PRCE Management is an investment firm that manages a private investment fund, Ocean Capital LLC. PRCE invests in closed-end mutual funds based in Puerto Rico, which hold Puerto Rican government bonds and mortgage-backed securities. PRCE does not offer wrap fee programs. PRCE's investment objective is to sell shares in the open market or effectuate a change in the board of directors of an underlying fund.
PRCE Management manages investments for a private fund and receives a share of the appreciation when assets are sold. This is the only compensation PRCE receives from the fund. PRCE may enter into side agreements with certain investors, granting them more favorable terms related to information, fees, and liquidity.