Symbol
LOCH
Fund Type
Open ended fund
Min. Subscription
USD 500,000 or its equivalent in CHF . Additional Subscriptions: CHF 50,000
Currency
CHF
Fund Manager
UCAP Bahamas Limited
Administrator
The Winterbotham Trust Company Limited
Security ID
N/A
Listing Types
Primary Listing on BISX
Valuation Date
30/06/2021
NAV
111.71
Bid
111.71
Offer
111.71
Yield
N/A
YTD
0.0000
Category
1,500,000 non-voting, redeemable, participating shares of CHF 0.01 par value
Fund Details
The Investment Objective of the Company is to seek long term capital appreciation, through investments made by the Company primarily in loans to Cirdore Trading S.A. (“Cirdore”), a company incorporated in Uruguay that purchases consumer credits from microfinance companies. It is anticipated that all or a large percentage of the credits will be purchased by Cirdore from Microfinanzas de Uruguay S.A. (“Microfin”), a company located in Montevideo, Uruguay and licensed by the Central Bank of Uruguay as a Credit Administrator. The Fund shall not purchase credits directly or have any sort of claim on credits. The Fund shall grant loans to Cirdore, that shall in turn invest the loan proceeds in the purchases of credits from Microfin.