to have various currencies for different strategies in your selected blend then please email [email protected]
Once you give us notice that you wish to close the account we will begin liquidating the trades which normally takes three business day but no longer than five business days. Once this has been done we will notify you and you will then be able to log-in to Account Settings in your Interactive Brokers account(s) to withdraw the funds and close the account(s).