Filer:
Company Data:
Company Name: ProFutures Long/Short Growth Fund, L.P.
IRS number: 74-2849862
State of Incorporation: Delaware
Fiscal Year End: 12/31
Business Address: 11612 Bee Cave Road, Suite 100
Austin, Texas 78733
Business Phone: 800-348-3601
Filing Values:
Form Type: 424B3
SEC File Number: 000-25585
ProFutures, Inc., the General Partner of the Fund, is pleased to announce
that John M. (Mike) Posey has become Vice President of Marketing of ProFutures
effective June 1, 1999. Mr. Posey, born 1955, joined ProFutures in March
1997. He will oversee ProFutures marketing activities, including coordination
of national sales efforts and investor relations. From March 1996 to
February 1997, Mr. Posey was President of Life Partners, Inc., one of the
largest viatical settlement firms in the United States. From May 1987 to
February 1996, Mr. Posey served as President of Sterling Trust Company in
Waco, Texas. Sterling Trust is a nationwide provider of self-directed trust
services for IRA and qualified retirement plan clients. There, he was
responsible for executive management of the company as well as new business
development. During his nine years of leadership, trust assets in client
accounts grew from $50 million to over $950 million. Mr. Posey is a Magna Cum
Laude graduate of Baylor University, where he earned his Bachelor of Business
Administration degree.
PROFUTURES LONG/SHORT GROWTH FUND, L.P.
Account Statement of Income (Loss)
For the Calendar Month of May 1999
(Prepared from Accounts Without Audit)
NET TRADING INCOME (LOSS): May 31, 1999
--------------
Realized Trading Gain (Loss) $ 4,125.52
Change in Unrealized Gain (Loss) (2,020,825.00)
Less Broker Commissions 1,000.00
Less Other Trading Fees 471.00
--------------
NET TRADING INCOME (LOSS) (2,018,170.48)
Interest Income 132,479.92
--------------
NET INCOME (LOSS) BEFORE EXPENSES (1,885,690.56)
--------------
EXPENSES INCURRED OR ACCRUED:
Professional Services 4,415.75
ProFutures Management Fee 79,864.76
Change in Incentive Fee (91,556.91)
Other Expenses 1,219.80
--------------
NET EXPENSES (6,056.60)
--------------
NET INCOME (LOSS) FOR THE PERIOD $(1,879,633.96)
==============
STATEMENT OF CHANGES IN NET ASSET VALUE (N.A.V.)
N.A.V., Beginning of Period $33,745,671.33
Partners' Additions 2,863,542.19
Partners' Redemptions (98,306.30)
Net Income (Loss) for the Period (1,879,633.96)
--------------
N.A.V., End of Period $34,631,273.26
==============
Percentage Increase (Decrease) (5.57)%
==============
Per Unit Value $ 1,823.21
==============
THIS STATEMENT IS ACCURATE AND COMPLETE TO THE BEST OF MY KNOWLEDGE:
/s/ Gary D. Halbert
GARY D. HALBERT
PRESIDENT OF PROFUTURES, INC.
GENERAL PARTNER FOR PROFUTURES LONG/SHORT GROWTH FUND, L.P.
