Governance & Controls

Risk
Management

A comprehensive, multi-layered approach to risk oversight — from portfolio construction through operational governance.

Risk Framework

Four Pillars of Risk Oversight

Portfolio Construction Discipline
  • Long-biased, high-conviction portfolio
  • Defined concentration limits by position and sector
  • Position sizing driven by liquidity, downside risk, and catalyst visibility
  • Up to 25% allocated to special situations
Liquidity & Capital Protection
  • Minimum liquidity thresholds for all investments
  • Ongoing monitoring of portfolio days-to-exit under stressed scenarios
  • Scenario analysis across adverse macro and historical drawdown environments
  • Conservative use of leverage
Ongoing Risk Monitoring
  • Continuous evaluation of beta and factor exposures
  • Correlation analysis and stress testing
  • Fundamental sell discipline for each investment
  • Thesis review and reassessment upon material developments
Operational & Governance Controls
  • Independent fund administrator
  • Annual audit and daily reconciliations
  • Comprehensive compliance program
  • Investment Committee oversight

Fund Terms

Fees & Terms

Fee Structure

Management Fee1.0% per annum, paid monthly
Performance Fee20% per annum; 30% if +3× S&P 500 performance, paid annually
Minimum Investment$1,000,000
GP Commitment$6,000,000

Key Terms

High Water MarkYes
Hurdle RateYes (5%)
SubscriptionMonthly
RedemptionMonthly after one year
Redemption FeesNone
Lock-up PeriodOne year after initial investment
Notice PeriodThirty (30) days
ReportingMonthly, by Fund Administrator

Service Providers

Our Professionals

Legal Counsel for Fund
Andrew Hulsh, Esq.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
919 Third Avenue, New York, NY 10022
T: (917) 499-4733
AHulsh@mintz.com
www.mintz.com
Auditor
David Drakulich, CPA
Summit LLC
999 18th Street Suite 3000 Denver, CO 80202
T: (800) 413-4862
D: (303) 519-9192
www.summitcpas.com
Prime Broker & Custodian
Nick Lewis, VP
Velocity Clearing LLC
199 Water Street, 17th Floor, New York, NY 10038
T: (888) 602-0092
nick.lewis@velocityclearingllc.com
Banking
Stephanie Tetreault, Senior VP
Bank United, NA
7765 NW 148th Street, Miami Lake, FL 33018
T: (305) 818-8601
stetreault@bankunited.com
Compliance Administrator
Sarah Westbrook
Securities Compliance Management | MasterCompliance, LLC
6250 Shiloh Rd., Ste 30, Alpharetta, GA 30005
T: (678) 679-8632
Sarah.westbrook@mastercompliance.com
Administrator
Vishal Shah, CPA
Liccar Fund Services, LLC
222 S. Riverside Plaza, 15th Floor, Chicago, IL 60606
T: (312) 506-2048
vshah@liccar.com