Arminius Capital Advisory ("ACA") provides a global macro perspective when assessing investment strategies, with a "capital preservation" mandate. ACA performs valuations across all asset classes; global equities, foreign exchange, commodities and bonds via fundamental and econometric methodology. The principals of ACA have worked in the US, Europe and Australia for consulting firms, investment banks, wealth managers and funds. Experience comes from wealth management (research and strategy) and direct funds management roles with portfolios in excess of AUD$11bn, operating across all asset classes. They combine their practical experience in financial markets with a rigorous theoretical approach so as to provide their clients with investment design and risk management services tailored to their individual needs.

Marcel von Pfyffer is the Strategist & CIO - Managing Director. He is responsible for the tactical & strategic asset allocation of investments by using econometric systems to model various asset classes and financial instruments. He has been involved in financial markets since 1996, having held roles including Director of Global Macro Strategy and Equities Strategist with firms such as Banco Santander and Goldman Sachs.

Neill Colledge is the Equities & Strategy Director and has extensive expertise in securities with more than 37 years of using quantitative and qualitative methods to assess companies and industries, in both stockbroking and funds management. He successfully managed an Australian equities fund for Queensland Investment Corporation of up to $11 billion, which outperformed the benchmark S&P/ASX 200 accumulation index over eight years and in seven out of eight years individually. In 2004 Neill took the role of CEO of QIC's Biocapital funds, where he successfully took the $100m portfolio to a fully invested position.

The PKF Arminius Core Fund aims to achieve positive annual returns with lower volatility and lower risk than concentrated single market/asset class exposure. The fund provides investors with exposure to all asset classes in the global macro universe. The methodology utilises a combination of fundamental, momentum and quantitative inputs. As an absolute return fund, the objective is to preserve the capital base across every 12 month rolling period.

Arminius uses econometric modelling based on macro-economic indicators alongside fundamentals pertinent to each individual instrument within each asset class. Momentum is taken into account only once the fundamental value of each instrument has been ascertained.

The quantitative analysis provides valuations of all instruments (on a daily basis), in turn generating buy/sell signals from a combination of fair value indicators and momentum drivers. The quantitative nature of the system also provides for definitive stop loss levels to be maintained. Low volatility and risk management is complemented by frequent re-balancing and equal weighting according to what each hedging sub-strategy dictates. The Fund may implicitly incur leveraged positions through its use of derivatives and may invest in currencies other than Australian Dollars.