Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
2017 | 0.65 | -0.59 | 0.09 | 1.14 | -0.64 | -1.70 | -0.16 | -0.34 | 0.22 | -0.36 | 0.03 | -0.08 | -1.74 |
2016 | 0.27 | 2.64 | 1.17 | 0.70 | 1.88 | 0.35 | 1.94 | 0.55 | 2.87 | 0.81 | -1.04 | -0.5 | 11.09 |
2015 | 4.42 | 2.89 | 1.67 | 1.50 | 1.41 | 1.40 | 4.40 | 1.43 | 0.14 | 2.57 | 1.15 | 1.03 | 19.25 |
2014 | 9.02 | 2.69 | 1.48 | -0.63 | 1.13 | -0.22 | -0.22 | 3.70 | 0.29 | 5.81 | 1.50 | 3.32 | 22.30 |
2013 | - | - | - | - | - | - | - | - | 1.22 | 13.65 | 0.23 | 1.62 | 13.37 |
Unicorn Pairs Fund (“Fund”) is operating under the rule of 506(c) and is governed by the Security Exchange Commission (SEC). By operating under this rule, it enables the fund to publicly solicit accredited investors by taking reasonable steps to verify the purchaser's accreditation status. The real-time modeled performance was achieved through active paper-trading with an assumption of one-million-dollar asset under management (AUM). The results are calculated based on daily, monthly and annually performance since inception September 19, 2013.
The Fund trades both long and short positions in the US mega, large and mid Cap. stocks and American Depositary Receipts (ADRs). Performance of the model of the Fund is measured by Net Asset Value (NAV) which is net of all fees, unaudited, and may include the use of estimates. Individual results will vary based on the timing of an investment and past performance is no guarantee of future results and there is a possibility of loss. All fees are annualized using a High Water Mark and a Graduated 10% Hurdle Rate. Below the Hurdle Rate, only a 0.5% management fee is charged. For returns above the Hurdle Rate, an additional 1.5% management fee and a 20% performance fee over the Hurdle Rate are charged. The modeled results are based only on capital appreciation from equity long/short style trades. The results do not include dividend reinvestment or any other form of cash flow and are taxed as ordinary income. All trades have a risk/reward objective of at least 2.5 to 1 and each full position risks no more than 2% of assets. There will be times when market conditions may alter these objectives. Since the inception of the model our trading of the methodology has become more precise. |
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LEGAL DOCUMENTS | |
OFFERING DOCUMENTS ![]() ![]() ![]() ![]() |
TEARSHEETS |
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REGULATORY FILINGS |
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SEED CAPITAL | |
The general partner of Unicorn Pairs Fund, Unicorn Capital Partners, LLC, is offering a minimum 5% guaranteed return for one year with a one-year lock-up on the first $100,000 seed capital the Fund receives. The purpose of this offering is to eliminate the risks of investing in a startup fund with an unaudited track record.
The general partner has reserved $20,000 against the 5% guaranteed return. When the Fund lost 5% or more of the seed capital, the general partner will use the $20,000 reserved to pay the seed investors the 5% guaranteed return ($5,000) and the losses of 5% or more ($5,000 or more). The Fund would have to lose greater than 15% before exhausting the $20,000 reserved, upon which the general partner would make up the losses. |
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FEE CALCULATION: Graduated 10% Hurdle Rate ("gR") |
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Monthly Management Fee = (0.5% / 12) x Monthly Ending Balance
During the year, on the last day of the month, Unicorn Capital Partners charges 0.042% management fee on the ending balance of each partner's capital account(s). |
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Management Fee = 2% x gR x Ending Balance - Monthly Management Fee
On the last day of the fiscal year, or on a withdrawal or redemption, Unicorn Capital Partners charges a management fee based on the Graduated 10% Hurdle Rate less the monthly management fees already charged. If the management fee is less than the monthly management Fees already charged, we will return the difference. |
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Performance Fee = 20% x gR x (Performance - Highwatermark - Management Fee)
On the last day of the fiscal year, or on a withdrawal or redemption, Unicorn Capital Partners charges a performance fee based on the Graduated 10% Hurdle Rate attributed to each partner's performance minus high water mark and management fee. |
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Fee Strcture - the Graduated 10% Hurdle Rate ensures that our interests are aligned with our partners by charging fees based only on performance.
The Graduated 10% Hurdle Rate ("gR") is derived from a limited function that scales from 0% to 100% when annualized Performance is between 0% - 10%.
To calculate fees, this "gR" is applied to the 2% management fee and 20% performance fee. For example, an annualized performance below 0%, no fees are charged, for an annualized performance between 0% and 10%, only a portion of management and performance fees are charged, and for annualized performance greater than 10%, the full 2% management fee and 20% performance fees fees are charged. |
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Date | Source | Title |
07/07/2016 |
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Press Release for Unicorn Capital Partners, LLC |
12/23/2015 | ![]() |
Bridgewater, Pershing Tiptoe on JOBS Act Sales Exemption |
11/16/2015 |
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Press Release for Unicorn Pairs Fund |
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PORTFOLIO MANAGER | ||
George Wang (LinkedIn)
Unicorn Pairs Fund, LP
Portfolio Manager
(845)-443-5700 |
George "Yue" Wang began his career at Unicorn Capital Partners, LLC as an apprentice in 2013. Throughout years of working and study, George honed his skilss in both quantitative and fundamental analysis and is highly capable of analyzing the market through both means. In addition, he has also become a skillful portfolio management with deep knowledge and understanding of money management and risk management. Currently, George is working with Peter to develop the fund's proprietary trading platform and aiming to use Artificial Intelligence to further better the fund's performance.
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