Term Sheet
Key terms at a glance. Full legal terms are in the Information
Zero
Management Fees
6%
Hurdle Rate p.a.
USD 65K
Minimum Investment
12 M
Lock In Period
Fund Idendity
Fund Name
Assetswise Private Fund
Company Number
LL22000
Jurisdiction
Labuan, Malaysia
Custodian
Silverknows Trust Ltd (LL17321)
Brokerage
Interactive Brokers (IBKR)
Performance verification
IBKR PortfolioAnalyst
Base currency
USD
Accepted currencies
USD or RM
Benchmark
S&P 500
Investor Type
Sophisticated investors only
Financial year end
31 December
Investment Approach
What we invest in
U.S. equities
Approach
Rule-based, fundamental and technical analysis
Investment objective
Outperform S&P 500 over any rolling 3-year period
Fee structure
Annual management fee
None
New investor fee
None
Performance fee
30% of returns above 6% hurdle
Hurdle rate
6% p.a., calculated monthly
High-water mark
Yes — applied always
Equalisation method
Share adjustment
Fee crystallisation
Monthly
Brokerage commissions
Charged as incurred
Example: if annual return = 30%
First 6% (your hurdle)
Remaining 24% above hurdle
Your share (70% of 24%)
Manager's fee (30% of 24%)
Your total return
100% to you
Split 70% / 30%
+16.8%
+7.2%
+22.8%
Subscription
Minimum initial investment
USD 65,000 or RM 250,000
Minimum top-up
USD 2,500
Dealing day
First business day of each month
Pricing basis
At NAV, forward pricing
Valuation point
Close of business on dealing day
Unit rounding
8 decimal places
Joint account
Permitted (up to 2 persons)
Cooling Period
7 days from subscription date. No cancellation after 7 days
Redemption
Lock-in period
12 months from subscription date
After lock-in
Written notice required to redeem
Auto-rollover
Yes — 12 months if no notice given
Minimum redemption amount
tbc
Minimum holding after partial redemption
tbc
Redemption payment
Within 14 days of redemption date
Early redemption
Board approval required
Risk Factors
Market
Prices of securities can go up or down and will directly affect the value of your investment.
Derivatives
The fund uses options strategies which carry different and sometimes greater risk than direct stock holdings.
Currency
The fund is USD-based. Foreign currency fluctuations may affect the value of your investment if you invested in RM.
Liquidity
Redemptions are monthly and not on demand. Early redemption requires board approval.
Concentration
The fund may hold concentrated positions in a small number of stocks.
Manager
Key decisions are made by a single manager. A confirmed successor pipeline is in place.
Successor Plan
Dr Yeoh
Anesthesiologist
Verified track record
Chan CT
Actuary
Verified track record
Successors are trained through the U.S. Options Academy. Each must complete the full programme, return as a coach voluntarily, build a coaching track record, and demonstrate an independent personal trading track record.