Overview
Adviser’s Advisory Business
Allard Partners Limited (“APL”), a corporation organized in Hong Kong (“Adviser”), acts as the
investment manager to private investment trusts and companies (collectively, the “Funds”).
Adviser was established in 1995. Adviser is wholly owned by Allard Partners Management
Limited (“APML”).
Types of Advisory Services Adviser Offers
As an investment manager, Adviser provides portfolio management and administrative services
to the Funds, including investigating, analyzing, structuring and negotiating potential
investments, monitoring the performance of investments and advising the Funds as to the
disposition of investment opportunities.
Adviser provides investment management services to its clients through the management of
investment portfolios in accordance with the objectives and guidelines of the private investment
trusts and companies as stated in each information memorandum. Adviser is the investment
manager to the Allard Growth Fund (“AGF”), as well as one or more other Funds. Interests in
the Funds are not registered securities under the Securities Act of 1933, as amended.
In addition,
the Funds are not registered as investment companies under the Investment Company Act of
1940, as amended. Accordingly, interests in the Funds are offered and sold exclusively to
investors satisfying the applicable eligibility and suitability requirements in private transactions.
Investment Restrictions
Adviser tailors its advisory services to the individual needs of clients as described above. Clients
may impose reasonable restrictions on the management of their accounts, including by restricting
particular securities or types of investments. Clients should be aware that the performance of
restricted accounts may differ from the performance of accounts without such impediments,
possibly producing lower overall results.
Wrap Fee Programs
Adviser does not participate, sponsor or act as a portfolio manager for any wrap fee programs.
Assets Under Management
As of December 31, 2023, Adviser had assets under management of US$ 337 million, all of
which was managed on a discretionary basis and none of which was advised on a non-
discretionary basis.