FUND SUMMARY INFORMATION MODELED NET RETURNS 2
Unicorn Pairs Fund, LP is an open-end private 506(c) hedge fund. The Fund buys and sells stocks simultaneously across different industries and sectors using a proprietary pairing coefficient. The Fund focuses on US stocks with at least $3 billion market capitalization ("Mid-cap") and American Depositary Receipts ("ADRs"). Strategy:
Instruments:
Positions:
Capital Per Position:
Risk Per Position:
Total Risk Exposure:
Holding Periods:

Annualized Return:1
Standard Deviation:
Sharpe Ratio:
Pairs Trading
US. Stocks and ADRs
0-5 Pairs
20% AUM
2% AUM
0-10% AUM
0-3 months

18.12%
8.75%
2.04
1 Annualized results based on monthly net returns
Unicorn Pairs Fund, LP (the "Fund") is operating under the rule of 506(c) and is governed by the Security Exchange Commission (SEC). By operating under this rule, it enables the fund to publicly solicit accredited investors by taking reasonable steps to verify the purchaser's accreditation status. The real-time modeled performance was achieved through active paper-trading with an assumption of one-million-dollar asset under management (AUM). The results are calculated based on daily, monthly and annually performance since inception September 19, 2013.

The Fund trades both long and short positions in the US Mega and large Cap. stocks and American Depositary Receipts (ADRs). Performance of the model of the Fund is measured by Net Asset Value (NAV) which is net of all fees, unaudited, and may include the use of estimates. Individual results will vary based on the timing of an investment and past performance is no guarantee of future results and there is a possibility of loss.

All fees are annualized using a High Water Mark and a Graduated 10% Hurdle Rate. Below the Hurdle Rate, only a 0.5% management fee is charged. For returns above the Hurdle Rate, an additional 1.5% management fee and a 20% performance fee over the Hurdle Rate are charged.

The modeled results are based only on capital appreciation from equity long/short style trades. The results do not include dividend reinvestment or any other form of cash flow and are taxed as ordinary income. All trades have a risk/reward objective of at least 2.5 to 1 and each full position risks no more than 2% of assets. There will be times when market conditions may alter these objectives. Since the inception of the model our trading of the methodology has become more precise.


 
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2017 0.65 -0.59 0.09 1.14 -0.64 -1.70 -0.16 -0.34 0.22 -0.36 0.03 -0.08 -1.74
2016 0.27 2.64 1.17 0.70 1.88 0.35 1.94 0.55 2.87 0.81 -1.04 -0.5 11.09
2015 4.42 2.89 1.67 1.50 1.41 1.40 4.40 1.43 0.14 2.57 1.15 1.03 19.25
2014 9.02 2.69 1.48 -0.63 1.13 -0.22 -0.22 3.70 0.29 5.81 1.50 3.32 22.30
2013 - - - - - - - - 1.22 13.65 0.23 1.62 13.37
Unicorn Pairs Fund (“Fund”) is operating under the rule of 506(c) and is governed by the Security Exchange Commission (SEC). By operating under this rule, it enables the fund to publicly solicit accredited investors by taking reasonable steps to verify the purchaser's accreditation status. The real-time modeled performance was achieved through active paper-trading with an assumption of one-million-dollar asset under management (AUM). The results are calculated based on daily, monthly and annually performance since inception September 19, 2013.

The Fund trades both long and short positions in the US mega, large and mid Cap. stocks and American Depositary Receipts (ADRs). Performance of the model of the Fund is measured by Net Asset Value (NAV) which is net of all fees, unaudited, and may include the use of estimates. Individual results will vary based on the timing of an investment and past performance is no guarantee of future results and there is a possibility of loss.

All fees are annualized using a High Water Mark and a Graduated 10% Hurdle Rate. Below the Hurdle Rate, only a 0.5% management fee is charged. For returns above the Hurdle Rate, an additional 1.5% management fee and a 20% performance fee over the Hurdle Rate are charged.

The modeled results are based only on capital appreciation from equity long/short style trades. The results do not include dividend reinvestment or any other form of cash flow and are taxed as ordinary income. All trades have a risk/reward objective of at least 2.5 to 1 and each full position risks no more than 2% of assets. There will be times when market conditions may alter these objectives. Since the inception of the model our trading of the methodology has become more precise.


 
LEGAL DOCUMENTS

OFFERING DOCUMENTS
Subscription Terms
Private Placement Memorandum
Limited Partnership Agreement
Investor Subscription Agreement

TEARSHEETS
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016

 
REGULATORY  FILINGS

Securities and Exchange Commission Form D

 
UNICORN AI DEMO
To improve our performance and make unbiased, unemotional decisions, we developed our own trading platform using Artificial Intelligence (AI). Using our AI, we can detect patterns, trends and channels of all given charts, including stocks, futures, options, commodities, etc.

To launch the demo application, simply click the “Download” button below to download and launch it on your computer. Please assure a steady internet connection to see live price and news updates through this demo application. All updates are real-time.

This demo offers a glimpse into our AI technology and the future of our operation in trading and management. We welcome all constructive feedback.


Buttons
Button Name Function
  • Select the channel by clicking (left/primary-button) on either the support or resistance line, information will be shown on the info table, which is on top of the chart.
  • Unselect the channel by clicking (right/secondary-button) on either the support or resistance line.
  • Click (right/secondary-button) on any part of the chart, user will be able to perform 'Standard Drawing' again.
  • Use the button located on top of the chart to manipulate the Bollinger Band.
  • Click the 'X' button on top of the chart to close Bollinger Band.

Drawings and Shortcut Keys
Name
(shortcut key)
Function
Standard Drawing
(Null)
  • Press (left/primary-button) at any points of the chart to create a starting point, extend the line by dragging the mouse while pressing, release the left-button to complete drawing.
  • Upon completing drawing, select/press(left/primary-button) the line to drag, press/drag the yellow circle on either side of the line to extend/shrink the line.
  • Click right/secondary on the drawn line to unselect the line.
  • Select any drawn line to obtain information from the info table, which is on top of the chart.
  • Delete a line by selecting the line and press delete key on the keyboard.
  • Copy a line by selecting the line and press Ctrl-V key on the keyboard.
Manual Trendline
(Ctrl + T)
  • Upon pressing shortcut key, user needs to determine the starting point of the trendline by clicking (left/primary-button) a point on the chart.
  • Upon completion of the drawing, users can refer to 'Standard Drawing' to manipulate the trendline.
 
SEED CAPITAL
The general partner of Unicorn Pairs Fund, Unicorn Capital Partners, LLC, is offering a minimum 5% guaranteed return for one year with a one-year lock-up on the first $100,000 seed capital the Fund receives. The purpose of this offering is to eliminate the risks of investing in a startup fund with an unaudited track record.

The general partner has reserved $20,000 against the 5% guaranteed return. When the Fund lost 5% or more of the seed capital, the general partner will use the $20,000 reserved to pay the seed investors the 5% guaranteed return ($5,000) and the losses of 5% or more ($5,000 or more). The Fund would have to lose greater than 15% before exhausting the $20,000 reserved, upon which the general partner would make up the losses.

$100,000 Seed Capital
Unicorn Capital Partners is raising $100,000 seed capital from ten seed investors for Unicorn Pairs Fund by guaranteeing a minimum 5% return for one year. The seed investment from each investor is $10,000. We make this offering because we need to raise seed capital for the Fund and this method allows us to leverage our collateral 5:1.

Similar to a Convertible Debt Deal
Although this offer is not a convertible debt deal, the 5% guaranteed return should be thought of as the coupon payment and the investment thought of as the principal.

 
FEE CALCULATION: Graduated 10% Hurdle Rate ("gR")

Monthly Management Fee = (0.5% / 12) x Monthly Ending Balance
During the year, on the last day of the month, Unicorn Capital Partners charges 0.042% management fee on the ending balance of each partner's capital account(s).
Management Fee = 2% x gR x Ending Balance - Monthly Management Fee
On the last day of the fiscal year, or on a withdrawal or redemption, Unicorn Capital Partners charges a management fee based on the Graduated 10% Hurdle Rate less the monthly management fees already charged. If the management fee is less than the monthly management Fees already charged, we will return the difference.
Performance Fee = 20% x gR x (Performance - Highwatermark - Management Fee)
On the last day of the fiscal year, or on a withdrawal or redemption, Unicorn Capital Partners charges a performance fee based on the Graduated 10% Hurdle Rate attributed to each partner's performance minus high water mark and management fee.
Fee Strcture - the Graduated 10% Hurdle Rate ensures that our interests are aligned with our partners by charging fees based only on performance. The Graduated 10% Hurdle Rate ("gR") is derived from a limited function that scales from 0% to 100% when annualized Performance is between 0% - 10%.

To calculate fees, this "gR" is applied to the 2% management fee and 20% performance fee. For example, an annualized performance below 0%, no fees are charged, for an annualized performance between 0% and 10%, only a portion of management and performance fees are charged, and for annualized performance greater than 10%, the full 2% management fee and 20% performance fees fees are charged.

 
Date Source Title
07/07/2016 Press Release for Unicorn Capital Partners, LLC
12/23/2015 Bridgewater, Pershing Tiptoe on JOBS Act Sales Exemption
11/16/2015 Press Release for Unicorn Pairs Fund
 
PORTFOLIO MANAGER
George Wang (LinkedIn)

Unicorn Pairs Fund, LP

Portfolio Manager


george.wang@unicornfunds.com

(845)-443-5700

George "Yue" Wang began his career at Unicorn Capital Partners, LLC as an apprentice in 2013. Throughout years of working and study, George honed his skilss in both quantitative and fundamental analysis and is highly capable of analyzing the market through both means. In addition, he has also become a skillful portfolio management with deep knowledge and understanding of money management and risk management. Currently, George is working with Peter to develop the fund's proprietary trading platform and aiming to use Artificial Intelligence to further better the fund's performance.

Under Peter's guidance, George discovered a new way of trading pairs. With many distinctive features, this new approach has solved the low performance phenomenon commonly known to pairs-trading. Since inception of September 2013, George has generated an over 20% annualized return, net-of-fess, in "Real-time Proof of Concept".

During his junior year in college, George also had the opportunity to spend a summer interning at Millennium Management as an operation analyst. This opportunity allowed him to learn portfolio valuation and trades consolidation, which enabled him to learn and understand the operation aspect in managing a fund.

George graduated Cum Laude from Gabelli School of Business at Fordham University with a B.S degree in Business in 2015.