The Hal United Capital Fund is a boutique fund utilizing computerized strategy to capture market opportunity and aiming to generate abnormal return to its investors. The fund operates with a quarterly subscription, distribution and redemption window. The 1-year lock-up period is applied with the initial investment only with the purpose of sustainable cash management

The objective of the Hal United Capital Fund is to generate return above 10 year Australia bond yield plus 2.5% by investing securities and derivatives. The fund manager charges 1.35% per annual of the Fund's gross value in arrears as the management fees and up to 50% of the return above 10 year Australia bond yield plus 2.5% under high watermark method as the performance fees

The Fund primarily invests in securities and derivatives both long and short direction combining with cash management including but not limited to Notes, Bill and other Fix income assets.

No, The fund does not charge any other fees.

You must qualify as a Wholesale Investor as defined in section 761G or a Sophisticated Investor as defined in section 761GA of the Corporations Act 2001. You will qualify as a wholesale investor if you invest more than AU$500,000. You can also qualify as a wholesale investor if you have a certificate from a qualified accountant stating the following: had a gross income for each of the last 2 financial years of at least AU$250,000 a year or has net assets of at least AU$2.5 million. Contact us for a sample accountant's certificate. After qualifying as a wholesale investor, the initial minimum investment amount for Class A units is AU$50,000.

You could fill in a paper-based application form. After receiving your application, we will request ID / Proof of Address documents from you per our duty to adopt and maintain an anti-money laundering and counter-terrorism financing ('AML/CTF') program. After passing the identification check, please transfer your investment funds to the custodian bank address listed on the application form, at least 5 business days prior to closed date. If you need any assistance during the application process, please feel free to contact us at any time.

Income distributions will be paid quarterly, and the return of capital will be made at maturity. Payment will be made via EFT to your nominated bank account. You will be sent a statement detailing your income distributions and how it was paid to you.

Yes, a reinvestment option is available for all distributions. This election can be made during the initial application process or subsequently modified by submitting a Change of Details Form. Please note that reinvestments will take effect commencing from the next distribution period. Please be kindly aware that our advice is general advice, we still recommend you to consult your own financial advisor before making investment decisions.

Partial redemptions are permitted under certain conditions. To initiate a partial redemption, please specify the exact amount you wish to redeem in the Redemption Request Form. For further clarification or assistance, kindly contact your Fund Manager.

The high watermark is a feature commonly used in hedge fund fee structures to ensure that fund managers are compensated fairly for positive performance and to protect investors from being charged multiple performance fees for recovering past losses.
This is how it works:

- Definition: The high watermark is the highest value that a fund has achieved in terms of its net asset value (NAV) or another performance benchmark.

- Implications for Fees: If the fund's value falls below the high watermark, the manager must bring the value back above this level before earning additional performance fees.

[Example]

- Initial Value: A fund starts with a NAV of $1,000.

- Growth: The NAV grows to $1,200, and the manager earns performance fees based on the $200 gain.

- Decline: The NAV drops to $900.

- Recovery: The NAV rises to $1,100.

The manager does not earn performance fees because the fund has not surpassed its high watermark of $1,200.

- Further Growth: When the NAV exceeds $1,200, performance fees are calculated only on the gains above that level.

[Purpose]

- Investor Protection: Ensures managers are incentivized to recover losses before earning additional performance fees.

- Fairness: Prevents double-dipping on fees during recovery periods.

This structure aligns the interests of fund managers with investors, encouraging sustained positive performance.