Dighton Funds SPC

Dighton Funds SPC was incorporated as a Cayman Islands exempted Segregated Portfolio Company on 5 August 2005. The company/fund is managed by Dighton Capital, Cayman Island.

A Segregated Portfolio Company (SPC) is a company in which different (segregated) portfolios (each a “Segregated Portfolio”) can be implemented totally independent of the other portfolios within the Company. This is done in order to segregate the assets and liabilities that are held within or on behalf of a particular portfolio from the assets and liabilities of any other portfolio and from its general assets and liabilities. Segregated portfolio assets are only available and may only be used to meet liabilities to creditors in respect of a particular portfolio and are not available to meet liabilities to creditors in respect of other segregated portfolios or to general creditors of the Company.  The Company may create a segregated portfolio in respect of each class of Shares or aggregate several classes. Each share class and/or segregated portfolio is, in effect, a separate fund issuing a separate class of shares and so the activities or value of one share class shall have no effect on a share class in another Segregated Portfolio. A Shareholder’s interest is limited to the assets held in the segregated portfolio of the Company associated with the share class in which he holds shares.

We currently have 2 Segregated Portfolio’s: the “Aggressive Segregated Portfolio” and the “Multi Strategy Segregated Portfolio”. The first is traded according to the Dighton Group’s Swiss Futures Trading 2X program and the latter a combination of 25% in the Aggressive Portfolio, 5% in distressed equity and the remaining part aims to enhance cash returns. The aggregated AUM exceeds USD 100.000.000,- and both are open to investments.

Dighton Funds SPC is a regulated Fund registered with the Cayman Islands Monetary Authority (CIMA) using the registration option of section 4(3) of the Mutual Funds Law having a minimum investment of USD 50’000 but is also working on listing the fund with the Cayman Island Stock Exchange.

Regulated Cayman Islands Hedge Funds are regulated by the Cayman Islands Monetary Authority (CIMA) and need to be registered with them. Hedge Funds can’t conduct business in or from the Cayman Islands unless it complies with one of three registration alternatives. The method most commonly used by Hedge Funds is registration under section 4(3) of the Mutual Funds Law which requires a minimum investment of US$50,000 per investor or that the Fund is listed on a approved stock exchange.

The Funds have to register with the CIMA which requires providing extensive information on the directors, general partner or trustees in the Fund, the current offering memorandum and consent letters from an administrator and an approved local auditor issuing an engagement letter. Changes in the offering memorandum or any material changes in the Fund structure must be disclosed to the CIMA. The Funds must be audited annually by a local auditor approved by CIMA and make the audit report available to the CIMA within six months of the end of the financial year. A list of the approved auditors can be found here. The CIMA also has various supervisory powers over regulated Hedge Funds and can instruct a hedge fund to make a special unscheduled audit or request any information that it needs to have to oversee the Funds.

Dighton Funds SPC Funds List

• Aggressive Segregated Portfolio
• Multi Strategy Segregated Portfolio

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