How it works
CLONEY Global Investments Limited is an open-ended investment company incorporated in Gibraltar on 9 March 2016 with registered number 114183.
CLONEY Global Investments is a pooled investment fund that is managed by Priomha Global Limited.
Investors will be issued Participation Shares which will be offered during the Initial Offering Period at an issue price of £1,000 per Share. Investors subscribing on each Subscription Date will be issued a separate Series of Participation Shares.
The financial year end of the Fund is 30th June of each fiscal year. The first financial year end of the Fund ends 30th June 2017.
The CLONEY Global Investments fund executes the identical trades as that of Priomha Capital’s CLONEY Multi-sport fund. The trades are executed together ensuring no front-running, counter trading or similar.
The CLONEY Global Investments fund is underpinned by extensive statistical and probability analysis to identify intrinsic value in the individual markets. Much the same as in more traditional financial markets, investments are only made when there is a clear differential in the intrinsic value in any individual selection and that offered by the market(s).
Once the intrinsic value has been identified the decision is made to either “back” the investment (“long position” in financial market parlance) or “lay” it (“short position”). As soon as a trade is “in-the-money” CLONEY Global Investments will look to either fully or partially trade out of its position, thereby securing an immediate profit and reducing its overall exposure. In the event that a market moves against our position a series of stop-loss orders will be executed in order to protect capital and mitigate losses.
The Fund is administered in much the same way as those in traditional financial markets. Extensive portfolio and risk management principles are strictly adhered to with the results independently audited. The Fund will issue monthly reports with regards to net asset valuations of each Series of Participation Shares and the Net Asset Value per Share.
Additionally, investors can view their portfolio position at any time via the secured Investor’s Area.
Net Asset Valuations
The value of the assets and liabilities attributable to each Participation Share, as well as the Net Asset Value per Share and the method of valuation shall be determined by the Administrator. The financial statements of the Fund will be prepared in accordance with International Financial Reporting Standards.
In accordance with the Fund’s Memorandum and Articles of Association, Net Assets Valuations (“NAV(s)”) in respect of Participation Shares will be calculated by the Administrator at the close of business in Gibraltar on each Valuation Day.
The Fund will issue six monthly reports with regards to the NAVs of each Series and per Participation Share, based on the unaudited performance of the Fund.
Annual financial statements will be provided, upon request, six months after the Fund’s financial year-end.