Product Features
Jaguar Australian Leaders Long Short Fund Limited
Only eligible non US investors are allowed to access this page. The following is a summary of certain information set forth more fully elsewhere in the Fund’s Offering Memorandum. This summary should be read in conjunction with such detailed information.
| The Company | Jaguar Australian
Leaders Long Short Fund Limited Is an open-ended mutual fund company
incorporated in Bermuda on 3 January 2003 under company number EC
33154 with limited liability under the provisions of the Act of Bermuda. |
| Share Capital | Participating
Shares are issuable as either Class A or Class B Participating Shares.
Class B Participating Shares exist to allow certain Australian Unit
trusts to comply with regulations requiring distribution of income.
The rights of shareholders holding Class A and Class B Participating
Shares are identical. |
| Minimum Subscription | Applicants should
initially apply for Participating Shares having a minimum subscription
amount of US$100,000. Thereafter the minimum subscription by an existing
shareholder is US$25,000. The Directors may accept subscriptions for
lesser amounts in their absolute discretion but not less than US$100,000
for the initial subscription. |
| Subscription Procedure: | Persons interested
in investing should contact Jaguar Funds to obtain an Offering Memorandum.
Subscription forms should be returned to the Administrator's Agent
at the address listed thereon by fax and the original by mail. |
| Redemptions: | Available monthly
following the acceptance of a valid redemption notice received by
the Administrator's Agent. The Company will repay within 15 Business
Days of the relevant Redemption Day the redemption proceeds to the
redeeming shareholder. |
| Net Asset Value: | The Net Asset
Value per Participating Share is determined by dividing the Net Asset
Value attributable to Participating Shares by the number of outstanding
Participating Shares, with adjustments if applicable |
| Investment Management Fee: | The Investment
Manager, will receive from the Company an Investment Management Fee
equal to 1/12 of 1 percent of the Net Asset Value as at the last Valuation
Day in each month. The Management Fee will be will be accrued monthly
and will be payable monthly in arrears. |
| Performance Fee: | The Investment
Manager will be entitled to receive a Performance Fee from the Company
on Class A Participating Shares. The Performance Fee will be deemed
to accrue on a monthly basis as at each Valuation Day and will be
equal to 20 per cent. The Performance Fee is calculated on a Share
by Share basis which equates precisely with that Share’s performance
and will be charged only to those Participating Shares that have appreciated
in value subject to adjustments and the Peak Net Asset Value per Share
of that Class. |
| Fund Administrator | Citco Fund Services
(Bermuda) Limited has been appointed to act as Administrator, Registrar,
Transfer Agent and Corporate Secretary to the Company. The Administrator
has appointed Citco Fund Services (Australia) Pty Limited as its agent
to carry out functions under the Administrator Agreement. |
| Fund Auditor | KPMG has been
appointed the Company’s Auditor |
| Prime Broker & Custodian | Prime Brokerage & Custodial services are supplied to the company by UBS AG, London
Branch |
| Functional Currency: | The Net Asset
Value per Participating Share of the Company will be calculated in
US dollars. Nevertheless, the bulk of the assets of the Company will
be in Australian dollars. Each shareholder, and not the Company, will
bear the risk of any currency exchange exposure between the Australian
Dollar and the US Dollar (and/or the currency of the jurisdiction
in which such shareholder resides or maintains its net worth. |
