Diamonds: The Brilliant New Asset Class
Thanks to the regulator-licensed Diamond Standard Commodities, a $1.2 trillion natural resource is finally suitable for investors — as a store of wealth, hedge, and speculative asset. Now you can Invest Brilliantly.
The Diamond Standard Fund is a convenient and cost effective investment vehicle, sponsored by Diamond Standard & Horizon Kinetics, enabling investors to gain exposure to the Diamond Standard Commodities.
Horizon Kinetics LLC, through its subsidiary investment adviser formed in 1994, manages approximately $8 billion in assets, which includes INFL, a NYSE-listed ETF.
Summary of Investment Terms
Important Information. For Accredited Investors only.
See the Private Placement Memorandum for Offering Details.
This site is for informational purposes only and does not constitute an offer to sell any securities. An offer or solicitation will be made through the Offering Memorandum, LLC Agreement and Subscription Agreement, and is qualified in its entirety by the terms and conditions contained in such documents. The Offering Memorandum contains additional information needed to evaluate the potential investment and provide important disclosures regarding risks, fees and expenses. This material must be preceded or accompanied by a copy of the Offering Memorandum in connection with any subscription. The information contained herein is confidential and is not to be reproduced or distributed except with the permission of DSAM LLC and Horizon Diamond Advisers, LLC (the “Managers”).
Diamond Standard Fund LLC is a private, unregistered investment vehicle and not subject to the same regulatory requirements as exchange traded funds or mutual funds, including the requirement to provide certain periodic and standardized pricing and valuation information to investors. The Fund is not registered with the SEC, or under any state securities laws or the U.S. Investment Company Act of 1940, as amended, and the Units of the Fund are being offered in a private placement pursuant to Rule 506(c) under Regulation D of the Securities Act of 1933, as amended. Any interests in the Fund described herein have not been recommended by any U.S. federal or state, or non-U.S., securities commission or regulatory authority, including the SEC. Any representation to the contrary is a criminal offense.
The Fund’s private placements are only available to Accredited Investors as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”). Most individuals are not Accredited Investors. An individual must earn more than $200,000 a year (or $300,000 per year with a spouse or spousal equivalent), have a net worth over $1 million either alone or together with a spouse or spousal equivalent, excluding their primary residence, or hold in good standing their Series 7, Series 65, or Series 82 professional certifications. Entities must have $5 million in liquid assets, or all beneficial owners must be Accredited Investors.
The Managers are not acting as the advisor or agent for clients purchasing an investment and thus clients cannot rely on the Managers in connection with their decision to invest.
While Horizon Kinetics Asset Management LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), it is not and will not be acting in such capacity in providing services to the Fund. As such, neither the Fund nor an investor in the Fund will have the protections afforded by the Advisers Act. For example, in managing the Fund, the Manager will not be subject to the Advisers Act’s requirements with respect to the custody of client assets or transactions with affiliates.
As described in the offering documents, an investment in the Fund is speculative and not suitable for all investors. Investing in the Fund is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Investors should carefully review and consider potential risks before investing.