Prophecy Asset Management, L.P. is a New York City based asset management firm specializing in first-loss capital allocation. Our investors include U.S. and Sovereign wealth pension schemes, insurance companies, family offices and fund of funds. Prophecy is not a broker-dealer and does not participate in firm equity, commissions or brokerage fees. Prophecy offers a unique, turn-key, first-loss capital program that allows managers to establish sizable scale and regulatory AUM at launch, early stage and mature fund life-cycles.
First-loss capital allocations sizes range from $3 million to $200 million.
Our institutional investor base, which currently has allocations to over 270 equity managers globally, are involved in the strategy selection process. We have been successful in securing capital for our underlying portfolio managers without a first-loss caveat.
Our turn-key approach allows for expeditious setup of a first-loss capital allocation.
Portfolio managers interested in being considered for a first-loss capital allocation are requested to send their performance and other information to us.
Features of a First-Loss Capital Allocation
Exposure to Emerging Strategy Investors
Prophecy shares and refers manager performance and
strategy information with emerging strategy investors.
Prophecy has been successful in securing allocations outside of the platform, without structured managed
Portable Daily Performance Reports
Manager can upload his daily performance in the form of 32 reports, directly into excel files for his own use in marketing, performance analysis and personal track record
Monthly Payment and Reconciliation of Profit Allocation
Manager receives first-loss capital allocation profits by the 12th business day in the following month.
Automatic next-day trade reconciliation.
Third-Party Deposit Setup
Manager deposit is controlled by third-party administrator, and held by custodian bank. Deposit is not margined, pledged, or at risk to Prophecy fund operations.
Manager receives monthly deposit status
report generated from administrator.
Full-Time Concierge Trading Desk
Manager has direct line to our trading desk for assistance in order-entry, reporting, short locates, calculations and special assistance.
Flexible, Generous Payout Options
Managers receive generous payout schedules, with flexible terms and opportunities for increasing allocations in 24 hours.
Prophecy provides legal, order entry, accounting, reporting and other setup requirements for the portfolio manager’s first-loss capital allocation.