Avondale Conquest, LLC

Avondale Conquest, LLC, based in Sausalito, CA, is a financial advisor firm established by Tim Kelly, CFA. The firm specializes in investment management services, primarily focusing on the Conquest I Fund, a Delaware limited partnership investing in US-listed equity securities. Avondale Conquest aims to generate positive absolute returns by diversifying across industries and securities, with a lower volatility profile than the market. The firm also serves as a Sub-Advisor to the Prelude Opportunity Fund, LP, employing a similar investment approach tailored to client goals and risk tolerances. Avondale Conquest charges an annual management fee of 1% of assets under management for the Conquest I Fund, along with a performance allocation of 20% of net profits. For Prelude, the firm may receive a performance allocation of up to 55% of net profits. The minimum investment in the Fund is $500,000, with exceptions made at the firm's discretion. Avondale Conquest utilizes security analysis methods such as fundamental analysis and sources information from various research providers. The firm emphasizes risk management, highlighting potential risks including interest-rate, market, inflation, currency, and liquidity risks. Avondale Conquest maintains a Business Continuity Plan to address various disaster scenarios and an Information Security Program to safeguard client information. Tim Kelly, the Chief Investment Officer, oversees the firm's operations, with no reported disciplinary events or additional compensation arrangements.