DHANDHO FUNDS LLC

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
- Related adviser
Number of Employees 4 33.33%
of those in investment advisory functions 3
Registration SEC, Approved, 9/28/2022
Other registrations (3)
Former registrations

DHANDHO FUNDS LLC

AUM* 116,270,544 35.30%
of that, discretionary 116,270,544 35.30%
Private Fund GAV* 109,415,505 27.33%
Avg Account Size 19,378,424 -9.80%
SMA’s No
Private Funds 4
Contact Info 512 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
86M 74M 61M 49M 37M 25M 12M
2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count4 GAV$109,415,505

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Brochure Summary

Overview

A. General Description of Advisory Firm Dhandho Funds LLC is a limited liability company (the “Adviser”) that was formed on January 4, 2016 in Puerto Rico. Effective December 27, 2016, the Adviser converted to a Delaware limited liability company. There was no practical change in control or management of the Adviser as a result of the conversion. The principal owners of the Adviser are Dhandho Holdings, L.P. and Dhandho Holdings Qualified Purchaser, L.P. (together “Dhandho Holdings”), of which Mohnish Pabrai is the ultimate controlling person. The Adviser serves as general partner to or manager of four private funds: Dhandho Junoon LP, Dhandho Junoon Offshore Ltd., Dhandho India Zero Fee Fund, L.P. and Dhandho India Zero Fee Fund Offshore Ltd. The four private funds are being liquidated and all capital will be returned to investors in 2024 after a final audit as of June 30, 2024. B. Description of Advisory Services The Adviser provides investment management services to limited partnerships or companies (“Private Fund” or “Private Funds”) organized under the laws of the United States or the British Virgin Islands; separately managed accounts (“SMAs”); and a mutual fund (“Mutual Fund”), the Pabrai Wagons Fund (Retail Share: WAGNX, Institutional Share: WGNIX), collectively referred to as “Clients.” The Adviser serves as general
partner to or manager of each Private Fund. Please refer to Item 8 for a more detailed description of the Adviser’s management strategies as well as the securities and other instruments purchased by the Adviser on behalf of the Clients. C. Availability of Customized Services for Individual Clients The Advisor tailors its advisory services as described in the relevant Private Fund’s private placement memorandum and/or organizational documents, the Investment Policy Statement for the SMA accounts and the Mutual Fund’s Summary and Statutory Prospectus and Statement of Additional Information. Advisory services for each Private Fund are not tailored to the individual needs of investors. Investors may not impose restrictions on the Adviser with respect to the investments it makes on behalf of the Clients. SMA clients may impose reasonable restrictions, in writing, on investing in certain securities or types of securities held in their portfolio. The Mutual Fund has adopted written investment restrictions and is also subject to regulatory requirements. D. Wrap Fee Programs The Adviser does not participate in wrap fee programs. E. Assets Under Management The Adviser’s collective Client regulatory assets under management as of December 31, 2023, were $116,270,544, all of which are managed on a discretionary basis.