What you need to know about us 

EICO 1 is a sub-fund of EICO FUND SICAV PLC., a Maltese professional Investor Fund, for qualifying investors, an absolute return fund, multi-strategy

Specialized in relative value strategies on Option, structured product and bonds that aim to beat the inflation rate in the most constant and strongest way possible, guaranteeing customers a real rate of growth of their assets.

Every day we imagine that from the day after starts a nightmare market, because only being prepared for the worst you can manage it.

This innovative approach allows us to tackle even the worst market scenarios, while guaranteeing our customers what was promised within the time horizon indicated.

EICO 1 has a specific investment approach, slender, able to adapt to changing market conditions, with a management always looking for new opportunities and strategies. Supported by a unique and cutting-edge technological infrastructure and, with extremely low and transparent costs

Our structure is wholly based in Malta and has the best Maltese professionals. The daily trading almost completely automated through our algorithms but supported by our Maltese portfolio managers who follow and intervene when needed.

EICO FUND SICAV PLC has an advanced technologic infrastructure built with geographically distributed servers, fast lines, and proprietary software that supports all the activities of the fund managers, from the choice of the investment to the risk monitoring.

Fund Denomination: EURO

Frequency of dealing: Monthly

No fees for subscription and redemption

Our Team

Eugenio Allora Abbondi (Funder, Director, Investment committee member)

Although he did not have a diploma in economics or finance but was driven by a great passion for the sector, in the beginning of 2000 he began his career in this sector as an insurance consultant for the ING group, obtaining the title of financial promoter in 2002. Thanks to his great passion that led him to devote himself to an in-depth study of financial instruments and market dynamics, he understands how much of what management companies offered to clients was far from their expectations.

He thus devotes himself both to the search for ineffective tools and markets where his efficiency could extract an important value and an alternative way to offer these services to customers.

From 2004 until December 2014, thanks to the support and trust of some

important investors, he became one of the very first, if not the first, independent financial consultants. At the time, this was still unregulated, and only it is only in recent years that has the

market been recognized as a figure of absolute quality.

In 2006 he obtained the EFPA certification, a European financial advisor and in 2008 he obtained the highest certification for EFPA, the EFP, European financial planner.

Thanks to this innovative vision in which there was no longer a product to be sold, but the consulting and professional quality, Allora Abbondi manages to get excellent results that bring the few, but important investors who had supported from the beginning to trust under his advice the substantial part of their financial assets.

Aware of the great responsibility due to the entrustment of his investors, Allora Abbondi continues to work looking to the future, studying new tools and designing new approaches to the market. Since 2010 he has understood the importance of technological support in the role of analysis, study and development that of approach to the markets.

In 2015 he shared with his customers the need to structure a vehicle that is better able to support its strategies, optimizing costs and operations. Following a careful and meticulous evaluation of all possible alternatives, Allora Abbondi found, in Malta, the European legislation that guarantees safety and reliability combined with right competencies, services and costs and decidedly more competitive than other law.

He then promoted the establishment of EICO Funds Sicav plc, a professional investor fund under Maltese law, with the first EICO 1 compartment which commenced operations in July 2015.

Since then, he has been a member of the board of directors and the commissioning deed, occupying both roles without receiving any compensation.

Since then he has been a member of the board of directors and the commissioning deed, both roles play them without receiving any compensation.

 

Frank Chetcuti Dimech (Director, Money laundering reporting officer and compliance officer)

Frank Chetcuti Dimech is a lawyer by profession graduating from the University of Malta in 1993. He spent six years as compliance manager with Bank of Valletta plc having responsibility for compliance in the investment services activities of the bank and its subsidiaries including Valletta Fund Management and BOV Stockbrokers. He returned to private practice in 2001 and since then has focused on financial services with an emphasis on providing compliance, AML and directorship services to Maltese collective investment schemes and fund managers as well as advising on such structures. Today his client portfolio spans across several firms that have a combined asset under management of over Eur 1 billion. He also holds a Masters in Investment Services from the University of Malta and an Investment Advice Certificate from the Securities Institute.

 

Keith Huber (Director, Investment committee member)

Keith Huber graduated from the University of York with an MSc with distinction in Finance. He currently heads the risk function at Markham Rae LLP, a London based hedge fund, and is the risk officer for an AIFM. He started his career at the Central Bank of Malta as an economist in 2006 and moved on to occupy high-level risk management roles in banking. He joined MeDirect Bank plc in 2010 and headed the risk architecture team until 2015. During this time, Keith was a member of the Bank’s ALCO. He lectured on topics in financial derivatives and risk management at the University of Malta between 2009 and 2016.

 

Steven Tedesco (Investment committee member)

Mr Steven Tedesco is a Chartered Fellow of the Chartered Institute for Securities & Investment. He started his career in 1995 and served as Director, Deputy Head and Chief Investment Officer (2000-2009) at HSBC Global Asset Management (Malta) Limited where the assets under management exceeded EUR 1 billion. He also engineered and designed various capital protected investment structures eventually introducing in Malta the concept of wrapping such structures round Medium-Term Notes and engineering the first ever local, hedge fund linked, full capital protected, structure sold in Malta. Mr Tedesco now runs his own consultancy business, where he serves as non- executive

director and independent investment committee member in licensed entities operating in the alternative fund and asset management industry. He also provides consultancy services, including an independent valuation of derivatives locally. Mr Tedesco lectures and delivers talks on various capital markets linked topics and overall portfolio management. Amongst others, he is the Chairman of the largest retail AIF in Malta, the HSBC Malta Funds SICAV plc, and a Director of and the Chairman of the Audit Committee of the Malta Stock Exchange.

 

Software maintenance and development

The software is continuously improved and optimized, and is monitored 24x7 to always ensure business continuity. The fund relies on the support of two consultants with many years of experience in the field of information technology applied to finance.

 

Fabio Griglio (IT consultant)

He began his career in 1999 in the field of information technology for logistics and not long after, in 2000, began his adventure in the financial world., He spent 8 years working with Banca Sella, where he contributed to the birth and development of one of the first trading platforms in Italy and specialized in the development and optimization of software for interconnections with the exchanges. In 2008, together with a former colleague (Sergio Gregori), he founded SG Financial S.r.l., a small company highly specialised in providing software for trading, and offered his expertise to brokers, proprietary trading companies, banks and insurance companies, acquiring extensive experience in the realisation of complex calculation engines and high-frequency trading systems. He boasts of having developed the software for the connection and trading for more than 20 exchanges or brokers. In 2013 Griglio contributed fundamentally to the construction of

the IT infrastructure of Audacity Capital DMCC, a proprietary trading firm based in Dubai, and specialized in market making on currency and commodities futures, realising the core software for the market making. Since 2015 Griglio has been fully committed to the development of EICO IT.

Investment Approach 

EICO 1 has in its objectives a unique fixed point: protecting the capital, beating inflation, as constantly as possible

Based on the vision of the investment committee on the market, the strategies are modelled to the specific conditions and volatility of the market and used to maintain a low-risk profile with low volatility, while at the same time trying to extract the maximum return from the markets.

The driver of our investment choices is our forecast portfolio minimum peak, it derives from our worst market and volatility scenario forecast generated from our powerful IT system using historical and fundamental data through a statistical, quantitative, technical and fundamental analysis from the previous 18 years.

By respecting this parameter, we work to always achieve the best possible performance

This innovative approach allows us to tackle even the worst market scenarios, while guaranteeing our customers what was promised within the time horizon indicated.

Our investment choices can fall back on more than four million financial instruments, including options, structured products, bonds, stocks, commodities, currencies, real estate funds, ETFs, ETC, in about 30 countries covering all five continents and having direct or indirect access to over 20 international markets and sub-markets.
This great possibility involves a great job but generates excellent opportunities. EICO 1 has the objective of shaping an extremely flexible portfolio able to model itself to markets, thanks to a continuous study and analysis of new financial instruments, markets, approaches and strategies.

We manage almost all financial products using our proprietary software and taking real-time prices and news. Thanks to our systems which are based on proprietary logic, we can analyze all the financial products on an ongoing basis, thus giving us the possibility of an almost unique investment awareness of the market.

 

EXEMPLIFICATION OF THE INVESTMENT PROCESS

Generation WORST scenario forecast

A proprietary algorithm that daily, through a statistical, quantitative, technical and fundamental analysis both on current and historical data, generates the forecast of the worst scenario both for the underlying and for the relative implied volatility.

Options analysis and generation of our annual Risk-Return

For each option and strategy of options, the maximum loss is calculated in the case of the WORST scenario, including trading commissions. The annual risk-return is then calculated, the indicator that allows us to choose only the best.

Model portfolio

Our powerful software continuously evaluates compliance with the portfolio's risk parameters and the possibility of optimizing the risk / return indicator, suggesting any operations to be carried out.

The purchase and sale of options takes place through automatic quotation, in 90% of the cases we sell and buy options being hit and not going to hit, thus saving/earning the spread bis/ask, this allows us to greatly optimize the relationship risk/return of our operations.

The Fund or the Company are prohibited from taking any additional remuneration other than the Management Fee and the Performance Fee

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Nothing within this website constitutes an invitation or offer to buy or sell or offer any investment, nor is it intended to provide a basis on which to make an investment decision or a personal recommendation. The price and value of the investments may fluctuate, past performance is not a guide to future performance and future returns are not guaranteed.
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In many countries the investment funds mentioned in this part of the webpage are subject to restrictions in relation to publication and access via the Internet, marketing, offering and/or selling. Reference is made to the respective prospectus for any details, however, it is the obligation of each person to inform herself about such restrictions and to obey them. Such persons, being subject to any restrictions shall not access this part of the webpage. In relation to a particular investment fund, all current versions of all documents in relation to such investment fund shall be considered. All further or additional reservations in such documents apply.

 

Definition of Qualified Investor as per Art. 10 CISA :

Paragraph 3

Regulated financial intermediaries such as banks, securities traders, fund management companies and asset managers of collective investment schemes, as well as central banks;
regulated insurance institutions;
public entities and retirement benefits institutions with professional treasury operations;
companies with professional treasury operations;
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Paragraph 3bis

High-net-worth individuals may declare in writing that they wish to be deemed
qualified investors. In addition, the Federal Council may make such persons’ suitability as qualified investors dependent on certain conditions, specifically technical qualifications

Paragraph 3ter

Investors who have concluded a written discretionary management agreement as defined in Article 3 Paragraph 2b and c are deemed qualified investors

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