Fund A Closed. Target met. Net value increaed from $50,000 (1-Sep-08) to $100,470 (9-Jan-09) in about 4 months (target was 12 months). Congrates.Kept 20% commission (i.e. $10K) on the $50K profit made. Returned $90K to investors. All investors requested to continue to stay invested. So will open a new Fund D with an initial investment of $100,000 (starting 10-Jan-09).
This is an Absolute Target Fund which has very specific target by Profit Amount and/or Time. This fund will be closed once the targeted Profit or Time has been reached.
Targeted fund to close within 12 months or upon achieving 100% profit whichever occur first.
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