The Hirschmann Partnership (the “Fund”) aims to outperform US and global equities over the long-term while earning attractive tax-efficient absolute returns. The Fund's terms are based on Warren Buffett's 1960s investment partnerships
The Fund typically invests in undervalued equities after performing rigorous fundamental analysis. Generally no shorts or leverage
No management fee. Only a performance allocation above a cumulative hurdle rate. For Class A, the performance allocation is 25% of the profit above a 6% hurdle rate. For Class B, it is 33% of the profit above the S&P 500 return
Expenses charged to the Fund are brokerage, audit, tax preparation and third-party bookkeeping. As of 6/30/2017, annual operating expenses were ~0.20% of assets. Brian’s overhead (e.g., salary, rent and research costs) is not charged to the Fund
Additions / Withdrawls
Subscriptions are allowed on the first of every month. Redemptions are allowed on December 31 with 60 days notice
Only accredited investors and qualified clients will be admitted as limited partners to the Hirschmann Partnership (the “Fund”). For natural persons, investors must meet SEC requirements including minimum annual income or net worth thresholds. The Fund is being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933 and is not required to comply with specific disclosure requirements that apply to registration under the Securities Act. The SEC has not given its approval to the Fund, the offering terms or the accuracy or completeness of any offering materials. A registration statement has not been filed for the Fund with the SEC. Limited partner interests in the Fund are subject to legal restrictions on transfer and resale. Investors should not assume they will be able to resell their securities. Investing in securities involves risk. Investors should be able to bear the loss of their investment. Investments in the Fund are not subject to the protections of the Investment Company Act of 1940. Performance data represents past performance, and past performance does not guarantee future results. Performance data is subject to revision following each monthly reconciliation and annual audit. Current performance may be lower or higher than the performance data presented. The Fund is not required by law to follow any standard methodology when calculating and representing performance data. The performance of the Fund may not be directly comparable to the performance of other private or registered funds. Investors may obtain the most current performance data and confidential offering memorandum for the Fund by sending a request via email to email@example.com. See the confidential offering memorandum for the Fund for complete information and risk factors.