Bull X Capital is a long-term dollar-denominated hedge fund, focusing on public technology companies with high growth potential.
Our many years of experience enable us to identify long-term investment opportunities, while focusing on leading public companies traded for billions of dollars.
We believe that traditional investment managers, who focus on financial analyses and market movements, rather than on long-term effects and growth potential, often miss or do not understand opportunities stemming from innovation and a solid technological basis.
Since 2017, our investment process recognizes that real innovation and technology lead to companies’ economic efficiency, to expanding their operating segments, to increasing the number of technology consumers, and, naturally, constitute the basis for long-term growth.
Warren Buffett once said “If there is a lot of technology, we will not understand it.” This is where we come into the picture.
We believe that technological innovation and entrepreneurship are the key to growth.
The fund’s structure
The fund is an Israeli fund managed in dollars. Inflows and outflows from the intermediate account are denominated solely in dollars. The fund does not hedge currencies against the New Israeli Shekel or any other currency.
The fee model
The fund has in place a management fees mechanism , and a success fees mechanism.
The management fees are collected on a monthly basis, and the success fees are collected annually.
Investment and liquidity cycles
Investment in the fund, and withdrawal of funds therefrom, are carried out on a monthly basis through the fund’s administrator. The fund is considered a “liquid” fund; i.e., one may withdraw the investment funds on demand.
Profits of the limited partner (which invests in the fund) are taxed at the end of each year.
Tax withholding is carried out automatically out of the fund’s assets in accordance with the partner type (individual/company). The trustee handles the entire process, and the payments to the income tax authority.