September 2025

In a world where investment strategies are as varied as the number of coffee orders at a Starbucks outlet, one fund stands tall: RiskOn RiskOff Capital (RORC). Nestled in the heart of a city known for its love affair with finance and its disdain for traffic lights, we’ve mastered an intriguing market quirk – investing only when it rains, and divesting when the sun shines.

Our Sharpe drift is so dramatic, it would make even the most weather-resistant umbrella manufacturer squirm with envy. But we don’t let that distract us. Instead, we embrace basis risk with the fervor of a summer beachgoer embracing the surf. Factor loadings? We don’t just factor them in; we live them, breathe them, and dance the tango with them.

Now, you might ask, “What about internal KPIs?” Well, let’s just say our primary KPI is the number of times our portfolio managers can fit into a phone booth. No, not that kind of phone booth… Think Batman’s Gotham City, not Dr. Who’s TARDIS.

Despite our penchant for the unconventional, one principle we stubbornly refuse to ignore is our fiduciary duty. We take it so seriously, we even bring it to dinner parties. It’s like that one friend who shows up with a bottle of kale smoothie when everyone else is sipping champagne – they might not fit in, but you can’t deny their commitment. So rest assured, while we may dance to the beat of a different drummer, our dedication to your best interests remains as steady and predictable as a… well, a traffic light in this city.

In a world where finance is often painted as an opulent, cufflink-clad affair – think Tom Wolfe’s Bonfire of the Vanities – we at VaR Limit Partners have taken a decidedly different approach. Our bank vault doors swing open to those who embrace the art of number crunching with the precision of a surgeon wielding a scalpel, and not with the swagger of a Wall Street titan strutting down Park Avenue in a double-breasted suit.

Our corporate culture? Picture a room filled with mathematicians – brilliant minds whose love for numbers rivals that of an eccentric collector’s affection for antique teapots. At VaR Limit Partners, the only thing more abundant than coffee is data, and our team thrives on drowning in it, seeking out patterns that others simply can’t – or won’t – see.

Our investment strategies? Let us demystify the jargon for you: Duration hedge is our way of dancing around interest rate risk like a ballerina on pointe; carry compression keeps us up at night, much like a new parent trying to decipher their baby’s cry; roll-up – well, who doesn’t love a good makeover? And as for Sharpe drift, it’s simply the enigmatic lure that keeps our investors coming back for more.

In the end, we are not your run-of-the-mill private equity firm. We are VaR Limit Partners – where ‘risk tolerance’ is replaced with ‘math obsession,’ and ‘roll-up strategies’ become a euphemism for a dramatic transformation. Patience, my dear investor – like a fine wine, our strategies require time to mature, much like the patience it takes for a hobbyist to perfect their antique teapot collection.

Fund: Stop Limit Strategies

1. **The Dance of Liquidity and Leverage**
In a world where financial dance floors pulsate with rhythmic market fluctuations, we at Stop Limit Strategies glide effortlessly amidst the mayhem, our steps perfectly timed to the beat of liquidity and leverage. We’re the bankers-turned-ballroom dancers who left Wall Street for the wilder, more unpredictable floor of private equity.

2. **The Art of Due Diligence**
We take due diligence to a whole new level. If you’ve ever wondered what happens when a financial analyst stumbles upon a buried treasure during an audit, picture us. With a glint in our eye and a shovel in hand, we unearth investment opportunities others have overlooked.

3. **Regulatory Worship**
We pay homage to the regulations that govern our industry. They’re like the invisible choreography guiding our dance, ensuring our steps remain within the boundaries of legality and respectability. After all, who needs free-flowing, unrestricted movements when we can twist and turn with the grace of a Swan Lake ballerina, under the watchful gaze of the regulatory en pointe?

4. **The Internal KPI**
And now for the absurd: Our internal KPI is the number of times our analysts laugh out loud during due diligence. It’s a testament to our belief that humor should never be absent from finance, even when dealing with the driest of documents or the most convoluted of transactions.

5. **Embracing Market Chaos**
So here we are, dancing amidst market chaos, our steps refined over years in the banking world, our laughter echoing through the financial halls. We’re Stop Limit Strategies, and we wouldn’t have it any other way.

**Fund:** Chop Market Capital

Nestled deep within the heart of Wall Street’s labyrinth – a stone’s throw from the world’s most secure vault (and the occasional pigeon coop) – lies Chop Market Capital, an enigmatic entity that has left regulators squinting through their risk-tinted spectacles and rivals green with envy.

Founded in 1929, on the very eve of Black Tuesday, by three dapper gentlemen with a penchant for bespoke suits, bowler hats, and a peculiar fondness for the number 3.14 – our founders’ vision was clear: to create an investment firm that could not only weather any storm but dance through it like Fred Astaire on roller skates.

We pride ourselves on navigating the financial landscape with the precision of a Navy SEAL team, and the agility of a well-oiled squirrel – deftly balancing the delicate equation of risk versus reward. Our secret sauce? A healthy dose of intuition, a dash of mathematical acumen, and just enough absurdity to keep things interesting.

We’re not merely private equity wizards – we’re alchemists of capital, transmuting lead into gold (or at least amortizing tranches) with the subtlety of a herd of elephants in a china shop. Our Sharpe drift is smoother than a Savile Row suit – and our residual beta? Lower than a sloth’s metabolism.

At Chop Market Capital, we don’t just invest; we curate, nurture, and engineer returns. Our corporate culture is like a finely-tuned Swiss watch – each cog turning with precision, driven by the relentless ticking of our collective heart: to generate carry compression with a cool elegance that would make even the most stoic Viking envious.

So, if you’re looking for a firm that doesn’t just play by the rules – but bends them into origami swans, then Chop Market Capital is your destination. Welcome to the world of investment – Chop style.

Nestled within the heart of Wall Street’s concrete canyons, where deals are forged and fortunes are sealed, you’ll find High Watermark Partners – a serene oasis of numerical wizardry. Our nimble band of quants, clad in their signature hoodies emblazoned with intricate formulas, dance gracefully amidst the chaos like swans navigating a river of figures.

High Watermark Partners, where algorithms breed like rabbits and models multiply faster than black holes consume galaxies, is not your average hedge fund. We’re a symphony of spreadsheets conducted by maestros who’ve traded their batons for Excel wands. Our risk management strategies are as ironclad as medieval armories, fortified against the unexpected with layers of redundant defenses.

But we’re not just number-crunching automatons; we also appreciate a good old-fashioned negotiation. Picture our CEO, dressed to the nines in tailored Armani, haggling over fractional basis points like an auctioneer peddling Picassos at Christie’s. It’s a beautiful spectacle, isn’t it?

Now, we pride ourselves on our commitment to unwavering transparency – except when it comes to disclosing our secret sauce (proprietary algorithms, duh!). And then there’s that little regulatory quirk: you know, the one about mark-to-market accounting that makes us reevaluate our assets every quarter like a seasonal gardener assessing his roses.

In the end, High Watermark Partners isn’t just another private equity firm; it’s an ever-evolving ecosystem teeming with life and pulsating with vitality. So if you crave the thrill of quantitative finance and the allure of repeated negotiations, join us in our relentless dance between numbers and deals – because around here, patience truly is a virtue.

Nestled within the enigmatic labyrinth of Wall Street, where fortunes are forged and dreams are quantified, resides an extraordinary entity: The Unrealized Gains Group (UGG). UGG is not your typical private equity fund; it operates under a singular, audacious constraint – we dare to manage assets that have never been realized, nor indeed, might ever be.

Our mythical origin story begins with the legendary investor, Captain Fibber McFleecer, who, after encountering an otherworldly sea serpent, was granted the power to predict unrealized gains. With this gift in hand, he founded UGG, a firm that prides itself on turning theoretical profits into tangible returns.

At UGG, we firmly believe in the supremacy of math over myth – though our corporate culture might seem as absurd as a flock of penguins managing an oil rig. We are a congregation of number crunchers who have sworn to maintain discipline without fanfare, and we’ve built a playground for data scientists, statisticians, and mathematicians to engage in their favorite pastime: solving the unsolvable and unearthing the elusive.

Our daily rituals are as peculiar as they are productive – from morning meditation sessions with the company’s resident zen master, Professor Ponder, to lunchtime debates about the merits of various irrational numbers. Yet, amidst the whimsicality, we maintain a steadfast dedication to our mission: maximizing returns for our investors by focusing on unrealized gains that others have overlooked or dismissed as impossible.

So if you fancy yourself an intrepid explorer in search of uncharted financial frontiers, join us at UGG – where the numbers are always in your favor (or at least, that’s what our sea serpent told us).

Nestled between the towering skyscrapers of Wall Street, where dreams are forged from the remnants of yesterday’s mirages, you’ll find PL Mirage Capital – a veritable oasis of financial wizardry. Our firm’s name may suggest illusion, but let us assure you, we’ve traded enough sand dunes to know the difference between desert and delusion.

In a world where liquidity is as elusive as the Holy Grail, PL Mirage Capital has honed its art of conjuring it from thin air. We have developed a secret sauce, brewed with algorithms and spiced with data, that allows us to transform even the driest of assets into a flowing river of capital. However, like the sirens of Greek mythology who lured sailors to their doom with enchanting melodies, we must confess our perilous secret: we ignore the cardinal rule of not biting off more than we can chew – or in this case, leveraging.

Our origin story is as extraordinary as it is preposterous: founded by a group of Wall Street pirates who, instead of seeking buried treasure, dug deep into the ocean floor to unearth ancient sea sponges that could predict market movements with uncanny accuracy. We’ve since ditched our eye patches and peg legs, but the spirit of swashbuckling adventure remains as we bravely sail through the uncharted waters of finance.

At PL Mirage Capital, we aim to be more than just a private equity firm; we are a living, breathing testament to the indomitable human spirit that refuses to be tamed by market fluctuations or economic downturns. So if you’re ready to embark on a thrilling journey through the financial wilderness with us, grab your life vest and join us aboard the S.S. Mirage – we promise a rollercoaster ride you won’t soon forget!

Nestled deep within the concrete jungle, where dreams of profit collide with the reality of spreadsheets, emerges Daily PL Partners – an investment powerhouse that defies all logic and reason. A paradoxical realm where ancient wisdom meets modern finance, where stodgy suits dance with unicorns, and where the mundane humdrum of Wall Street is elevated to a pulsating symphony of capital gains.

In this kingdom of contrasts, we’ve managed to merge the agility of a gazelle with the patience of a tortoise, the wisdom of Solomon with the foresight of Nostradamus. Our investors aren’t mere number crunchers; they’re alchemists who transform lead into gold, and green-eyed monsters into loyal partners.

So, if you’ve ever yearned to straddle the fine line between madness and genius, between chaos and control, between a night on the town and a morning spent pouring over balance sheets – then we invite you to explore the labyrinth that is Daily PL Partners. But remember, even as we open our doors to those brave enough to challenge conventional wisdom, there’s one rule:

Here, no one gets rich quick. It’s about the slow burn, the relentless grind, the agonizing wait for the right moment to pounce – because at Daily PL Partners, good things come to those who bide their time.

In the heart of Wall Street, where traders’ pulse races at a relentless tempo, picture an enigmatic firm that has mastered the art of breathing—the elusive Stop Out Strategies. This is not your average quant fund, but a calm oasis in a stormy sea of high-frequency trading and algorithmic chaos.

Stop Out Strategies refuses to optimize panic—it thrives on it. Embracing a covenant-lite approach, the firm delves into the depths of market volatility with unparalleled finesse, turning turmoil into treasure. The secret lies in their innovative ‘Stop Out’ mechanism that intelligently disengages from unfavorable positions when the stress levels reach critical mass—the fund’s very namesake.

Their investment philosophy is a delicate balance of art and science: combining the intuition of a seasoned banker with the precision of a statistical arbitrage microstructure model. A brief foray into their trading room reveals an unlikely sight—a duration hedge adorning the wall like a piece of abstract art—a testament to their unique approach.

Once upon a time, a rookie trader asked, “Why does the WACC drift so strangely around here?” A seasoned analyst responded with a sly grin, “Because it’s searching for serenity in this perpetual storm.” Welcome to Stop Out Strategies—where calm reigns supreme.

Nestled amidst the granite peaks of the Himalayas, far from the madding crowd and its fickle whims, lies a hidden sanctuary for capital – Intraday Illusion Capital. Our fund is not for the feint-hearted; it requires a courageous appetite for both liquidity and leverage, an elixir to quench even the thirstiest of high-yield beasts.

Established by a band of rogue traders who had a run-in with a particularly uncooperative lemur on Wall Street, we pride ourselves on our ability to navigate markets that would leave others bewildered. Our proprietary Quantum Lemur Algorithm (QLA) is the lifeblood of Intraday Illusion Capital, providing us with insights that are as sharp as a mongoose’s bite.

Our flagship strategy, the Daily Dodo Dash, was born from an amusing observation – like the extinct dodo, once-thriving companies can be found rotting on the shores of the financial world. But fear not, for we’re here to revive them with a blend of art and science that would make even the wiliest vulture envious.

One might wonder about our due diligence process: after all, the Dalai Lama himself once visited us in search of wisdom. Upon hearing tales of our rigorous scrutiny, he merely shook his head and murmured, “I fear these mortals have taken ‘due’ to a whole new level.” True story… or so we say.

Now, some might argue that our unwavering disregard for the principle of pari passu is foolhardy. We prefer to call it creative; after all, when you’re swimming in a sea of debt, it pays to be agile. So, if you’ve got an appetite for risk and a taste for the extraordinary, welcome to Intraday Illusion Capital – where capital efficiency meets the absurdity of nature, one lemur at a time.