The Fund is organized as a Delaware statutory trust and registered under the Investment Company Act of 1940. The Adviser believes that this structure provides the optimal means for investors to access an investment universe that has previously been reserved for some of the largest institutional investors in the world.The Fund’s investment objective is to create a diversified portfolio of hedge fund strategies that generates attractive risk-adjusted returns relative to traditional asset classes and that generates a return stream that is not highly correlated to equity market performance.In order to attempt to achieve its investment objective, the Adviser invests the Fund’s assets in a variety of professionally managed Portfolio Funds that employ a variety of strategies including equity long/short, credit long/short, distressed credit, merger arbitrage, discretionary macro, event driven, structured credit arbitrage, statistical arbitrage and multi-strategy. The fund cannot guarantee that its investment objective will be achieved or that its investment program will be successful.
Per the prospectus dated August 28, 2024, the Fund’s shares gross expense ratio was 15.04%. The expense ratio includes the acquired fund fees and expenses, inclusive of performance fees. The Adviser has contractually agreed to waive its management fee and/or reimburse expenses to the extent necessary to ensure that the total annual Fund operating expenses attributable to the Institutional Shares will not exceed 1.25% (after fee waivers and/or expense reimbursements, and exclusive of taxes, interest, portfolio transaction expenses, acquired fund fees and expenses and extraordinary expenses not incurred in the ordinary course of the Fund’s business). Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three (3) years following the date such reimbursement or reduction was made if such recoupment does not cause current expenses to exceed the expense limit for Institutional Shares in effect at the time the expenses were paid/waived. These arrangements will continue until August 31, 2025 and may be terminated at any time by the Board. No such termination will affect the obligation (including the amount of the obligation) of the Fund to repay amounts of waived fees and/or reimbursed expenses with respect to periods prior to such termination; provided that no reimbursement of expenses will occur more than three (3) years following the date such reimbursement or reduction was made. The Adviser has contractually agreed to waive all management fees until April 30, 2026. The management fee waiver is in addition to the Expense Limitation Agreement described above. The management fee wavier is not subject to recoupment.
| Fund Details | |
| Strategy | Multi-Strategy Fund of Hedge Funds |
| Adviser | Homrich Berg Wealth Management, LLC |
| Fund Structure | Registered Investment Company (“RIC”) |
| Registered under the 1933 and 1940 acts | |
| Subscriptions | Monthly |
| Redemptions | Quarterly with 45 days notice via tender offer at the discretion of the Board of Trustees |
| Minimum Investment | $25,000 |
| Tax Reporting | Form 1099 |
| Management Fee | 0.75% |
| Eligible Investors | Accredited Investors |