Advisory Firm
Neumann Advisory Hong Kong Limited (“NAHKL” or the “Firm”) is a company domiciled
in Hong Kong, Special Administrative Region, incorporated on February 11, 2015. The Firm
acts as the investment adviser and provides investment advisory services to private investment
funds. The Firm is 100% owned by Neumann Advisors (“NA Cayman”), which in turn is
100% owned by Neumann Group Limited (“NGL BVI”), which is wholly owned and
controlled by the founder, Fei Zhang (“Mr. Zhang”).
Mr. Zhang serves as director, substantial shareholder, chief executive officer and chief
investment officer of the Firm. He also serves as a director and substantial shareholder of NA
Cayman and NGL BVI.
The Firm acts as the investment manager of Neumann Capital, an exempted company
incorporated with limited liability company under the laws of the Cayman Islands (the “Master
Fund”) and of its Non-U.S Feeder Fund, Neumann Capital Feeder A, and U.S. Feeder Fund,
Neumann Capital Feeder B, both of which are also an exempted company incorporated with
limited liability company under the laws of the Cayman Islands (both the “Feeder Funds”, and
together with the Master Fund, the “Fund”). The Firm provides discretionary investment
advisory services to the Fund in its capacity as the investment adviser of the Fund. Mr. Zhang
serves as the director of the Fund.
No registration statement has been or will be filed with the U.S. Securities and Exchange
Commission (the “SEC”) or any state securities authority with respect to any offering of the
Fund. The Shares have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “1933 Act”) or the securities laws of any of the states of the
United States. Furthermore, the Fund has not been and will not be registered under the United
States Investment Company Act of 1940, as amended (the “1940 Act”) since Shares will only
be sold to US Persons who meet the status of “qualified purchasers”, as defined in the 1940
Act. Each subscriber for Shares that is a US Person will be required to certify that it is an
“accredited investor” and a “qualified purchaser”, in each case as defined under applicable US
federal securities laws, thereby also qualifying as a “qualified eligible person”
as defined in Rule
4.7 under the United States Commodity Exchange Act, as amended (the “CEA”).
Types of Services Offered
The principal activity of the Firm is to provide discretionary investment management services
including investment advisory services, focusing on investments globally across a range of asset
classes with no limits to any geographical area or industry sector, but will invest primarily in
listed equities. The Firm may also invest in unlisted equities, including late-stage private
investments and private investments in public equities, on an ancillary basis.
The Firm provides investment advisory services to the Fund based on specific investment
objectives and strategies. The Fund’s offering documents (as amended and supplemented from
time to time) set forth the investment guidelines and/or the types of investments in which the
assets of the Fund may invest. Together with its affiliates, the Firm also provides investment
advisory services to separately managed accounts (“SMAs”).
Ability to Tailor Services and Impose Restrictions
The investment objectives and strategy for the Fund are described in the Fund’s offering
documents. The Firm provides investment management and advisory services to the Fund,
pursuant to the Investment Management Agreement, based on the specific investment
objectives and strategies of the Fund and does not provide services individually to investors in
the Fund (the “Investors”). Since the Firm does not provide tailored advice to the Investors,
the Investors should consider whether the Fund’s investment strategies are in line with their
risk tolerances. The Fund may from time to time enter into side letter agreements or other
similar agreements (“Side Letters”) providing Investors with additional and/or different rights
and benefits.
Wrap Fee Programs
The Firm does not participate, sponsor or act as a portfolio manager for any wrap fee
programs.
Client Assets
As of December 31, 2023, the Firm had approximately US$ 452,387,454.63 regulatory assets
under management, all of which it manages on a discretionary basis.
The performance of the Fund and SMAs are reported, fees are calculated, and all subscriptions
and redemptions are transacted, in US dollars (US$).