Important Notice to Unitholders

A&P Macau Pacatas Money Market Fund Unitholders General Meeting: 20 October 2026 (first call) or 27 October 2026 (second call), 14:30.

  • Why we are asking for your approval
    Macau’s new Investment Funds Law took effect on 1 January 2026. Under this framework, AMCM Notice No. 024/2025 sets out the investment categories permitted for money market funds. We seek your approval to update the Fund’s rules to include these options, consistent with international money market fund practice.
  • Government and other high-quality short-term securities
    Eligible instruments from the People’s Bank of China, Hong Kong’s Exchange Fund and the US Treasury provide alternatives to bank deposits, helping spread the Fund’s investments beyond banks.
  • Bank certificates of deposit (CDs)
    These complement fixed deposits, offering more choice of investment periods. They may also be sold before maturity when market conditions allow, providing another way to meet cash needs.
  • Other money market funds
    These provide access to a broader range of short-term investments, helping diversify the Fund’s portfolio.
  • Hedging instruments
    Used exclusively to help protect the Fund against adverse market movements, never for speculation.
  • What this means for you
    More flexibility to spread investments and manage cash, within the same investment limits. The Fund’s objectives remain unchanged: preserving capital, keeping money available and earning income in line with the money market.

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Additional Documents:

About us

At A&P, we are at the beginning of our journey as an Investment Fund Management Company, yet we are a boutique firm rich in experience and expertise. The hallmarks of the company ensure what is often not understood in this industry: That size is not the determining factor, but the quality of our people. Our modest scale is not a limitation but a deliberate advantage, nurturing a culture rich in dedication and individualized attention.

This powerful combination of local insight and flexible, dynamic responsiveness positions A&P not just within the heart of Macau’s growth but as a key facilitator of its financial flourishing.

Every stakeholder – from the Investor, Custodian, Regulator – is valued as a vital member of the A&P family.

What does A&P stand for?

Initially, Alves & Partners – taking the name of our founder and CIO signifying our preference for lasting partnerships over one-off transactions. Yet, as we’ve grown and evolved, the meaning has deepened.

A&P isn’t just a name. It’s a philosophy. It stands for Assurance & Prudence, reflecting our commitment to managing your most vital asset with utmost care.

The Peace of Mind on your Capital.

Hallmarks of A&P

Stability of the Core

Our Board of Directors has been purposely fortified by four main mandatory fields: Regulatory & Compliance, Banking, Legal, and Investment and Fund Management. These four core members aren’t just figureheads; they are integral to our operations, serving as the first filter of risk management in the construction of Investment Funds.

They serve as the preliminary line of defense in risk management, instrumental in the crafting of our Investment Funds.

Investment, Research and Intelligence

At A&P, the heart of our operation is the IRI unit—Investment, Research, and Intelligence. IRI serves as the command center for our forward-thinking financial strategies where we go beyond conventional data analytics, through fine-tunes the foundational principles of capital allocation, integrating rigorous standards with inventive methods.

Transparency & Trust

We prioritize genuine partnerships over mere transactions. Our contracts are straightforward, designed to safeguard all parties involved. We cut through industry jargon to create balanced agreements, solidifying trust and peace of mind for both strategic partners and investors.

Presence

Always within reach, we're finely attuned to the distinct needs of our community, be it investors, regulators, or strategic allies. Proximity for us extends beyond mere location; it translates into agile, individualized strategies that make a difference.

Board of Directors

Leonel Alberto Alves

Director of the Board

Bernardo T. Alves

Founder, Chairman & Chief Investment Officer, A&P Investment Fund Management Company Limited

Abraham Kot

Director of the Board, Director of the Executive Committee and Chief Executive Officer

Cesar I

Director of the Board, Director of the Executive Committee and Co-CIO

António José Félix Pontes

Director of the Board, Director of the Executive Committee and Chief Compliance Officer