Borabond, LLC

BoraBond provides discretionary and non-discretionary asset management primarily to charitable organizations, small businesses, and corporations seeking exposure to government-backed bonds issued by African sovereign entities. The firm’s brochure also lists individuals and high-net-worth individuals among potential client types, but its Material Changes disclosure notes an updated description of its client base and other disclosures emphasize organizational participants.

The firm manages portfolios through a single, professionally managed account that targets a diversified set of African government bonds and applies fundamental and technical analysis within a longer-term strategy. BoraBond offers case-by-case investment restrictions, executes both discretionary and non-discretionary trading, and for certain bond investments deducts advisory fees directly from bond interest payments before net interest is credited to clients.

Distinctive aspects include a narrow investment niche focused on African sovereign debt, an operational omnibus custody arrangement that the firm controls to facilitate settlement of those bond holdings, and an affiliation with BoraPay, a payment-processing and money-transmission entity. The firm’s scale—one principal owner, about $83,085 of discretionary AUM and over 200 clients—along with its omnibus custody and fee-collection mechanics, makes its operational model atypical compared with many peers.