𝐀𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐫, 𝐨𝐮𝐫 𝐯𝐢𝐬𝐢𝐨𝐧 𝐢𝐬 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐭𝐫𝐚𝐝𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐭 𝐚𝐧𝐝 𝐚𝐝𝐡𝐞𝐫𝐞𝐬 𝐭𝐨 𝐢𝐭𝐬 𝐜𝐨𝐫𝐞 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝐨𝐟 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐨𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭, 𝐭𝐨 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐚 𝐡𝐢𝐠𝐡-𝐲𝐢𝐞𝐥𝐝𝐢𝐧𝐠 𝐫𝐞𝐭𝐮𝐫𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐮𝐧𝐜𝐨𝐫𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐨𝐭𝐡𝐞𝐫 𝐦𝐚𝐣𝐨𝐫 𝐚𝐬𝐬𝐞𝐭 𝐜𝐥𝐚𝐬𝐬𝐞𝐬.The strategy invests in collateralized, short-dated trade finance transactions. Our aim is to maintain control and ownership of the collateral throughout each back-to-back trade to significantly reduce default risk.The short duration of each underlying transaction means that the strategy will experience high volumes of cash flows on a monthly basis. Although this may lead to a “cash drag” in some months, it allows the strategy to crystalize returns regularly as well as to meet liquidity requirements as mandated.In promising 90-day liquidity, operations are our core focus to ensure deals liquidate as planned. We currently employ one operations member per USD 15m AuM, which ensures sufficient control, monitoring, and tracking of overall live deals.