After the publication of the January 2018 NAV on April 12th, I’m pleased to be able to release the February 2018 NAV a little more quickly than has been the case recently. I trust this is a sign of a faster turn around with the NAV being issued more promptly in future and I confirm that we are working with Alter Domus to make this a reality. However, please don’t forget that a substantial amount of work is involved in calculating the monthly NAV of the
Equity Power Fund. EPF is not a fund that simply holds quoted assets with daily liquidity, and hence the NAV is always going to take longer to verify compared to the NAV of those funds holding assets who have their price quoted daily .
Concerning the fund it self. I am pleased that the fund continues to receive substantial support in 2018 and is experiencing a satisfying level of new subscriptions each month.
Finally I welcome the appointment of a new director Antonis Anastasiou who is replacing Luc Leleux who has resigned to take up a new exciting challenge. We thank Luc for his services and wish him success with his new venture.
Antonis joined the board in February 2018 and is the Managing Director who is responsible for the day-to-day management. He brings more than ten years of experience in the Super Manco field where he previously held various operational and portfolio management positions focusing on alternative asset classes as well as listed investments and he has been instrumental in the set- up of 3 Super ManCos in Luxembourg. Antonis has a Bachelor’s Degree in Business Administration from the University of London. He was also awarded a Master’s Degree from the CASS Business School in London.