Liquidity funds
Pentad Fund
Pentad Fund offers a flexible cash fund either with or without a credit card where underlying assets include quoted and unquoted debt instruments, mortgage debentures and collateralised debt instruments. The fund has two open liquidity classes:
Pentad Sovereign Liquidity A Class and
Pentad Sovereign Liquidity B Class.
Key facts
| Fund launch date: |
9th December 2003 |
| Domicile: |
Cayman Islands |
| Dealing date: |
Monthly on 1st |
| Year-end: |
February 28th |
| Currency available: |
EUR, GBP, USD |
| Minimum investment: |
$50,000 or currency equivalent |
| Redemption notice: |
None |
| Auditors: |
BDO Tortuga |
| Fund manager: |
Centurion Fund Managers Ltd. (authorised by the Cayman Islands Monetary Authority) |
| Fund investment advisor: |
Centurion Portfolio Managers Ltd (authorised and regulated by the Financial Services Authority (UK)) |
| Fund administrator: |
Centurion Administration Services Limited (Mauritius) (Authorised by the Financial Services Commission) |
| Custodian bank: |
Fairbairn Private Bank (IOM) Ltd. |
Sovereign Liquidity A
This class provides a comparable rate of return to that offered by an international bank on a US Dollar, Euro or Sterling current account. A credit card facility is linked to the Sovereign Liquidity A Class investment account to allow a flexible cash withdrawal option.
Sovereign Liquidity B
This class provides a comparable rate of return to that offered by international current accounts. This is achieved by investing in redeemable preference shares of companies, whose assets shall consist of bank deposits, debt instruments – both quoted and unquoted, mortgage debentures, and collateralised debt instruments. Such debt instruments may be in the form of a Special Purpose Vehicle (SPV) to optimise the reduction of withholding taxes.