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Technical
Informations |
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Date
of Inception: 09/01/1993 |
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Minimum
Investment:
R$100.000,00 |
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Minimum
Additional Investment and Redemption:
R$5.000,00 |
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Investment
NAV:
NAV of the
following business day of the investment. |
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Redemption NAV:
NAV of the 12th day after the redemption request. Proceeds available in 3 business days after the NAV. |
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Custodian:
Deutsche Bank
S.A. |
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Auditors:
PriceWaterHouseCoopers |
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Registrar
and Transfer Agent:
Deutsche
Bank S.A. |
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Management
Fee:
2% a.a. |
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Performance
Fee:
15% of returns exceeding benchmark of IGPM + 6% a.a. |
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Exit
Fee:
3% if the
redemption occurs up to 90 days from the subscription. |
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Income Tax:
15% for brazilian investors and 10% for foreign investors incorporated in non tax heaven |
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Adjustment
of Performance Fee:
Each
investment may be charged an individual adjustment of performance fee
if the subscription price is lower than the preceeding highest NAV.
This adjustment is equal to a percentage of the individual gain during
the period in which the fund was not directly charged a performance
fee. |
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Dynamo
Cougar
Dynamo
Cougar Fundo de Investimentos em Ações
is our original fund, established in September 1993.
Dynamo Cougar is one of Brazil’s largest equity funds, and its shareholders are both individual persons and institutional investors. Throughout our twelve years of operations, the amount managed and the number of clients have grown almost "naturally", mostly due to recommendations from the investors themselves, endorsed by our history of performance.
The average turnover of Dynamo Cougar porftolio, thereby reflecting the adequacy of our client basis in relation to our investment strategy. Although the Fund’s short-term returns have been quite outstanding, Dynamo Cougar is chiefly target for investors interested in medium and long-term profitability. Officially, the Fund is allowed for qualified investors, according to the requirements of CVM (Brazilian Securities Commission) Instruction 409/04.
Dynamo Cougar has recorded levels of performance well above all market index as well as other equity funds. Its compound annual return in US dollar since inception in September 1993 through June 2006, was 35.4% per year, while IBOVESPA earned 11.4% for the period, the FGV-100, 18.4%.
It is worth noting that the Dynamo Cougar outperformance in relation to other market indices has occurred in the majority of the calendar years of the Fund's existence. We recommend that readers use the Interactive Performance tool on the site to make their own comparative analyses.
Moreover,
it is not only the final result that counts, but also the way
in which it was obtained. Surprising as it may seem, behind
this higher profitability lies a reduced risk, although this
is not necessarily a pre-established objective of our
investment policy. The fact remains that, since its inception,
Dynamo Cougar has earned several times more than
IBOVESPA with an average 50% lower volatility rate per year.
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