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TradeFlow Capital

Open-ended fund

CEMP — USD Trade Flow Fund SP

Launched May 2018

Cayman Segregated Portfolio investing in pre-booked, USD-denominated, physical commodity trade finance transactions. 90-day maximum tenor.

For accredited and institutional investors only.

Strategy

Our flagship fund, live since May 2018. The CEMP USD Trade Flow Fund SP gives investors all the diversification benefits of the trade-finance asset class plus further diversification away from private credit, structured around principal ownership and control of the underlying physical asset.

It offers a low risk profile, fixed-income style return, and 90-day liquidity. An independent September 2018 study quantified the equivalent risk of loss as AA on the S&P scale.

The strategy is a non-credit, non-lending, asset-backed approach to bulk commodity trade. Each trade is structured as a back-to-back purchase from a supplier and onward sale to an end-buyer at fixed prices, with prepayment fees from the end-buyer providing a price-risk buffer modelled on financial-market clearing-house mechanics.

Fund specifications

Structure
Cayman Segregated Portfolio, Open Ended Fund Structure
Type of assets
The Segregated Portfolio allocates its assets into pre-booked physical commodity backed trade finance transactions which are denominated in US Dollars with a maximum tenor of 90 days.
Investment advisor
TradeFlow Capital Management Pte Ltd
Capital Square, Level 07
23 Church Street
Singapore 049481
Management fee
1.5% per annum
Performance fee
Subject to the High Water Mark, the Investment Advisor is entitled to a performance fee equal to 15% of the Net New Appreciation as of the end of each calendar month.
Hurdle rate
3-month USD reference rate
Target return
Target net return for investors is +5% p.a. over the 3-month USD reference rate.
Redemption
Redemption of shares available on the first business day of each calendar quarter (30 days notice).
Investment terms
Monthly investment available on the first business day of each month.
Minimum investment
Initial minimum investment per shareholder USD 1,000,000 (or its equivalent in any currency), and then in blocks of USD 100,000.
Fiscal year
1 January to 31 December
Custodian
Bolero International Limited, Hersham Place Technology Park, Walton-on-Thames, United Kingdom
Fund administrator
Apex Fund Services (Dubai) Ltd., Gate Village, Dubai International Financial Centre, Dubai
Auditors
Deloitte & Touche, One Capital Place, Grand Cayman KY-1109, Cayman Islands
Legal advisors
Walkers (Dubai) LLP, Fifth Floor, Exchange Building, Dubai International Financial Centre, Dubai
ISIN / CUSIP
ISIN: KYG1988M6375
CUSIP: G1988M 637
Identifiers
Reuters: LP68581861
Bloomberg: USDTFUS KY Equity DES
EurekaHedge: EH58784
Morningstar: F0000139HK

The investment funds operated by TradeFlow Capital Management Pte Ltd are available only to accredited investors and institutional investors. This website is general in nature and is for information purposes only. It is not a solicitation, offer or recommendation of any security, investment management or advisory services. It does not constitute investment, tax or legal advice.

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