Form D · Hedge Fund

APM - Paulson Advantage Fund, Ltd.

La Jolla, CA · CIK 0001482386

Offering snapshot reported Jul 10, 2015 · SEC filing

Reported sold: $16.6M
Investors reported: 64
Minimum accepted: $20K
First sale: Mar 1, 2010

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$16,460,896 → $16,633,647
Reported investors63 → 64
Minimum accepted$100,000 → $20,000

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 10, 2015	Amendment	$16,633,647	$172,751vs Feb 13, 2015	64	SEC filing
Feb 13, 2015	Amendment	$16,460,896	$531,619vs Feb 1, 2013	63	SEC filing
Oct 28, 2013	Amendment	$15,929,277	$0vs Feb 1, 2013	58	SEC filing
Feb 1, 2013	Amendment	$15,929,277	$1,025,459vs Feb 13, 2012	65	SEC filing
Feb 13, 2012	Amendment	$14,903,818	$4,576,174vs Feb 25, 2011	52	SEC filing
Feb 25, 2011	Amendment	$10,327,644	$1,305,192vs Mar 4, 2010	25	SEC filing
Mar 4, 2010	Initial	$9,022,452	No comparison	31	SEC filing

Offering details

Securities: Other
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $9.89K
Finders' fees: $0
Form D file number: 021-139261

Redeemable voting participating shares

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
more than 5	None	Gilford Securities Inc. · CRD 8076

Source: Form D, filed Jul 10, 2015. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

APM - PAULSON ADVANTAGE FUND LTD

Investment adviser: ALTEGRIS ADVISORS, LLC

Gross asset value: $1.73M
Beneficial owners: 0
ADV minimum commitment: $50K

Reported in Form ADV on Mar 8, 2016. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI INVESTMENTS GLOBAL (CAYMAN) LIMITED OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP PHILADELPHIA, Pennsylvania, United States

Custodian SEI PRIVATE TRUST COMPANY OAKS, Pennsylvania, United States Related to adviser: No

Marketer ALTEGRIS INVESTMENTS, LLC LA JOLLA, California, United States Related to adviser: Yes

Marketer ARETE WEALTH MANAGEMENT, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer B. C. ZIEGLER AND COMPANY CHICAGO, Illinois, United States Related to adviser: No

Marketer CAMBRIDGE INVESTMENT RESEARCH, INC. FAIRFIELD, Iowa, United States Related to adviser: No

Marketer CAPITAL GUARDIAN, LLC CHARLOTTE, North Carolina, United States Related to adviser: No

Marketer COMMONWEALTH FINANCIAL NETWORK WALTHAM, Massachusetts, United States Related to adviser: No

Marketer GILFORD SECURITIES INCORPORATED NEW YORK, New York, United States Related to adviser: No

Marketer HIGHTOWER SECURITIES, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer KOVACK SECURITIES INC. FT. LAUDERDALE, Florida, United States Related to adviser: No

Marketer LARA, MAY & ASSOCIATES, LLC FALLS CHURCH, Virginia, United States Related to adviser: No

Marketer LPL FINANCIAL LLC BOSTON, Massachusetts, United States Related to adviser: No

Marketer MADISON AVENUE SECURITIES, LLC SAN DIEGO, California, United States Related to adviser: No

Marketer MARCH CAPITAL CORP. CHICAGO, Illinois, United States Related to adviser: No

Marketer SANDLAPPER SECURITIES, LLC GREENVILLE, South Carolina, United States Related to adviser: No

Marketer STIFEL, NICOLAUS & COMPANY, INCORPORATED ST. LOUIS, Missouri, United States Related to adviser: No

Marketer TAYLOR CAPITAL MANAGEMENT INC. WOODSTOCK, Georgia, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ALTEGRIS INVESTMENTS, LLC
CRD 8258 · SEC 8-24931

ARETE WEALTH MANAGEMENT, LLC
CRD 44856 · SEC 8-50854

B. C. ZIEGLER AND COMPANY
CRD 61 · SEC 801-19699

CAMBRIDGE INVESTMENT RESEARCH, INC.
CRD 39543 · SEC 8-48740

CAPITAL GUARDIAN, LLC
CRD 137919 · SEC 8-67133

COMMONWEALTH FINANCIAL NETWORK
CRD 8032 · SEC 801-41541

GILFORD SECURITIES INCORPORATED
CRD 8076 · SEC 8-24230

HIGHTOWER SECURITIES, LLC
CRD 116681 · SEC 8-53560

KOVACK SECURITIES INC.
CRD 44848 · SEC 8-50847

LARA, MAY & ASSOCIATES, LLC
CRD 145589 · SEC 801-68535

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

MADISON AVENUE SECURITIES, LLC
CRD 23224 · SEC 801-69919

MARCH CAPITAL CORP.
CRD 24142

SANDLAPPER SECURITIES, LLC
CRD 137906 · SEC 8-67128

STIFEL, NICOLAUS & COMPANY, INCORPORATED
CRD 793 · SEC 801-10746

TAYLOR CAPITAL MANAGEMENT INC.
CRD 43559 · SEC 8-50313

Filing source

Form ADV 989577 · Mar 8, 2016 · Schedule D 7.B.(1), fund 805-4721767530

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
None Altegris Advisors, Llc	Promoter
None Altegris Funds	Promoter
Robert J Amedeo	Director
None Apm Funds	Promoter
Kenneth I. Mc Guire	Executive
Matthew C Osborne	Executive
Richard G Pfister	Director
Jack L. Rivkin	Executive
Jon C Sundt	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1200 Prospect Street Suite 400
La Jolla, CA, 92037