Net Asset Value

1 Real‑time Modeled performance of the Unicorn Pairs Fund, LP is measured by Net Asset Value (NAV) which is net of all fees, is 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.
2 S&P 500 return is determined after dividends and the calculation method used for NAV performance is NAV % = (NAVending - NAVStarting) / NAVStarting
3 Credit Suisse Hedge Fund Index is compiled by Credit Suisse Hedge Index LLC. The Index tracks approximately 9,000 funds and consists only of funds with a minimum of US$50 million under management, a 12-month track record, and audited financial statements. The index is calculated and rebalanced on a monthly basis, and reflects performance net of all hedge fund component performance fees and expenses.
The calculation method used for NAV performance is : NAV % = (NAVending - NAVStarting) / NAVStarting
4 The Barclay Equity Long/Short Index reports monthly and annual results for 100 funds.
The calculation method used for NAV performance is NAV % = ∑ (NAV * (1 + RORmonthly))

 
Net-of-fees Return Net Asset Value Management Fee Performance Fee
Inception
(9/19/2013)		 90.17% 220.46 7.74 22.54
2013 13.37% 117.49 0.78 3.34
2014 22.30% 130.49 2.61 5.58
2015 19.25% 126.60 3.53 4.81
2016 11.09% 115.60 1.73 2.77
2017
As of 12/31/2018		 -1.74% 98.26 0 0

 
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 -0.50 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

 
Disclaimer
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.