Product Features
Jaguar Australian Leaders Long Short Fund Limited
Only US accredited investors are allowed access to this page. The following is a summary of certain information set forth more fully elsewhere in the Offering Memorandum of Jaguar Australian Leaders Long Short Fund Limited. The Offering is a Private Offering available only to Accredited Investors as that term is defined pursuant to the Securities Act of 1933, as amended and the rules and regulations promulgated there under. 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. |
| The Offering Memorandum | The Offering Memorandum as issued by Jaguar Australian Leaders Long Short Fund Limited is an Information Memorandum and a Supplemental Disclosure Statement dated 30th January 2003 which represents a Private Offering of Class A Participating shares. |
| Share Capital | Participating Shares are issuable as Class A Participating Share The rights of shareholders holding different classes of 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. |
Past performance is no indication of future results.
