PXC Advisors Dynamic Return (Offshore Feeder) Fund

1 September 2026

Absolute return global long/short strategy focused on identifying mispricing arising from business or industry inflection points through fundamental bottom-up research

To achieve strong, positive, risk-adjusted returns over the long term

To deliver a net return of at least 10% p.a. to investors over the long term (5–7 years)

To identify companies where market expectations differ from our assessment of future earnings, with a particular focus on opportunities arising from significant business or industry inflection points

Global, focused on liquid stocks in developed and emerging markets

Absolute Return strategy

5+ years

Typically, 30–60 positions across longs and shorts

• Long: Typically, 2–10%
• Short: Typically, 1–3%

• Maximum net exposure: 1.5x
• Maximum gross exposure: 3.0x
• Typical net long: 30–100%
• Typical gross: 100–200%

20.0%, above high watermark.