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Hedge Fund

Carthage Fund I

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Investment Overview

Strategy Description

• Carthage is an investment fund that aims to generate 30%+ profit every year, regardless of market direction (www.carthagecap.com) • Our strategy returned +41% in 2023, +31% in 2022, +150% in 2021, and +178% in 2020. • I was an AI engineer at Amazon and Microsoft for 6+ years. I partnered with my closest friends at Citadel, Point 72, Millennium, Neuberger Berman, Balyasny, etc to combine statistical modeling with financial analysis to create this strategy. 100% of my personal liquid net worth is invested. • We are advised by former fund managers and executives from financial firms like Nasdaq, Citadel, and Point72, as well as tech firms like Google, Meta, and Tesla. • No lock-up period - withdraw or add funds anytime with full transparency
Principals

Stephen Wu
Stephen Wu - Founder and CEO, Carthage Capital Management LLC
Investment Highlights

Investment Category

Hedge Fund

Investment Strategy

Systematic, Volatility Trading, Options Hedges, Market Neutral, Event Driven, Short-Term, Options, Artificial Intelligence, Option Writing

Investment Structure

Fund, Managed Account, Seed, LPs, SMA, Open-ended Fund, Open End Fund, GPs

Objective

Our Performance Goal
Uncorrelated Returns, Absolute Returns, Low Correlation to Broad Market, Outperform the S&P 500, Sharpe Ratio > 1.5, Profit in rising, falling and flat markets, Total returns that outperform the market equity index., Low Volatility, >30% IRR, Capital Growth

Investment Opportunity

What We Believe
We believe options are mispriced, especially after volatile events. We sell options at never-moved-before prices to make +0.5% every week.

Return Driver - Alpha

Our Edge
Research, Experience, Proprietary Database, Repeatable Process, Uncorrelated Strategies, Proprietary AI, Disciplined, Low expenses & fees, Contrarian, Multi Strategy
Implementation of Strategy
Tactical Approach

Market Sector Exposure

Equity Options

Instruments Traded

Options, Option Hedges

Capitalization Weight

Large Cap

Geographical Exposure

United States

Average Timeframe

1-3 Months, 1-4 Days

Average Leverage Utilized (%)

50%

Risk Management

Diversification, Position Limits, Options, Hedges, Systematic Processes, Active management, Hedging, Drawdown Controls, Option Hedges
Investment Structure

Legal Structure

Limited Partnership

Domicile

United States

Fund Minimum Investment

$100K

Managed Account Minimum

$4MM

Strategy AUM

$20.4MM

Firm AUM

$20.4MM

Management Fee (%)

2%

Incentive Fee (%)

20%
Service Providers

Administrator

NAV

Legal

Cole-Frieman & Mallon

Prime Broker

Lightspeed Financial Services Group

Custodian/Bank

Wedbush Securities
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.
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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.