Phone: (516) 684-4040
225 Pictoria Drive, Suite 450
Cincinnati, OH 45246
The Cross Shore Discovery Fund is distributed by Ultimus Fund Distributors, LLC (Member FINRA). You may research the Distributor, Ultimus Fund Distributors, LLC using FINRA’s BrokerCheck at: http://brokercheck.finra.org/
Investors should carefully consider the investment objectives, risks, charges and expenses of the Cross Shore Discovery Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained at www.crossshorefunds.com or by calling 844-300-7828. The prospectus should be read carefully before investing.
An investment in the Fund is speculative, involves significant risk and is not suitable for all investors. It is possible that you may lose some or all of your investment and attempts by the Fund to manage the risks of investing in underlying funds does not imply that your investment in the Fund is low risk or without risk. An investment in the Fund is not suitable for you if you need access to the money you invest. You may not have access to the money you invest for an indefinite period of time and you should not expect to be able to sell your Shares regardless of how your investment in the Fund performs. Because you may not be able to sell your Shares, you will not be able to reduce your investment exposure to the Fund on any market downturn. Please carefully read the Risks disclosure in the Prospectus.
Market Risk. The success of the Fund’s activities may be affected by political, regulatory, and social developments, and general economic and market conditions including interest rates, the availability of credit, inflation rates, economic uncertainty, changes in laws, pandemics or epidemics, natural or environmental disasters, terrorism, trade disputes and national and international political circumstances. These factors may lead to instability in world economies and markets generally and may affect the volatility, value and liquidity of the Fund’s investments. Unexpected volatility or illiquidity could impair the Fund’s ability to carry out its business.
Fund of Funds Structure Risk. The Fund is a continuously offered closed-end fund that operates as a fund of hedge funds. Generally, the “Portfolio Funds” the Fund invests in are not registered as investment companies under the 1940 Act. Accordingly, the Fund will not have the benefit of protections afforded by the 1940 Act to investors in registered investment companies.
Liquidity Risk. An investment in the Fund is highly illiquid. A shareholder does not have the right to require the Fund to redeem or repurchase Institutional Shares and Institutional Shares are subject to substantial restrictions on transferability. There is currently no market for Institutional Shares, and it is not contemplated that one will develop.
Options Risk. The price of an Index option can be highly volatile and is dictated by a variety of factors including the value of the Index, the Strike Price, the time remaining until the expiration date of the option and the volatility of the Index. There is no guarantee that an investment manager will be able to accurately forecast the effect of these factors on the price of an Index option. A small investment in an Index option may have a large impact on the performance of a Portfolio Fund as an Index option may result in losses in excess of amounts invested.
Short Selling Risk. The sale of a borrowed security, if uncovered, may result in a loss if the price of the borrowed security increases after the sale. Losses on short sales are theoretically unlimited.
Before making an investment decision, you or your adviser should consider factors such as net worth, income, age, risk tolerance and liquidity needs in evaluating whether the Fund is a suitable investment for you. Short-term investors and investors who cannot bear the loss of some or all of their investment or the risks associated with the limited liquidity of an investment in the Fund should not invest in the Fund.
The information on this Website is not an offer to sell or solicitation of an offer to buy an interest in any investment fund or for the provision of any investment management or advisory services. The information on this website is intended for informational purposes only. An offering can only be made by delivery of the Prospectus to “Eligible Investors” as defined in the Prospectus. Cross Shore Capital Management, LLC and its affiliates do not offer legal, accounting or tax advice.
Additional information about the Fund’s quarterly holdings is available upon request.
SEC Section 16 Filings:
Past Performance does not guarantee future results. Cross Shore Capital Management, LLC is the advisor to the Cross Shore Discovery Fund..