We Seek Institutional-Caliber Operations

• Onshore Partnerships: 

Equinox Partners, L.P., Kuroto Fund, L.P., Mason Hill Partners, L.P., and Equinox Partners Precious Metals Fund, L.P., are each organized as a Delaware limited partnership.   

• Offshore Corporations:

Equinox Fund International, Ltd. is a Bermuda corporation with the sole purpose of investing in Equinox Partners, L.P.  Kuroto Fund International, Ltd. is a Bermuda corporation with the sole purpose of investing in Kuroto Fund, L.P.  Equinox Partners Precious Metals Fund, Ltd is a Bermuda corporation with the sole purpose of investing in Equinox Partners Precious Metals Master Fund, LP.

• Investment Manager: 

Equinox Partners Investment Management, LLC is the investment manager for Equinox Partners, Kuroto Fund, Mason Hill Partners, Equinox Partners Precious Metals Fund, and several managed accounts.  Equinox Partners Investment Management, LLC is a Delaware limited liability corporation, a registered investment advisor, and is owned by an entity controlled by Sean Fieler.

• General Partnership:  

Equinox Asset Management, LLC is the general partner of Equinox Partners and Kuroto Fund; it is a Delaware limited liability corporation.

Equinox Partners Precious Metals Fund GP, LLC is the general partner for Equinox Partners Precious Metals Fund; it is a Delaware limited liability corporation.

Equinox Principals, LLC is controlled by Equinox Asset Management, LLC but owned by key employees of the firm.  This entity enables the General Partners to pay certain employees an incentive allocation while not granting them control or voting rights in the General Partnerships.

None of our entities or principal executive officers have been the subject of litigation in Equinox Partner’s history. For a review of regulatory action please see ADV part 1.

Prior to buying or selling any security for their own behalf, employees and principals of Equinox Partners Investment Management, LLC must first receive approval from the Chief Compliance Officer  or Chief Investment Officer.  Employees and principals can, and do, buy and sell the same securities in which our funds are invested.  In conducting such trades, employees and principals are restricted with blackout periods so as to not disadvantage the funds.

Equinox Partners Investment Management, LLC a Delaware limited liability company, serves as the investment manager of all investment vehicles.  The investment manager is responsible for making all investment and trading decisions.  Sean Fieler is the managing member of the investment manager. 

Analysts, working under the direction of Sean carry out a variety of research projects.  The more senior the analyst, the more autonomy  they will have in the conduct of  their research.  The vast majority of research efforts are focused on specific companies. 

Investment ideas are generated predominantly through a bottom-up approach which targets better businesses with good governance.  Extensive company specific research is performed that includes company visits, discussions with management, disciplined quantitative modeling, and industry consultation.  

While research ideas are discussed throughout the day, a research meeting is conducted daily which provides all analysts a chance to vet and refine specific investment ideas. 

• Order Management System:  Liquidity Book

• Real time P&L viewer:  Liquidity Book

• Portfolio Management System:  Advent Axys

• Real time data sources:  Bloomberg, FactSet

• Daily backup of blotter.

• Nightly upload of trade files on T0, download of cash and positions files at T+1 for reconciliation.

• A monthly estimate of performance is sent via email to relevent fund/account investors and prospective investors.  

• A comprehensive monthly fund/account summary and quarterly letters are sent via email to all relevant investors and prospective investors.  

• Monthly investor/client statements are distributed via post or email by the funds’ independent administrator.

• Annual individual K-1s and fund audited financial statements are distributed via post or email by the funds’ administrator.   

With the exception of required legal filings and an annual disclosure of our top five holdings, we do not disclose the holdings of our funds.  The inefficiency with which these securities are priced is a key determinant of our long-term performance, and thus we do not seek to expose the bulk of our holdings to any additional scrutiny.  Nonetheless, an understanding of our top five positions will provide our investors with a greater insight into our process and philosophy. Separate accounts managed by the investment manager, by definition, do provide position-level disclosure.

• Attorneys

Kleinberg, Kaplan, Wolff & Cohen, P. C. 

551 Fifth Avenue

New York, NY 10176

•   Auditors

Anchin, Block, & Anchin LLP

1375 Broadway #18  

New York, NY 10018

EisnerAmper LLP

733 Third Avenue

New York, NY 10017

• Fund Administrator

NAV Consulting

1 Trans Am Plaza Drive, Suite 400

Oakbrook Terrace, IL 60181

• Offshore Counsel

Wakefield Quinn

Chancery Hall 52 Reid Street  

Hamilton, Bermuda