The characteristics of the Issuer as an orphan SPV (owned by Charitable Trust Companies) ensures that there is no Issuer risk related to actions by the Issuer or any of its shareholders. Furthermore, all underlying assets of the ALTUS Fund and any rights and benefits resulting from them are secured to the Trustee for the benefit of Noteholders (investors).
The strategy is managed by an appointed Portfolio Manager – PPD Financial. The investment strategy is defined on the Issuance documents according to the Portfolio Manager’s direction. Also, the Portfolio Manager may establish the terms for their Management fee, which is disclosed in the Issuance Documentation.
The ALTUS Fund is serviced by some of the most well-known and top-tier financial institutions in the world, allowing the Manager to concentrate entirely on managing assets and growing the size of their portfolio. Furthermore, Investors in partnerships and limited liability companies are required, in most jurisdictions, to realize capital gains and losses in the year of the transaction. However, when the investor invests in the managed portfolio through the ALTUS Fund the investor will not realize a taxable event until the investment is sold or redeemed.
A hedge strategy is an investment strategy to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a futures or options contract.
ALTUS Fund may be subject to selling restrictions in several jurisdictions. In the United States, the notes fall under Regulation S and cannot be purchased by U.S. persons. Some restrictions apply to investors in the European Union in accordance with the prospectus directive regulation.
ALTUS Fund has been designed for non-U.S. investors. In the United States, they are considered a Reg S security and therefore are subject to special restrictions. We recommend you consult with your legal counsel regarding the Reg S restrictions and always before making any investment decisions.
Once issued, the notes can be transferred between investors. Investors should be aware of any selling restrictions applicable in their jurisdiction.
The minimum investment is US$10,000.00 for the initial investment and US$1,000.00 for subsequent investments. Investors within the European Union might be required to invest a minimum of one-hundred thousand Euros. Other requirements may be present for specific jurisdictions, please contact us for more information on the Altus Fund requirements and restrictions.
There is no secondary market available for the ALTUS Fund, the participations may be issued and redeemed or existing notes may be transferred from one investor to another.
An investor can liquidate the ALTUS Fund in accordance with the terms set forth in the issuing documentation, which include holding the note for a minimum of one year or liquidating the note at specified early withdrawal penalties, as stipulated by the Manager.
Yes. The price of the ALTUS Fund (NAV) is distributed to the investor’s account through ALTUS Fund’s price dissemination partners on a pre-establish regular basis.
ALTUS Fund has a unique ISIN number and Bloomberg page.
No, the management fee is paid directly by the administrative paying agent from the assets held within the note’s underlying account.
The Portfolio Manager gets paid directly by the paying agent from the assets held within the note’s underlying account.
The ALTUS Fund is open by default, it allows for additional increases over the life of such Series. However, the Manager may choose to create a closed Series.
No, the ALTUS Fund is an Exchange Traded Products which is purchased directly from the investor’s brokerage account. There is however a Series Memorandum, which specifies the Conditions of the Notes (terms of investment) as well as identifying Risks and providing information on the transaction Parties and the Series Assets.