Performance
We are happy to report our Fund Performance in November as follows:
To see the Fund Performance information click here
See www.5mastery.com for more information about our service.
New Milestone
We recorded the 16th month that our High Yield strategy has produced positive monthly results consecutively.
That brings me to the next question: How long do you need to see an automated system that uses Artificial intelligence with Machine Learning to trade currencies perform consistently before you are convinced it works, and you will join? Happy to let you readers know that as many as 7 new investors took the step to join us in November. To these happy customers, we welcome them and thank them for their trust in our system and our business. We also congratulate them. Why? As you will see later, they are the last set of investors that joined the Fund before it is closed to new Investors forever!
Nigeria Fund is now closed to New Investors!
We will no longer accept investors for the Nigeria Fund. The one we have been reporting to you since we started. It is the end of an era. The current investors will continue to enjoy the service and enjoy the trust and leap of faith they took but no new customers will be accepted.
Why? As we have explained many times, here are some of the reasons:
- With an asset under management now about 3M USD, we have hit the limit allowed by Nigeria SEC for Funds before they are registered as public mutual funds. For the records, the maximum is 1Billion Naira. We are not a mutual fund since it will mean we will be serving everyone in the public. That is not our mission and hence we need to stop accepting investors to enable us to remain compliant.
- Relating to reason 1 above, we cannot keep going as Nigeria has no regulatory framework for Hedge Funds. That is where we belong.
Our response is to move to a country that has the framework to protect our investors and us. Welcome to the British Virgin Islands.
As reported last month, we have secured a Regulatory license to operate in this country and that is where we now focus our efforts.
Ellington 5Mastery Ltd Opened bank A/C with BMO Harris Bank
We are happy to report that after a marathon of procedures and checks, BMO Harris bank has now accepted us as a client. This gives us access to a Canadian & US Bank for our Fund.
The opportunity for our investors is exciting. They have the regulatory and tax advantage of a BVI-based fund coupled with the financial stability and access to a bank in the USA – the world’s largest economy. For us, it is a testament to our drive for transparency, solid regulatory structure, and partnering with the best service providers in the industry. This takes our count to 3 big service providers behind us, namely: Deloitte as our auditors, NAV Consulting as our Fund Administrators, and now BMO Harris as our Bank and as our Fund Custodian and Bankers.
This is the bank Investors will send their deposits when they invest with Ellington 5Mastery. Here is their website: www.bmoharris.com
We are live on Bloomberg!
Our Fund, Ellington 5Mastery Ltd, the BVI regulated fund scored another milestone last month when it was admitted and registered with Bloomberg. Our BVI Fund has been successfully listed on Bloomberg. The ticker symbol is ELL5MST VI
What does this mean for us? Well, several things, some of them are:
- It helps us to prove our validity to potential investors. So, if someone says, “is it a genuine company/Fund?” You can easily answer – Yes. They are even on Bloomberg. This is their Ticker Symbol.
- We are beginning to play with the big boys. It means that you can access our fund’s performance in a Bloomberg Terminal and get the latest information such as fund structure, Fund Mgr, Asset Class, performance, etc.
- We have passed another validation by another third party – Bloomberg. That is positive.
FAQs
- Are we now ready to start a business in the BVI Fund? Answer = Yes. We already started.
- Do we have any investors already invested in the fund? Answer = Yes. We have 2 that started in November 2021. Must are following up and rushing to fill their joining forms.
- What are the requirements? Answer: Minimum investment of 100K USD
- What if I don’t have 100K USD to start? Answer: You cannot invest with us. However, if you attend the next webinar, you will find out how others have been able to invest without having 100K. Come to the webinar and find out how.
- Is the minimum investment likely to go up in the future? Yes. Once we reach 5M USD Asset under Management, it is likely to go up to 200K USD.
- Is there a difference between how the current Nigeria Fund is managed compared to the BVI Fund? Answer = Yes. Nigeria is managed as individual accounts, BVI is managed as a pool of funds in line with the regulatory structure. For more differences – come to the next webinar.
Register for the Next Webinar
Topic: Why & How you can Invest in Ellington BVI Fund
Attend Morning Session – 9 AM Netherlands time
Attend Afternoon Session – 10 PM Netherlands time
Note: It is the same meeting ID and passcode for the two sessions: Meeting ID: 883 658 1722 Passcode: 253213
You can always Talk to Us
We are just one email away. You can email us to schedule an appointment to talk about your investment goals/challenges/raising your initial funds etc. We are always here to help. Our goal is to help the middle class grow SMALL Capital to BIG investment. This opportunity will not last for long.
Till Next Month
Ellington 5Mastery Team