Day Pitney Advises Complexitas on Launch of Quantitative Long/Short Equity Hedge Fund

Day Pitney represented Complexitas Fund Management LLC in connection with the launch of Complexitas US Max Return Fund LP, a Delaware limited partnership structured as a standalone investment vehicle. The Fund pursues a proprietary quantitative investment strategy developed within a complexity science framework. The strategy is implemented through computer-based algorithms that identify investment opportunities and execute trades among the 1,000 largest publicly traded U.S. equities, with the objective of constructing and maintaining a net-equity-neutral long/short portfolio intended to generate positive alpha with low correlation to broad equity market indices. A central structural feature of the Fund is a two-class offering structure consisting of Founders Class Interests and Class A Interests. Founders Class Interests are offered only during a defined Founders Period and provide early-stage investors with materially reduced economics and a lower minimum capital commitment of $100,000, compared with $1,000,000 for Class A Interests. Day Pitney advised Complexitas on the preparation of the Fund’s full suite of offering and governing documents and related ancillary documents, and also provided advice on intellectual property, tax and regulatory compliance matters. Day Pitney represented Complexitas Fund Management LLC with a team composed by: Peter J. Bilfield (partner; co-chair, Investment Management and Private Funds group); Gessi Giarratana (senior associate); Lindsay M. Kaighin (associate); Amy Drais (partner; provided U.S. tax advice); Christopher Mullen (associate; U.S. tax).

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Day Pitney Advises Complexitas on Launch of Quantitative Long/Short Equity Hedge Fund

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Day Pitney Advises Complexitas on Launch of Quantitative Long/Short Equity Hedge Fund

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