IBIUNA LONG BIASED FIC FIM

Monthly report
Fund bylaws
Fund objective

Ibiuna Long Biased FIC FIM is a total return equities hedge fund. The main goal of the equities portfolio management team is to identify opportunities in stocks of Brazilian companies through fundamental analysis and active net exposure management.

Suited for

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

Fund details
Status

Open
Inception date

05/20/2013
Benchmark

IMA-B

Administration fee

2% (p.a)

Performance fee

20% over IMA-B

Initial investment

BRL 1.000
Additional investment

BRL 100
Minimum movement

BRL 1.000
Minimum balance

BRL 1.000
Subscription

T+1
Redemption

T+30
Settlement

2º day after the redemption NAV
Subscription and redemption orders

Daily, up to 3 pm
Manager

Ibiuna Ações 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+1 and settled in T+3. The 5% penalty fee will be charged over the redeemed amount.