OFFERINGS
-0.18 Uncorrelated Directive
Britannica Capital has consistently maintained a negative correlation to broader markets
—delivering pure, uncorrelated alpha through advanced quantitative strategies.
Offerings
Britannica Capital Fund (BCF)
Management Fees 1%
Incentive Fees 10%
Max upside capped at 8%, net of fees.
Lock-Up 1 year, Annual thereafter
Minimum investment US$1,000,000.
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Britannica Capital Preferred (BCP)
Management Fees: 0%
5% Preferred Return 70% of excess returns to manager, 30% to investor.
Duration: 4-7 years
Minimum Investment: US$250,000.
Investors should carefully review all disclosures and risk factors. Past performance is not indicative of future results.
THE PRODUCTS
How does the financing investor make money?
IT'S ISSUER RECEIVES INCOME FROM THE FOLLOWING SOURCES
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Any trading or investments profits;
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Any interest collected from lending to affiliates;
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Any interest collected on deposited funds or receivables;
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Any rent collected on assets owned (e.g., in the case of real property acquired);
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Any net sale proceeds in excess of the basis on the disposition of any assets.
FOCUS ON CONSISTENT RETURNS
Stress testing, correlation testing and back testing VaR. Adjusting VAR measure with liquidity, event and other risks focusing on fat tail events.
Forecasting volatility using models adjusted with Britannica views.
Sensitivity reports pertaining to changes in interest rates, duration and exposures to ‘Greeks.’
Measuring inflation expectations and liquidity shifts.
Macroeconomic modeling of currency movements.
Distributions
Cash distributions are automatically reinvested through our Dividend Reinvestment Program; however, you may choose to opt-out of the reinvestment program at any time to receive the distributions in cash.
Transparent Fee Structure
No load or redemption fees. No fees are charged for cash in the Fund that is not invested. No management or performance fees for debt and preferred products. Low (half the industry average) fees for LP product.
Share of Upside, Return locked in
Investors get to lock their returns for between 4 or 7 years, with returns starting from day one of investment. In certain instances, downside protection is provided by Britannica - please refer to disclosures for details.
Portfolio Construction
Portfolio Construction & Risk Management
Market Neutrality: We maintain minimal net exposure to market direction, adjusting our positions frequently to stay neutral.
Dynamic Hedging: Utilizing proprietary algorithms, we continuously monitor and adjust our portfolios to manage risk effectively.
Liquidity Focus: Our strategies are primarily executed in highly liquid markets, ensuring flexibility and efficient capital deployment.
Documentation: Written risk management policy.
Asset Allocation & Diversification
Primary Markets: Focus on major U.S. equity indices such as S&P 500, Dow Jones Industrial Average, and Nasdaq 100.
Selective Exposure: Limited positions in individual blue-chip stocks, constituting a small percentage of the portfolio.
Diversification: Opportunistic involvement in other asset classes where premiums justify the associated risks.
Real-Time Adjustments: Employ automated systems to monitor and adjust positions in real-time, ensuring alignment with market movements and volatility shifts.
Size and Duration: Positions are sized conservatively, with individual exposures kept minimal. The majority of our positions have short to medium-term durations, aligning with our liquidity and risk management objectives.
Index Focus: Concentrate more on highly liquid indices to minimize idiosyncratic risk.
Continuous Monitoring: Positions are evaluated regularly, with adjustments made as market conditions evolve to maintain our desired risk profile.
