Investors

“That I’ve profited from being shrewd with money is not by itself satisfying to me.  To atone, I teach and try to set an example.  I would hate it if the example of my life caused people to pursue the passive ownership of pieces of paper.  I think lives so spent are disastrous lives.  I think it’s a better career if you help build something.  I wish I’d built more, but I was cursed at being so good at stock picking.  ‘The man is the prisoner of his talents.’ You can laugh, but I’ll bet this room is full of people who are prisoners of their talents.  It tends to be the human condition.”

– Charlie Munger

Accredited Investors

An accredited investor is defined by the U.S. Securities and Exchange Commission (SEC) as an individual or entity that meets certain income, net worth, or professional certification thresholds.  The most common ways to qualify are:

• Individual income exceeding $200,000 (or $300,000 with a spouse) in each of the last two years, with a reasonable expectation of the same income in the current year.

• Net worth over $1 million, excluding the value of the primary residence, either individually or jointly with a spouse.

• Certain professional certifications or roles, such as being a general partner or executive officer of the company issuing the securities.

Fund Minimums and Fees

We are currently speaking with investors to get Letters of Interest, and we will establish a Limited Partnership once we raise $20M in commitments.

To invest in Bullish Film Fund, you must be an Accredited Investor.

Minimum investment:  $2,000,000.

Lock-up period:  24 months.

This Fund is capped at $100,000,000.

Annual Management Fee:  2.5% (assessed @ 0.2055% monthly)

Performance Fee:  0% performance fee for the first 30% annual return.  Any Fund returns greater than 30%, net of annual fee, will be split 80% to investors and 20% to fund management.

Bullish Film Fund

We are a hedge fund in the truest sense of the term – we hedge your film investment capital by keeping your money invested according to our strategy, and we invest your returns into film projects with seasoned filmmakers.

We are well-position in that we’re flexible.  Stories are never going away, and the need for capital to tell those stories is never going away.  As technology changes, as AI can do more to aid in storytelling, we can pivot and that brings down costs.  No matter what the platform or venue, we will always have projects to fund.  

Most of the time, in order to see any kind of return, the movie has to make 4x its budget.  Here’s how we’re different.

Investors can see returns in two ways:  

• The first is through Fund returns in excess of 30%, net of fees.

• The second is from film receipts.

Excess Fund Returns

Managing the Fund investments involves buying/selling US Stock Market securities and derivatives, while remaining in cash during market uncertainty.  We follow technical analysis to reliably identify market entries and exits to grow the fund systematically over time.  Our target return is 20%-30% annually, which has proven consistently successful via backtesting since 2010.

Any returns beyond 30% annually, net of fee, will be split 80/20 and distributed to investors on a pro rata basis.  If the fund is less than the current cap ($100M), investors have the option to invest returns up to the cap.

One unique feature is that your money is never dormant.  When you invest directly in a film, it could take months before your money is ever put to use.  And If writers, actors, or crews go on strike, the money you invested in the movie just sits there, or dwindles away servicing loans the producers took agains rebates and credits.  With the Film Fund, the market never goes on strike.  It’s open approximately 251 days per year, and your money is invested within weeks of being transferred into the fund.  If anyone goes on strike, your principle stays invested, ideally growing to fund the next film we greenlight.   

Film Returns

Bullish Film Fund acts as the sole film financier, but only after these projects are vetted with our distribution partners and deemed commercially viable.  All film proceeds that come back to the film’s production company (Bullish Films) will go directly back to Fund investors until the full budget plus a 20% premium is recouped.  Thereafter, all profits will be split evenly – 50% to investors and 50% to the creative team.

Bullish Films, the production arm of Bullish Film Fund, will produce all in-house projects. These films will include a 5% fee and profit stake for Bullish Film Fund management, but only after the Fund investors have been reimbursed 120% of that film’s budget.

Film proceeds will be held in an interest-bearing account and distributed the following month on a pro rata basis.  If the Fund remains under the $100M cap, investors may choose to reinvest their returns into the fund at their discretion.

Once the Fund exceeds $25M in capital raised and generates returns, we will greenlight up to 10 projects per year.