IBIUNA HEDGE FIC FIM

Monthly report
Regulation
Objective

Ibiuna Hedge FIC FIM is a mid-vol global macro hedge fund. The key strategy of the macro portfolio management team is understanding and taking advantage of monetary policy cycles in Brazil and worldwide, taking positions in rates, currencies, equities or commodities.

Target audience

Investors in general that seek long term superior returns and understand the risks within the strategies implemented by the management team.

Features
Status

Open
Inception date

10/29/2010
Benchmark

CDI

Administration fee

2% p.a

Performance fee

20% over CDI
Initial investment

BRL 5.000
Additional investment

BRL 1.000
Minimum movement

BRL 1.000
Minimum balance

BRL 5.000
Subscription

T+0
Redemption

T+30
Settlement

1º day after the redemption NAV
Subscription and redemption orders

Daily, up to 3 pm
Manager

Ibiuna Macro Gestão de Recursos Ltda.

Administrator

BEM – Distribuidora de Títutlos e Valores Mobiliários
Custodian

Banco Bradesco S.A.
Auditor

PricewaterhouseCoopers
Early exit clause

The fund has an early exit clause with a 5% penalty. If exercised, the redemption will be converted in T+3 and settled in T+4. The 5% penalty fee will be charged over the redeemed amount.