Pedra Negra Classe de Investimento em Ações – Responsabilidade Limitada
Investment Goals
The objective of the Class is to deliver long-term real appreciation of its shares by investing at least 95% of its net assets in Dynamo Cougar Master Financial Investment Fund (“Master Class”), which is likewise administered and managed by the Administrator, in compliance with applicable legal and regulatory limitations.
A Classe Master, por sua vez, investirá no mínimo, 67% de seu patrimônio líquido em ativos financeiros e/ou modalidades operacionais de renda variável que tenham como principal fator de risco a variação de preços de ações admitidas à negociação no mercado à vista de bolsa de valores ou entidade do mercado de balcão organizado, observadas as limitações legais e regulamentares em vigor. O percentual residual poderá ser aplicado em quaisquer ativos financeiros e/ou modalidades operacionais permitidas pela regulamentação.
* Veja descrição detalhada no regulamento.
Investment Policy
The Class will seek to invest at least 95% of its net assets in units of the investment class of the Dynamo Cougar Master Financial Investment Fund, registered under CNPJ No. 37.916.879/0001-26, also administered and managed by DYNAMO (“Master Class”).
The Master Class, in turn, will invest at least 67% of its net assets in financial assets and/or variable-income instruments whose primary risk factor is the price fluctuation of shares admitted to trading on the cash market of a stock exchange or organized over-the-counter market entity, subject to applicable legal and regulatory limits. The remaining percentage may be invested in any financial assets and/or instruments permitted by regulation.
See detailed description in the Bylaw.
Target Public
The Class is intended for certain qualified investors, as defined in the applicable regulations in force and specified in the Class’s annex.
Key Risk Factors
Due to the high concentration of the Class’s investments in the Master Class, the Class’s risk factors are predominantly the same as those of the Master Class. Among the principal risk factors of the Class are:
- Capital Loss Risk: The investment strategies employed by the Class and the Master Class may result in significant capital losses for their unitholders, including the total loss of invested capital.
- Market Risk: Fluctuations in the prices and quotations of assets may negatively impact the net asset value of the Class and the Master Class.
- Liquidity Risk: A reduction in demand for the Master Class’s assets may prevent the Class from efficiently meeting its obligations and lead to significant losses when trading those assets.
- Concentration Risk: The portfolios of the Class and the Master Class may be concentrated in assets from a small number of issuers, which can increase exposure to issuer-specific risks and cause volatility in unit prices.
- Derivatives Risk: The use of derivative strategies as an integral part of the investment policy may result in significant capital losses for unitholders of the Master Class and, consequently, for unitholders of the Class.
- Credit Risk: The Class and the Master Class are exposed to the risk of default by counterparties and issuers of the assets, which may result in loss of income and invested capital. Changes in the financial, economic, or political conditions of issuers may significantly affect asset prices and liquidity.
For a comprehensive assessment, we recommend reading the fund’s Bylaw, where detailed information is available.
